Speaking in a recent interview with Yahoo Finance, Orman revealed she is a fan of the “universality” of bitcoin and its newfound corporate backing from giants such as Tesla and MicroStrategy. Despite being positive on the outlook for bitcoin, Orman was cautious about BTC’s utility as a potential currency.
I like the universality of it. I like that it’s just there and the corporations that are investing in it. I do not like Bitcoin as a currency. I don’t like it where you’re going to buy a Tesla or you’re going to buy something with it. I like it as a possible replacement for gold, as an investment.
Orman revealed she had invested in MicroStrategy last June and booked a profit by selling the stock in February when the price was above $1,000.
The financial advisor warned listeners that bitcoin was “seriously risky,” and highlighted the daily double-digit price swings.
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