Seen as a store of value asset! U.S. financial guru on BTC: "I don't like spending Bitcoin"

Bitcoin has once again received recognition from a prominent figure in traditional finance. Suze Orman, often referred to as the "Queen of Personal Finance" in the United States, recently stated in an interview that she personally views Bitcoin as a store of value, a substitute for gold, and also shares the optimistic view on Bitcoin expressed by the "Queen of the Stock Market" Cathie Wood.

Who is Suze Orman?

Suze Orman is a well-known female financial expert in the United States. She has previously worked at Merrill Lynch and Prudential, and has since published dozens of financial books. She also hosted the financial program "The Suze Orman Show" on CNBC.

Additionally, her books have dominated the New York Times bestseller list for ten consecutive years, and she has been named one of Time magazine's 100 most influential people twice. During an interview with Yahoo Finance on the 7th of this month, she explained why she likes Bitcoin.

I Don't Like Spending Bitcoin

Suze Orman views Bitcoin as a store of value asset rather than a potential replacement for fiat currency. She stated:

I like its ubiquity, with various companies investing in Bitcoin. I don't like to use it as a currency; I don't want to pay with Bitcoin when buying things, like buying a Tesla. From an investment perspective, I tend to see it as a potential alternative to gold.

Betting on MicroStrategy Stock

Orman revealed that she invested in Bitcoin through MicroStrategy. She bought MicroStrategy in June last year at around $125 per share, which was almost at the beginning of its rise. She said:

Last June, I firmly entered MicroStrategy at a price of $125 per share. I held onto it until I exited last week, as it was the first time Bitcoin rose, while MicroStrategy fell. I exited at around $1,000.

MicroStrategy has been rising since June last year, reaching a historic high of $1,315 in February this year, but similar to Tesla's trend, it has recently dropped to $624.

Volatility Remains the Main Risk

Despite her optimism, Orman believes that Bitcoin's extreme volatility remains the main risk. She pointed out:

What I would tell everyone is that Bitcoin is extremely risky. Its daily fluctuations are not just a drop of one or two points; it could drop by $5,000, rise by 7%, and then fall by 10%, or even more. I wouldn't invest in Bitcoin with funds that I can't afford to lose.

However, Orman believes that this should not deter people from participating, even investing $100 is feasible. She suggests that the public can invest in Bitcoin through PayPal, which recently introduced cryptocurrency trading services.

Orman emphasized her admiration for Ark Invest founder Cathie Wood's views on Bitcoin.

While Orman's influence may help the public understand Bitcoin, some in the community criticize her for lacking sufficient knowledge about Bitcoin and point out that the platform most suitable for the public to invest in Bitcoin is not PayPal, but Square's payment application Cash App.