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Seeking Alpha 2021-03-08 13:34:26

Bitcoin roundup: Back over $50K post-stimulus, Norway's Aker wants in

Bitcoin (BTC-USD) fans started the weekend with a reminder of why they got into the crypto in the first place, as the Senate passed a $1.9T stimulus bill, which includes $1,400 checks to be sent out to a majority of every man, woman, and child in the country. That money is to be created with the touch of a few buttons on a keypad.In other news, Norway's 180-year old Aker ASA is setting up Seetee AS to gain exposure to bitcoin. "In Bitcoin speak, we will be hodlers," says Kjell Inge Roekke, Aker chairman and majority owner. Seetee's initial purchase was 1,170 bitcoin.Roekke: "Bit­coin may still go to zero. But it can also be­come the core of a new mon­e­tary ar­chi­tec­ture. If so, one bit­coin may be worth mil­lions of dollars."Bitcoin this morning is at $50.7K, continuing to rally from lows of about $46.5K on Friday.

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