Suze Orman recommends owning Bitcoin as a speculative asset, highlighting potential price increase.

From Nasdaq Corporation

September 23, 2024 10:00 AM:

Suze Orman believes everyone should own bitcoin, not as a store of value but as a speculative asset. She points to young people’s interest in cryptocurrency as a positive for bitcoin’s future price. Orman recommends investing only what you can afford to lose, suggesting a 5% portfolio allocation to crypto.

Orman’s focus on young people’s interest in bitcoin reflects a trend where millennials and Gen Z investors are as likely to own crypto as real estate. While Orman sees potential for bitcoin’s price to continue increasing, she warns of the risks and advises caution in investing. Cryptocurrency remains a volatile industry with regulatory uncertainties.

Orman’s recommendation to limit exposure to bitcoin aligns with the risk associated with speculative assets. While some see cryptocurrency as a way to wealth, it’s important to consider the volatility and lack of government backing when investing. Orman’s insight highlights the need for careful consideration and risk management in cryptocurrency investments.

Read more at Nasdaq: Suze Orman: 1 Reason You Should ‘Absolutely’ Own Bitcoin