The financial expert says the popular cryptocurrency could help you juice your investment returns over time.
, and it's easy to see the appeal for investors. The largest and most widely traded cryptocurrency is up 118% over the past 12 months, andcompared buying to investing in the Iraqi dinar
Berkshire Hathaway Chair Warren Buffett is out, too. Since bitcoin doesn't produce earnings or throw off cash, Buffett once said"Everybody should absolutely have exposure to bitcoin," she tells CNBC Make It."But in case I'm wrong — and I've been wrong — you gotta be OK with losing that money. So put as much money in there as you're OK losing."akin to a precious metal, since, similar to gold, there is a finite amount of it available.
Essentially, Orman's case is that crypto is a speculative asset, one that moves not based on fundamentals but on investor demand, that will continue to attract more speculators. If you're willing to stomach some volatility, she says, you stand to boost the value of your portfolio over the long term. One is only investing what you can afford to completely lose. For many Americans who will rely on their investments to fund their income in retirement, that's not much. Many experts suggest devoting no more than 5% of your investable funds to high-risk assets."I feel better owning an ETF because I would never want to see an FTX happen again.
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