Why Suze Orman Thinks “Everyone Should” Own Bitcoin

Suze Orman, personal finance expert and podcaster, has a message for investors: buy more Bitcoin. Her position puts her at odds with many of her peers in the financial advisory world.

“Everyone should absolutely have exposure to Bitcoin,” Orman said in a recent CNBC interview. But she was quick to add a caveat: “Put as much money in there as you’re comfortable losing.”

Orman’s endorsement comes as Bitcoin has doubled in value over the past year to $57,756. The surge in cryptocurrency prices has reignited debate about its role in investment portfolios.

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Unlike some proponents of Bitcoin, Orman does not see it as a hedge against inflation or a replacement for traditional currency. Instead, she is betting on its appeal to younger investors.

“As young people earn more money and mature, Bitcoin will be one of their preferred investments,” Orman said. Her view aligns with recent CNBC data showing that millennials and Gen Z make up 70% of cryptocurrency holdings.

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Orman’s stance contradicts the views of some well-known financial figures. Perhaps most notably, Berkshire Hathaway CEO Warren Buffett has rejected Bitcoin, saying he won’t pay $25 for the entire world’s supply. Another well-known financial advisor, Dave Ramsey, compared investing in cryptocurrencies to speculating on volatile currencies.

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Despite the notice, Orman remains cautious. She prefers to invest in Bitcoin through exchange-traded funds (ETFs) — approved by the SEC earlier this year — rather than owning it directly. The approach, she says, offers more safety and simplicity.

“I feel better about owning an ETF because I would never want to see an FTX happen again,” Orman said, referring to the high-profile collapse of the crypto exchange.

Orman’s advice comes with clear caveats. She sees Bitcoin as speculative, telling investors to be prepared for volatility. “This is an investment that you’re either going to lose everything or let it run until it’s worth $100,000 or $200,000,” she said.

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Financial experts often suggest limiting high-risk assets to no more than 5% of your investment portfolio. Orman’s approach aligns with the conservative position of investing only in what you can afford to lose.

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As cryptocurrencies continue to gain mainstream attention, Orman’s perspective offers a middle ground between outright rejection and unbridled enthusiasm.

“Because the younger generation has a fascination with it — and you see the energy — a lot of people (have) an interest in it. Eventually, it could very well catch fire,” she told CNBC.

Her nuanced position reflects the landscape facing investors today as they navigate the potential risks and rewards of digital assets.

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This article Why Suze Orman Thinks “Everyone Should Absolutely Own Bitcoin” originally appeared on Benzinga.com

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