Suze Orman is an American author and investor. Her finance books have been able to rise to the level of New York Times Best Sellers ten times in a row. She has also been added to the Times list of 100 most influential people in the world twice. Other than that, she has also been awarded Emmy Awards twice and also as many as eight Gracie Awards.
She was being interviewed at the NextAdvisor recently. The topic soon turned towards cryptocurrencies, and she was asked if she holds any cryptocurrencies. As a well-known personality in the investment field, her followers need to know her take on digital asset markets. Orman responded that she holds about $5000 worth of cryptocurrencies.
Suzan Orman is not Big on Coinbase, but She Put a Lot of Money into MicroStrategy Shares
According to Orman, her crypto reserves are comparatively smaller. However, she has gone on to raise stakes in crypto with MicroStrategy stocks. She further explained that when she was exploring the digital asset space, the prospect of setting up a Coinbase wallet did not appeal to her. According to her, it was a new technology and a new concept, and without being too complicated, Coinbase felt a much-entangled affair for her.
She further added that MicroStrategy CEO was planning to pour the entirety of the company’s capital reserves into Bitcoin. They have even gone on to sell debts for accumulating more Bitcoin since then. This quality convinced her to buy the stocks in a huge amount. She added that whenever the Bitcoin prices would go up, the stock prices would increase simultaneously. It should be noted that her $5K crypto holdings are also Bitcoins.
The Best-Selling Personal Finance Books Author Claims that Bitcoin could go as Low as $15K
At one point the Orman claimed that due to the decision of China to impose a Bitcoin mining ban it is a high possibility that it would fall to dangerous levels. However, she expressed the conviction that she is not planning to part ways with her Bitcoin holdings any time soon. She further added that it seemed more suitable to her to purchase Bitcoin with PayPal rather than setting up a digital wallet at any crypto exchange.
In the end, she claimed that for her, Bitcoin is one form of investment. It would be a good idea to keep this investment diversification option around for as long as possible. She further added that it would be a great idea to add Bitcoin into the personal investment portfolio. Bitcoin should be used as a trading option for the long term.