Dave Ramsey, a financial expert, advises against get-rich-quick schemes and trendy investments like Bitcoin. Despite Bitcoin’s recent surge to over $120,000, Ramsey remains critical, stating it’s not a stable investment. He views Bitcoin as a currency, not an investment, due to its extreme volatility and lack of stability.

Other financial experts, including Charles Schwab and Fidelity, also warn about the risks of investing in Bitcoin. Schwab acknowledges Bitcoin’s rise as a currency but warns of volatility, fraud, and cybercrime. Fidelity presents both “bull” and “bear” arguments for Bitcoin, cautioning against market manipulation and lack of insurance protection.

Read more at Nasdaq: Could Bitcoin Investing Ever Win Over Dave Ramsey?