During the election campaign, Donald Trump spoke very kindly about cryptocurrency, referring to himself as “crypto president” at a conference in June. It resulted in large donations from technology companies with interests in cryptocurrency. Those who believed in a Trump victory increased their investments in cryptocurrency, ahead of the election. Today they can rub their hands together. There was a new price record for bitcoin in dollars after the election results were known. GOOD DAY AT WORK: Arrows for bitcoin pointed upwards today. To the delight of the general manager of K33, Torbjørn Foss Jenssen. Photo: Petter Larsson / news – When it became clear that Trump was the winner and that the Republicans won Congress, bitcoin skyrocketed, says Torbjørn Bull Jenssen, CEO of K33 to news. He himself has invested in bitcoin. – What does the jump in value mean to you? – There will be some money from it. I have a nice private exposure, says Jenssen. On November 4, bitcoin was down to $67,000, in the hours after the election victory was a fact, it stood at a record high of $75,000. In Norwegian kroner, a bitcoin now costs over 830,000. All cryptocurrencies rose in value after the news that Trump has won the election. A milestone for cryptocurrency A few years ago, Trump was an opponent of bitcoin, but now he has reversed. – This represents a milestone for bitcoin, as Trump has announced that he wants bitcoin as a strategic reserve for the United States, says Jenssen in K33. BITCOIN ENTHUSIAST: Torbjørn Bull Jensen is the head of K33, a so-called advisory company within Bitcoin, and analyzes the market. Photo: Petter Larsson / news K33 is an exchange service that facilitates and advises people who want to enter Bitcoin. – Large business interests in the US are concerned with cryptocurrency. Many voters are concerned with crypto issues. These are interests Trump could win to his side, by referring to himself as the crypto-president, Jenssen continues. Some sold out of the currency before the US election, while others bet on Trump’s victory. In K33, Jenssen is excited about the continuation: – Now we have a clarified political situation, with a president who has said he wants to help the sector grow further. A NEW RESERVE? Photo: Shutterstock The big Norwegian banks do not follow cryptocurrencies closely, but Nordea has also recorded the increase in the value of cryptocurrencies. – Trump is seen as a crypto-friendly person, and has stated that he has faith in this, says senior strategist at Nordea, Joachim Bernhardsen, to news. ABOUT THE GOVERNMENT DEBT: – The US’s growing government debt makes investors look for alternative investments, says senior strategist Joachim Bernhardsen at Nordea to news. As the national debt of the United States increases, many investors are looking for alternative investments. Bernhardsen says there are several reasons why investors will be able to turn to more crypto trading: – If the national debt continues to increase, it may be that investors would rather buy cryptocurrency instead of US government bonds. Many fear that the national debt will increase further, and are now looking for alternative investments. Crypto owners can gain power Many of cryptocurrencies’ former critics are out of politics after this election. – It will be interesting if important positions in Trump’s administration go to people with assets and interests in cryptocurrency, says Jenssen. – What kind of significance can cryptocurrency have in the future with Trump in power? – Bitcoin has been an object of speculation. Now I think the currency can become an international reserve like the dollar has been in the past, says Jenssen. A number of experts have been critical of bitcoin, and in Norway Finanstilsynet has warned that the risk of losing money is high. ENERGY DEMANDING: Cryptocurrency mining requires large amounts of data Photo: Maxim Shemetov / Reuters Published 06.11.2024, at 19.25
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Calling himself “crypto president” – now the bitcoin price is skyrocketing – news Norway – Overview of news from different parts of the country
