Cryptocurrency Information Bureau News: Norway's Green Minerals accepts Bitcoin! Supports inflation hedging and $12 billion fundraising. #Bitcoin #Cryptocurrency #Norway
Video explanation
Norwegian company turns Bitcoin into "savings"? The future of asset management may be upon us!
Hello everyone! I'm John, your IT friend. Have you been hearing more and more about terms like "blockchain" and "bitcoin" lately? "I don't really understand what they are, but I'm curious..." For those of you who feel this way, I'll be bringing you some interesting news in an easy-to-understand way today!
Breaking News: Norwegian Minerals Company Starts Investing in Bitcoin!
This time, I would like to introduce the story of a company called "Green Minerals" in Norway, a Nordic country. This company actually uses the following as part of their company's funds:Bitcoin (a type of digital currency that can be used on the Internet)Apparently they decided to have one!
Until recently, it may have been unthinkable for a company to hold Bitcoin as an "asset." However, little by little, this trend has been emerging recently.
What kind of company is Green Minerals?
According to the news, Green Minerals is a Norwegian company.Mineral mining company – a company whose job is to extract valuable resources from undergroundSince it has the word "green" in its name, it's possible that they mine using environmentally friendly methods, or that they deal with special minerals that are necessary for technologies that will be important to the global environment in the future, like electric car batteries and solar panels!
Why has a company with such an eye to the future turned its attention to Bitcoin?
What does it mean for a company to own Bitcoin? There are two main reasons!
Green Minerals to add Bitcoin to company assetsFinancial strategy (a plan for managing and using a company's money)There seem to be two main reasons for the announcement of "
- Reason 1: To protect against inflation
"Inflation (short for inflation)"Inflation" refers to the phenomenon in which the prices of goods continue to rise, causing the value of money to decrease in comparison. For example, if a sweet that previously cost 100 yen now costs 120 yen to buy, you could say that the value of money has decreased. Even if a company has a lot of cash, if inflation progresses, the value of that cash may effectively decrease.
So, here comes Bitcoin. Some people consider Bitcoin to be an inflation-resistant asset like gold, due to its characteristics such as the fact that the maximum number of Bitcoins issued is fixed. Green Minerals chose Bitcoin as one way to protect the company's assets from future inflation. - Reason 2: To fund future big projects
Another reason is that12 billion dollars (about 1800 billion yen in Japanese yen! That's a huge amount!)This is to support a fundraising initiative.
Companies need a lot of money to start new businesses or build large factories. They believe that by holding Bitcoin as an asset, the company's financial situation will appear stronger and they may be able to raise large amounts of capital more easily due to expectations for the future.
For beginners! What is Bitcoin anyway?
At this point, some of you may be wondering, "What exactly is Bitcoin?" Here's a simple explanation!
- Digital Money:Bitcoin is a "digital currency" that is exchanged between smartphones and computers. It does not have physical form such as paper money or coins like the Japanese yen or US dollar.
- No need for a bank?A major feature of Bitcoin is that it is not issued or managed by a specific country or central bank (such as the Bank of Japan, which is the guardian of a country's money).Blockchain (a chain-like system that records information and is resistant to tampering and can be monitored by anyone)It is managed by computer networks around the world using a technology called "
- Value changes:The price of Bitcoin, like stocks, is constantly fluctuating depending on the balance between those who want it and those who want to sell it. Therefore, its value can go up or down.
There is still a lot more to understand, but for now, just remember that it is "a new form of money on the Internet, a system that does not rely on countries or banks" and you'll be fine!
What does this news mean for us?
So, what impact does the news that a Norwegian company is holding Bitcoin as an asset have on us?
- Bitcoin reliability improving?Until now, Bitcoin has often been thought of as "somehow suspicious" or "unclear," but if reputable companies start holding it as an asset, more people may start to think, "Oh, maybe Bitcoin is actually trustworthy after all."
- Other companies may follow:If a company like Green Minerals is successful, there may be other companies around the world who think, "Maybe my company should try owning Bitcoin." If that happens, there is a possibility that Bitcoin will become more common.
- New investment options:The time may come when Bitcoin will become a more familiar option for future asset management, not only for companies but also for individuals. Of course, there is a risk that the value may fluctuate, so it is important to understand it well!
This movement has just begun, so it's unclear how it will develop from here. However, it's exciting to see how new technologies and ways of thinking are gradually spreading throughout society!
John's words
It would have been unimaginable just a few years ago that a company would incorporate Bitcoin as a corporate asset. This may be evidence that Bitcoin is gradually being recognized by society, and expectations are being placed on its value and potential. It will be interesting to see what kind of impact Green Minerals' decision will have in the future!
This article is based on the following original articles and is summarized from the author's perspective:
Norway's Green Minerals Announces Adoption Of Bitcoin
Treasury Strategy