Economist and podcast host Suze Orman is bullish on Bitcoin but said ETFs are the way to go.
Financial adviser Suze Orman, a best-selling author and host of the Women & Money podcast, recently discussed why everyone should own Bitcoin and how the next generation of investors could define the future of cryptocurrency.
Orman’s comments came during a recent interview with her former employer, CNBC. She hosted the Suze Orman Show from 2002 to 2016, which was among the network’s most highly rated finance-oriented programs.
During the interview, Orman bucked the trend set by her contemporaries in the financial advisory industry and recommended that everyone invest in Bitcoin
BTC
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$56,952
In he interview, Orman said:
“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.”
Semi-bullish
While her bullishness extends to having Bitcoin in her own portfolio, she did show some trepidation, stating that she’s only invested via Bitcoin exchange-traded funds (ETFs).
“I don’t think it will ever be a currency or a store of value,” Orman lamented, “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.”
Orman explained that she feels better owning an ETF “because I would never want to see an FTX happen again.” Orman added that she’d “never understand how the wallets work and how if you lose your passcode, you never get it again.”
Ultimately, however, Orman’s message was clear. As she told CNBC, “Everybody should absolutely have exposure to Bitcoin.”
She does, however, caution that holders “gotta be OK with losing that money” and advises that traders only invest as much as they can afford.
