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Nordea CIO on Bitcoin: "It would be better to invest in a coal company"

With huge numbers of cryptocurrencies on the market investment opportunities are plentiful – but Nordea Investment Management's Robert Næss does not want anything to do with this energy intensive phenomenon, especially bitcoin.

Nordea CIO Robert Næss | Photo: PR / NORDEA

"Cryptocurrencies are really a very effective way to work with money transfers and there are a lot of exciting technological possibilities, but many of the existing ones, especially bitcoin, are completely unecessary," says Nordea Investment Management CIO Robert Næss to FinansWatch.no.

He adds that cryptocurrencies have not yet been a focus for Nordea, but that it would not be relevant to invest in a company involved in mining them.

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