Norwegian Oil Billionaire Joins the Bets on Bitcoin

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A customer uses a bitcoin ATM in Barcelona.Oil billionaire Kjell Inge Rokke has come out strongly in favor of Bitcoin, as he bets the cryptocurrency will prove the best defense against the disruption facing the finance industry and central banking.Rokke’s Aker ASA, which controls oil and oil service companies and has more recently branched out into green tech and renewable energy companies, is setting up a new business, Seetee AS, to tap into the potential of Bitcoin, according to a statement on Monday.“Bit­coin may still go to zero. But it can also become the core of a new monetary ­architecture,” Rokke, Norway’s second-richest person with an estimated $5.4 billion net worth, wrote in a shareholder letter. He says it’s not inconceivable that one Bit­coin could one day “be worth mil­lions of dollars.”Kjell Inge RokkeSource: Ilja C. Hendel“Peo­ple who know the most about Bit­coin be­lieve its fu­ture success is near­ly inevitable,” Rokke said.Bitcoin…

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