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Financial expert Suze Orman highlights Bitcoin’s potential to explode as the next generation of investors makes more money and matures, propelling it into mainstream portfolios.
Bitcoin Poised to Grow as Next Generation Matures
The Women & Money podcast and best-selling author and financial advisor Suze Orman recently spoke on the importance of Bitcoin for all people to possess and how the next generation of investors will shape the cryptocurrency market.
Orman made these remarks in a recent interview with CNBC, where she had previously worked. From 2002 until 2016, she was host of the highly regarded Suze Orman Show, a financial program on the network.
Orman Defies Traditional Advisors on Bitcoin Investments
As reported by Cointelegraph, Orman went against the grain of her other financial advisors during the interview by suggesting that everyone put their money into Bitcoin.
As stated by Orman in the interview:
“As younger people make more money and mature, [Bitcoin] will be one of their investments of choice, and that will cause it to go up.”
Bitcoin ETFs Provide a Safer Route for Skeptical Investors
Although she is positive about Bitcoin and has it in her own portfolio, she expressed some concern by saying that she has only invested in Bitcoin ETFs.
“I don’t think it will ever be a currency or a store of value,” Orman bemoaned, “but because the younger generation has a fascination with it — and you see the energy — a whole lot of people having interest in it,” she added, “eventually it could very well catch fire.”
As Orman put it, "because I would never want to see an FTX happen again," she is more at peace with her ETF ownership. And Orman continued, I'll “never understand how the wallets work and how if you lose your passcode, you never get it again.”
Orman Advises Caution When Investing in Bitcoin
But in the end, Orman's point was obvious. According to her interview with CNBC, "Everybody should absolutely have exposure to Bitcoin." But, she warns that holders "gotta be OK with losing that money" and that traders should only put their own money into investments.
