Cryptocurrencies

Norwegian Oil Billionaire Joins the Bets on Bitcoin 

A customer uses a bitcoin ATM in Barcelona.

Photographer: Angel Garcia/Bloomberg
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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.