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

Financial advisor Suze Orman, best-selling author and host of the Women & Money podcast, recently shared her thoughts on why everyone should own Bitcoin and how the next generation of investors can shape the future of the cryptocurrency.

Orman’s comments came during a recent interview with her former employer, CNBC. Her program, The Suze Orman Show, ran from 2002 to 2016 and was one of the network’s highest-rated financial-focused programs.

During the interview, Orman criticized the trend set by her peers in the financial advisory industry and encouraged everyone to invest in Bitcoin.

Quote from the CNBC interview:

“As younger generations earn more and more money as they get older and develop, [Bitcoin] will be one of their top investments, leading to another run in Bitcoin.”

Semi-bullish

While her optimism extends to holding Bitcoin in her portfolio, she has expressed some apprehension, saying she only invests through exchange-traded funds (ETFs).

“I don’t think Bitcoin will ever become a currency or a store of value,” Orman laments, “but because young people are interested in it — and you see the potential — a significant number of people have an affinity for it,” she adds, “it could very well get busy eventually.”

Number of cryptocurrency owners with verified identities (in millions) from 2016 to June 2024. Source: Statista

She also explained that she feels more comfortable owning an ETF “because I would never want something like that to happen to FTX.” Orman also noted that she “will never understand how wallets work and that if you lose your password, you’ll never get it back.”

Ultimately, Orman’s message was clear. As she explained in an interview with CNBC, “Everyone should have access to Bitcoin.” However, she cautions that owners “should be prepared to lose that money,” and still recommends that traders invest only as much as they can afford.