Suze Orman Predicts Bitcoin’s Future Rise with Next Generation Investors

According to Cointelegraph: Economist and renowned financial advisor Suze Orman recently expressed optimism about Bitcoin, citing its potential to "catch fire" as the next generation of investors matures. During an interview with CNBC, Orman shared her views on why everyone should own Bitcoin, emphasizing its growing appeal among younger investors.Orman, a best-selling author and host of the Women & Money podcast, diverged from traditional financial advisory perspectives, suggesting that Bitcoin's popularity will increase as younger generations accumulate wealth. She stated, "As younger people make more money and mature, [Bitcoin] will be one of their investments of choice, and that will cause it to go up."Number of identify-verified cryptoasset holders (in millions) from 2016 through June 2024. Source: StatistaA Cautious Approach to Bitcoin InvestmentDespite her enthusiasm for Bitcoin, Orman revealed she invests primarily through Bitcoin ETFs rather than holding the cryptocurrency directly. She highlighted her concerns over the complexity of wallets and the risks associated with losing passcodes, stating, "I would never want to see an FTX happen again."While she acknowledged that Bitcoin might never become a mainstream currency or a universal store of value, she recognized the intense interest it generates among younger investors. Orman believes this "fascination" could ultimately drive significant growth, making Bitcoin a strong choice for future portfolios.Advice for Bitcoin InvestorsOrman emphasized the importance of risk tolerance when investing in Bitcoin, advising that holders should be prepared to lose their investment if the market turns unfavorable. Her key message was clear: "Everybody should absolutely have exposure to Bitcoin," but only within a framework that aligns with personal financial comfort.As younger generations increasingly adopt Bitcoin, financial advisors and investors alike may need to reconsider its role in future investment strategies.