Bitcoin ‘could burn well’ as next generation investors mature
Financial advisor Suze Orman, best-selling author and host of the Women and Money podcast, recently discussed why everyone should own Bitcoin and how the next generation of investors will define the future of cryptocurrency.
Orman's comments came during a recent interview with her former employer, CNBC. Her segment, The Suze Orman Show, ran from 2002 to 2016 and was one of the network's top-rated finance-oriented programs.
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During the interview, Orman highlighted the trend set by the financial advisory industry in her day and suggested that everyone should invest in Bitcoin.
In an interview with CNBC:
“When young people make more money and mature, [Bitcoin] It will be one of their preferred investments, which will make it go up.
Partially bullish
Her bullishness has gone as far as putting Bitcoin in her own portfolio, where she has shown some concern, stating that she only invests in Bitcoin ETFs.
“I don't think it's going to be a currency or a store of value, but because the younger generation is interested in it — and the energy — a lot of people are interested in it,” she added.
Number of identified and verified cryptocurrency holders (in millions) from 2016 to June 2024. Source: Statista
She then explained that she feels better owning the ETF because she “doesn't want to see FTX happen again.” “You never understand how wallets work and that if you lose your passcode, you'll never get it back,” Orman added.
Related: El Salvador Celebrates 3 Years of Bitcoin Adoption with $31M Profit
But in the end, Orman's message was clear. As she told CNBC, “Everyone needs to be exposed to Bitcoin. However, she cautions that holders should be “safe to lose the money” and advises traders to invest as much as they can.
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