Bitcoin Could See a Surge as New Generation of Investors Comes of Age

Economist and podcast host Suze Orman is expressing strong optimism about Bitcoin's future, though she believes that investing through Bitcoin ETFs is the best approach.

Source: coinmarketcap.com

In a recent interview with CNBC, where she previously hosted the highly acclaimed Suze Orman Show from 2002 to 2016, Orman elaborated on her belief that Bitcoin has significant potential for growth. She discussed the importance of Bitcoin ownership, particularly as the next generation of investors begins to make their mark on the financial world.

Suze Orman, a best-selling author and respected financial advisor, diverged from the conventional wisdom of many of her contemporaries in the financial advisory industry. While some experts remain cautious or skeptical about cryptocurrencies, Orman is decidedly bullish on Bitcoin. She argues that cryptocurrency could become a key asset for investors, and she emphasizes the role of ETFs as a more accessible and safer way for individuals to gain exposure to Bitcoin. Her comments come at a time when interest in cryptocurrencies is surging, and Orman’s endorsement highlights a growing acceptance of Bitcoin among mainstream financial experts. By advocating for widespread Bitcoin investment through ETFs, Orman suggests that the next generation of investors could be pivotal in defining the future of digital currencies. Her perspective offers a forward-looking view of the potential for Bitcoin to play a substantial role in the investment landscape.

Bitcoin Faces Growing Optimism As Investors Show Increased Interest

While Suze Orman is optimistic about including Bitcoin in her investment strategy, she has expressed some reservations, opting to invest exclusively through Bitcoin ETFs. Orman acknowledges her belief that Bitcoin may never fully function as a currency or a stable store of value. However, she recognizes the strong interest and enthusiasm among younger investors, suggesting that this could drive significant growth for the cryptocurrency in the future.

“I don’t think Bitcoin will ever be a currency or a reliable store of value”, Orman remarked. But given the fascination and the energy surrounding it, it could very well catch fire. She emphasized her preference for Bitcoin ETFs over direct ownership, citing concerns about the possibility of a repeat of events like the FTX debacle and her own difficulties in understanding cryptocurrency wallets and passcodes. Despite her cautious approach, Orman’s overall message is clear: she believes that everyone should have some exposure to Bitcoin. She advises potential investors to be prepared for the possibility of losing their investment and recommends that they only invest money they can afford to lose.

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