Popular financial advisor Suze Orman says she is a fan of Bitcoin as a possible replacement for gold and cites the value of BTC as a store of value.
I talked about it recently interview With Yahoo Finance, Orman announced that she is a fan of the “universality” of Bitcoin and its newfound support from companies like giants like Tesla and MicroStrategy. Although Orman was positive about the outlook for Bitcoin, he was cautious about the utility of BTC as a potential currency.
She said, “I like the universality of it. I like that it’s just there and the companies that invest in it. I don’t like Bitcoin as a currency. I don’t like it when you buy a Tesla or buy something with it. I like it as a possible replacement for gold, as an investment. “
Orman announced that it invested in MicroStrategy last June and made a profit by selling the stock in February when the price was above $ 1,000.
The financial advisor warned the audience that Bitcoin was “seriously risky,” highlighting the daily double-digit price fluctuations.
She continued, “But I think it’s something that doesn’t hurt people when they pull. Maybe if they lost it, $ 100 a month and personally I would do it through PayPal.”
Orman told the hostess she was a Bitcoin advocate and “loved” that Cathie Wood, CEO of ARK Investment Management, was a fan of BTC.