Suze Orman: Bitcoin could ‘could very well catch fire,’ but there’s a catch

• Bitcoin struggled at $60K, but indicators suggested a potential bull run.
• Suze Orman highlighted Bitcoin’s future potential despite current price challenges.

Bitcoin [BTC] has been facing challenges in breaking past the $60K barrier, despite a 1.21% gain in the last 24 hours, with its price at $55,224 at press time, according to CoinMarketCap.

Suze Orman believes in BTC’s potential

Despite these struggles, renowned financial advisor and host of the “Women & Money” podcast Suze Orman recently emphasized the importance of owning Bitcoin.

In an interview with CNBC Make It, Orman highlighted how the next generation of investors could play a pivotal role in shaping the future of cryptocurrency.

She said, 

“Everybody should absolutely have exposure to bitcoin. 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.” 

It’s surprising, given that she’s one of the crypto skeptics.

Age-based Bitcoin ownership

However, while many crypto enthusiasts cite a variety of reasons to hold Bitcoin, such as it being a store of value or a long-term hedge against inflation, Orma holds a different view. 

She says, 

“As younger people make more money and mature, [bitcoin] will be one of their investments of choice, and that will cause it to go up.” 

She further added, 

 “I don’t think it will ever be a currency or a store of value. But because the younger generation has a fascination with it — and you see the energy — a whole lot of people having interest in it, eventually it could very well catch fire.” 

This sentiment was further supported by a recent survey from Triple.A, which revealed that over 560 million people globally own cryptocurrencies.

The survey highlighted that 34% of cryptocurrency owners were between 25 and 34 years old. Additionally, 65% of the global population expressed a desire to use cryptocurrency for payments.

Is Bitcoin’s bullish momentum possible?

That being said, despite Bitcoin’s current price decline, several indicators suggest it may be preparing for a bull run.

One key indicator is the widening Bollinger Bands, which signals increased volatility that could drive the price higher.

Although Bitcoin was resting near the lower band at press time, suggesting a bearish trend, a similar pattern was observed a month ago before BTC surged to $65K, hinting at a potential repeat.

The crypto community thinks so

Additionally, Vivek, founder of Bitgrow Lab, has drawn parallels between Bitcoin’s price patterns from 2014-2017 and the current trend from 2022-2025.

He believed that these historical patterns indicate Bitcoin is poised for an upcoming bull run. 

Additionally, AMBCrypto’s analysis of IntoTheBlock data on market sentiment showed that bulls have dominated with 13 bullish signals compared to 12 bearish ones, indicating a bullish trend overall.

Hence, If Bitcoin can break through the resistance level at $59,993, it could signal the start of a bull run.  

In the words of “The Bitcoin Energy Standard,” 

“In the matrix of finance, #Bitcoin is the only real choice.”