- Suze Orman claims that even if BTC dips to $12,000 she won’t sell “no matter what”.
- The personal finance advisor made the comments in a recent interview.
- Also, Orman revealed that she previously invested in MicroStrategy
Ten-time New York New York Times bestselling author Suze Orman recently reaffirmed her love for Bitcoin. The author declared her resolve to hodl even if the top crypto dips as low as $12,000.
The author made the comments in a recent interview with NextAdvisor stating,
I think it’s absolutely possible that it could go down from $32,000 or $34,000, which it is today, back down to maybe even $12,000 or $15,000, but if you’re going to buy Bitcoin you buy it and you keep it now for a long long time. I just don’t see Bitcoin as that you buy it and then it goes up you sell it and then it might continue to go up and then you missed out on it… I don’t plan to sell even my little amount no matter what.
Suze Orman is an American financial advisor who has authored several personal finance books. Orman is also a two-time Emmy winner and has been on the Time 100 most influential people list, twice.
The popular financial advisor chronicled her bitcoin journey. She retold how she invested in MicroStrategy thanks to Michael Saylor’s bullish BTC stance. Orman claims that she found it easier to gain Bitcoin exposure through MicroStrategy as she found crypto exchanges like Coinbase hard to use.
The financial expert says MicroStrategy put 100% of its working capital into BTC at that time. As a result, she reasoned that if BTC price went up so would the firm’s share price. Adding to that, Orman disclosed that she bought the stock at $125 per share and sold at $1030. Also, she revealed that in the end, she managed to buy some BTC thanks to PayPal.
Orman also spoke about China’s recent anti-bitcoin policies and how they have affected the market. She added that she is concerned that the US will follow suit and also clamp down on Bitcoin.
The financial advisor concluded by calling BTC “seriously speculative investment” that one shouldn’t invest in unless they can afford to lose their money.