Bitcoin as the core of a new monetary system

A new Bitcoin dedicated firm is about to become its hodler
  • Bitcoin can become the core of a new monetary system, according to Kjell Inge Rokke
  • The fact can also take the price of Bitcoin to the level of $100k
  • Inge has established a new firm dedicated to Bitcoin, aiming to get into the blockchain ecosystem
  • Seetee will be using the leading crypto coin as its treasury assets to get into the community

Bitcoin, the cryptocurrency being ruled by volatility, is expected to achieve the price level of $1,00,000 by this year. Many traders got concerned following the last corrections to $48k after achieving a new ATH. According to Kjell Inge Rokke, the Norwegian oil billionaire, the flagship crypto token is about to get worth millions of dollars. Recently, Inge has established a new business dedicated to the world’s most famous crypto token. Inge believes that the token could become the core of a new monetary system, which could also take the price of the coin to millions of dollars. Following the surge, the company will be keeping all its liquid investable assets in the leading token.

A Norwegian firm is about to tap into the potential of Bitcoin

The Norwegian oil billionaire’s firm Aker ASA, controlling oil and oil service firms, has established Seetee AS, a firm dedicated to Bitcoin. The newly established firm aims to tap into the potential of the leading cryptocurrency. Seetee is dedicated to investing in projects and firms throughout the blockchain ecosystem. This fact will help it to keep its liquid investable assets in the flagship digital currency. Moreover, it was also known that the firm had begun its operation with 500 million kroner ($59 million) worth capital, which is expected to be increased significantly over time.

Seetee will use BTC as its treasury asset to be a hodler

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In the announcement of the Seetee AS, Inge expressed its views regarding Bitcoin. According to Inge, they will be using digital currency as their treasury asset and join the community to become hodler. Initially, Seetee will be focusing on four aspects, including investing in and owning BTC, joining blockchain communities, establishing BTC verification operations, and creating and investing in innovative projects in the cryptosphere.

Seetee seeks for partnering actively with other firms

According to the announcement, it was also found that Seetee is looking for partnerships. It is known that partnerships will help the firm to accelerate its initiatives. Notably, the firm has entered into a strategic partnership with Blockstream that will initially focus on the mining operations. 

According to Inge, the direction of Bitcoin is clear, as finance will be disrupted as surely as fossil fuels will. Following the scenario, it seems that the leading cryptocurrency could still go to zero. However, the coin can also become the core of a new monetary system, taking its price to millions.

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Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

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