Bitcoin [BTC] has been encountering obstacles in surpassing the $60K threshold, despite a 1.21% increase in the last 24 hours, with its value standing at $55,224 at the time of writing, as per CoinMarketCap.
Strong Belief in BTC’s Potential by Suze Orman
Despite these challenges, Suze Orman, a well-known financial expert and the host of the “Women & Money” podcast, has recently stressed the significance of including Bitcoin in one’s portfolio.
During an interview with CNBC Make It, Orman highlighted the role that the next generation of investors could play in shaping the future of digital assets.
She emphasized,
“It is crucial for everyone to hold some exposure to bitcoin. Nevertheless, in case I am mistaken—I have been wrong before—you must be willing to accept the potential loss. Hence, only invest an amount that you are comfortable losing.”
This viewpoint is unexpected, given her previous skepticism towards cryptocurrencies.
Bitcoin Ownership Based on Age Categories
However, despite the various reasons cited by many crypto enthusiasts for investing in Bitcoin such as it being a hedge against inflation or a store of value, Orman has a differing viewpoint.
She stated,
“As the younger generation earns more and matures, they will increasingly opt for bitcoin as one of their investment choices, leading to its rise in value.”
She also added,
“I do not believe it will evolve into a currency or a store of value. However, considering the youth’s fascination with it—along with the energy and growing interest—it could potentially gain significant traction.”
This sentiment was reinforced by a recent survey conducted by Triple.A, which disclosed that over 560 million individuals globally hold cryptocurrencies.
The survey revealed that 34% of cryptocurrency holders fell between the ages of 25 and 34. Furthermore, 65% of the global population expressed an interest in utilizing cryptocurrencies for transactions.
Potential for a Bullish Trend in Bitcoin?
Despite the current decline in Bitcoin’s price, several indicators suggest that it might be gearing up for an uptrend.
One significant indicator is the expanding Bollinger Bands, which indicate heightened volatility that could drive the price upwards.
Although Bitcoin was hovering near the lower band currently, indicating a bearish sentiment, a similar scenario was noted a month ago before BTC surged to $65K, hinting at a possible repetition.
Optimism in the Crypto Community
Moreover, Vivek, the founder of Bitgrow Lab, has drawn parallels between Bitcoin’s price movements from 2014-2017 and the ongoing trend from 2022-2025.
He believes that historical patterns point towards Bitcoin gearing up for a forthcoming bullish phase.
Furthermore, CryptoCrypto’s analysis of market sentiment data from IntoTheBlock demonstrated that bulls have been dominant with 13 bullish indicators against 12 bearish signals, painting an overall optimistic picture.
Therefore, If Bitcoin manages to breach the resistance level at $59,993, it could signify the commencement of a bullish trend.
In the words of “The Bitcoin Energy Standard,”
“In the realm of finance, #Bitcoin stands out as the ultimate choice.”