American financial adviser Suze Orman said that she likes Bitcoin. She offered some suggestions on how to invest in cryptocurrency every month, and pointed out that she prefers to buy bitcoins through Paypal’s crypto service, because the payment giants already do this easily.
Suze Orman loves Bitcoin
Suze Orman said in a Yahoo Finance interview published on Friday that she likes Bitcoin. In this interview, she shared her Bitcoin investment strategy and provided listeners with advice on how to start investing in cryptocurrencies.
She founded Suze Orman Financial Group in 1987 and hosted the Suze Orman Show on CNBC from 2002 to 2015. She has written the “New York Times” best-selling book on personal finance for 10 consecutive years, and was named the 100 most influential people by “Time” twice. In addition, she has won two Emmy Awards and eight Gracie Awards. In 2016, she was appointed as a personal finance educator for the U.S. Army and Army Reserves.
Auman was asked on Friday: “What do you think of Bitcoin?” She quoted her recent podcast dedicated to cryptocurrency and replied:
I love Bitcoin. I like its universality.
She elaborated: “I like the company it is there, and I am investing in.” However, the TV presenter, who has won two Emmy Awards, added: “I don’t like Bitcoin as a currency. I don’t like being with you. I want to buy Tesla or use it to buy things. I like that it can be used as a substitute for gold, as an investment.” Recently, Elon Musk’s electric car company Telsa said that it will Soon it began to accept BTC as a payment method for its products.
Orman further revealed: “I personally played Bitcoin through Microstrategy. Last June, I bought Microstrategy for approximately $125 per share.” She explained: “The CEO has something,” Michael Sayler (Michael Saylor thought, “This person makes a lot of sense to me.” Since last August, MicroStrategy has been buying Bitcoin. As of March 5, the company held approximately 91,064 bitcoins.
“I ride it [Microstrategy] All the way up, I sold it. I think the stock price last week was about $1,000 per share, because I don’t want Bitcoin to rise for the first time, while micro strategies are falling. “Orman said.
Suze Orman’s Bitcoin investment advice, buy cryptocurrency through Paypal
Orman continues to provide some advice on cryptocurrency investment. She warned that investing in Bitcoin brings risks.
She began to say: “I told the audience and everyone that Bitcoin has serious risks.” “I will not invest in Bitcoin with losses that I can’t bear, because fluctuations will not only go to one or two points a day. They will be valued every day. 5,000 dollars. It will rise by 7%, drop by 10%, everywhere.”
Nonetheless, she suggested, “But I think if someone loses $100 a month, it will not hurt people.” The personal finance guru further believes:
I personally would do this through Paypal, because Paypal makes it so easy, and it’s not that big hit in terms of commissions. It is about 1.5%, 2%, depending on your monthly investment amount.
She emphasized: “I happen to like Bitcoin, and I really like the premise behind it. I really like Cathie Wood’s love for Bitcoin. I like it very much.” Wood is a member of Ark Investment Management. Founder and CEO.
Many people on Twitter are surprised to hear Oman say that she loves Bitcoin. A user tweeted: “I won’t lie, I didn’t see this coming.” Another commenter said: “I will archive under “Headlines I didn’t expect in my life”.
As for using Paypal to buy bitcoins, many bitcoin players have expressed some concerns about the encryption services of the payment giants. Although some users complained about this service, many Bitcoin supporters warned that cryptocurrencies purchased through Paypal could not be transferred from the platform, emphasizing that “not your keys, but your coins”.
The terms of the Paypal encryption service are as follows: “You cannot currently send encrypted assets to family or friends, cannot use encrypted assets to purchase goods or services, nor can you withdraw encrypted assets from your cryptocurrency center to an external cryptocurrency wallet. “If you want to withdraw value from your cryptocurrency center, you will need to sell your crypto assets and withdraw cash proceeds from the sale.”
What do you think of Suze Orman’s proposal for Bitcoin? Let us know in the comments section below.
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