NEW!Incredible offer for our exclusive subscribers! Read More
BTC

Norway Minister of Climate Holds Bitcoin; Says its “well-suited for store of value”

1 Mins read

Sveinung Rotevatn, Norwegian Minister of Climate and the environment, in a recent podcast appearance has cleared the air around Bitcoin’s impact on the environment by advocating its use and even said he himself holds the top cryptocurrency. He also claimed that Bitcoin is increasingly proving to be a “well-suited store of value.”

Источник: cryptonews.net

Rotevatn explained,

What might make Bitcoin so exciting is that it has some of the same properties. You can’t suddenly discover a ton of Bitcoin somewhere, giving one country huge reserves. It’s spread evenly, it grows slowly, but steadily, and even has a finite supply…Right. So therefore it’s theoretically well suited as a store of value. Something of value.

Minister of #Climate & #Environment @Rotevatn on whether #Norway should buy #Bitcoin [email protected] @BTC_Archive @IanDeMartino @AlyssaHertig @MarcHochstein @LilyKatz @JeffKauflin @cryptomanran @DHQNgo @pete_rizzo_ @joonian

English captions on YT:https://t.co/UKLgZjF4w2 pic.twitter.com/OxtA7BIq17

— Krypto for hele Kongeriket (@kongerik_et) May 6, 2021

The FUD around Bitcoin being an environmental hazard has cropped up at the peak of its popularity, and even though debunked numerous times the Bitcoin deniers seem to keep fueling it with headlines such as “Bitcoin network eats up as much electricity as the state of Texas.” However, they conveniently forget to mention that the majority of the energy used comes from renewable sources.

Norway one of the Most Renewable Energy Focused Country

Norway is considered to be one of the most renewable energy-focused countries around the globe and the fact that its minister of Climate who is also responsible for framing policies related to the climate is advocating for the use of Bitcoin as a store of value speaks volumes about the so-called hazardous impact of Bitcoin on the environment.

Related posts
AltcoinsBTCCryptoETHMiningOther

Coins-bit.net protects your money

1 Mins read
Coins-bit.net, it is at the forefront of the cryptocurrency industry By Coins-bit.net analyst For instance, Coins-bit.net it is at the forefront of the cryptocurrency industry…
AltcoinsBTCCryptoETHMiningStock

Will Cardano Lose This Critical Support? Here’s the Next Bearish Target (ADA Price Analysis)

1 Mins read
Cardano’s price continues its downtrend and seems about to fall below a critical support level that may take ADA below 40 cents. Key Support levels: $0.42, $0.38    Key Resistance levels: $0.47, $0.50  Buyers have failed to stop the downtrend and ADA is facing a critical level. If sellers manage to break below $0.42 and
AltcoinsBTCCryptoETH

Exycrypt Exchange Moves to the Next Level

2 Mins read
A subsidiary of the Exycrypt cryptocurrency exchange called HBIT. Inc has received its Money Services Business (MSB) license. From the United States…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *