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Bitcoin may yet see breakthrough, Norway's finance minister says

Although there may be greater breakthroughs in cryptocurrencies in the longer term, for now, they are "not a market I would recommend consumers enter," says Norway's finance minister Jan Tore Sanner.

Norway's Finance Minister Jan Tore Sanner. | Photo: https://www.regjeringen.no / photo by Marte Garmann

The finance minister of Norway has appeared to break away from the chorus of Bitcoin critics, suggesting that cryptocurrencies will at some point move past their current volatility and experience a period of "breakthroughs."

"It is clear that there may be a development over time, whereby you will be able to get more stabilization mechanisms in the currencies that can lead to greater breakthroughs and upheavals in the slightly longer term," Jan Tore Sanner said in an interview on Tuesday. For now, though, the finance minister warned that it’s "not a market I would recommend consumers enter."

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