MW Suze Orman says bitcoin is a 'place to put some money and just leave it'
By Mark DeCambre
Suze Orman might as well add laser eyes to her Twitter handle, as the new crypto social-media dictates.
The celebrity financial adviser on Monday, during a CNBC interview, suggested that bitcoin should be included in the mix of a sound investing portfolio.
Orman told the business network that, "it's a place to put some money and just leave it," referring to the world's No. 1 crypto. This isn't the first time that Orman has waxed bullish on bitcoin and its like.
The money guru back in March told Yahoo Finance , which has become a default proxy for the performance of bitcoin due to its frequent purchases of the digital asset on its balance sheet. She said then that she wouldn't be investing in bitcoin, a highly volatile asset, unless she had money to lose.
Her comments on Monday come as bitcoin breached $40,000 for the first time in about three weeks, with crypto enthusiasts crediting a tweet from Tesla Inc.$(TSLA)$ CEO Elon Musk for part of the boost to the digital asset.
At last check, bitcoin was trading up 4% at $39,949 on CoinDesk and has gained 36% so far in 2021.
By comparison, traditional investments have seen strong returns but not close to some of the best performing cryptos. The S&P 500 index booked its 29th record closing high of 2021 on Monday and is up over 13% during the period, while the Dow Jones Industrial Average has climbed more than 12% and the Nasdaq Composite , which scored its first record close since April 26, is up 10% thus far in the year.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
$(END)$ Dow Jones Newswires
June 14, 2021 17:50 ET (21:50 GMT)
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