Bitcoin

Financial adviser Suze Orman, a best-selling author and host of the Women &amp; Money podcast, recently discussed why everyone should own Bitcoin and how the next generation of investors could define the future of cryptocurrency.&nbsp;
Orman’s comments <a data-ct-non-breakable="null" href="https://www.cnbc.com/2024/09/08/suze-orman-says-everyone-should-absolutely-own-bitcoin.html" rel="null" target="null" text="null" title="null">came</a> 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.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-companies-will-buy-10-3-b-in-bitcoin-over-next-18-months-btc-analyst" rel="null" target="null" text="null" title="null">US companies forecast to buy $10.3B in Bitcoin over next 18 months — Report</a>
During the interview, Orman bucked the trend set by her contemporaries in the financial advisory industry and recommended that everyone invest in Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>).&nbsp;
In the interview, Orman said:
<blockquote>
 “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.”
</blockquote>
<h2 id="semi-bullish">Semi-bullish</h2>
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).&nbsp;
“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.”
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 <img alt="Bitcoin ‘could very well catch fire’ as next generation of investors mature" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191d34c-7d52-772b-a6d9-cb19bfbe4c9b">
 <figcaption style="text-align: center;">
 The number of identify-verified crypto asset holders (in millions) from 2016 through June 2024. Source: Statista
 </figcaption>
</figure>
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.”
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/el-salvador-bitcoin-three-years-anniversary" rel="null" target="null" text="null" title="null">El Salvador marks 3 years of Bitcoin adoption with $31M profit</a>
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.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoiners-all-in-trump-since-bitcoin-2024-getting-risky/" rel="null" target="null" text="null" title="null">Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky</a>

Bitcoin ‘could very well catch fire’ as next generation of investors mature

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Cointelegraph

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