Scandinavian Investor Pivots: Sells All Stocks and Buys Bitcoin

With the bitcoin price point on the upswing, investors are negotiating opportunities to take advantage of its momentum. This is exactly the pivot Norwegian investor Kristoffer Hansen made. He sold all his stock shares and bought up bitcoin. This move landed him on Friday’s cover of the national newspaper, Dagens Næringsliv. 

Also read: Sweden Sees Record Trading Volume as MP Sundin Joins Bitcoin Exchange BTCX

The paper said that Hansen has been following cryptocurrencies for several years prior to finally putting everything in. A recent publication read, “IT consultant/advisor Kristoffer Hansen from Trondheim has followed digital currencies for five years, and thinks we’re not near the top.” The article quoted him, saying, “I’ve gone all-in and sold all stocks and put it all into bitcoin.”

These types of investor pivot arcs seem to be taking formidable shape as the price indicators for bitcoin continue to point skyward. The market seems to be signaling for a bullish run, and more people like Hansen may continue going “all in” in order to obtain wealth as a result of the digital gold boom. Scandinavian Investor Pivots: Sells All Shares and Buys Bitcoin

Digital Gold Boom: Climate of the Bitcoin Ecosystem

“Digital gold boom” is the most concrete way to portray the current environment. The bitcoin ecosystem appears fattened and invigorated by investor initiatives and individuals looking to adopt and use the currency. However, no one can surmise the true nature of the market course. Nonetheless, interested parties across the globe are starting to eye bitcoin with a near-voracious appetite.

This has all happened in a kind of snowball effect after Japan started accepting bitcoin as a currency within the country. The Moscow Times even ran a beautiful cover piece of bitcoin in a recent edition, indicating their country may head boldly into the direction of crypto adoption. This comes as Russian bankers and heads of State have instigated talks about cryptocurrency use cases and regulations within the country. covered the topic, saying,

Russian bankers released a statement May 26, saying that cryptocurrency should be legalized for circulation. This message comes from German Gref, who is head of the Russian Sberbank. Gref said there needs to be an honest and intelligible conversation about cryptocurrencies, because attempts to ban it have only caused problems in the past.

If countries and businesses and individuals continue to celebrate Bitcoin en masse, it will certainly jar more investors like Hansen into making a similar pivot and embrace the bull ride of the bitcoin boom.

Scandinavian Investor Pivots: Sells All Shares and Buys Bitcoin

Do you see more investors emptying their portfolios to buy up bitcoin? Share your thoughts below!

Images courtesy of Moscow Times, Reddit, Shutterstock

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  • Brian Elwin Pomeroy

    Don’t go all in unless everybody is all in. Assuming the chain can never be broken. Anyway, first rule of investing is diversification. Second rule is recalculate your investments as often as you have nothing better to do, reviewing rule number one as you do.

  • Fred Kodzo

    Yes it is true, you do not have to put all your eggs into one basket. Does this rule still holds water as far as BITCOIN investment is concern? The bitcoin price will still skyrocket and analyst have predicted that it will reach up to 10 million in the next ten to fifteen years to come. So we hav e nt seen anything yet. This is just the beginning.

    • Richard Wiig

      Other analysts have said ten thousand, and a major technological advance elsewhere could hurt bitcoin. The future can be guessed at, but is ultimately unknown. The rule still holds for bitcoin.

    • Leonidas

      “Analysts” are complete idiots.

  • vatten

    When you see this kind of article on mainstream media, you can call the top is around the corner . Remember at 2011 top, Swedish pirate party leader changed all his worth into bitcoin, but sold at 1/10 of its peak value a few months later

  • Leonidas

    I sincerely doubt this person only bought “Bitcoin”. If so he is a fool. I am very bullish BTC but would never dream of using it for a sole vehicle. Media lies .

    • Francisco Rosa

      I think you guessed it.This is called a massive PR campaign.
      Now they want to get the masses into this before they blow the bubble. Just as they did with the internet in 2000 and subprime bubble in 2008.

  • disqus_p05h4KCIG2

    He done right

  • Francisco Rosa

    What if this bubble is being fed by JP Morgan (Rothschild) like all the others-internet, subprime, etc.? What is going to happen?
    Be careful, suckers !