Suze Orman advises that everyone should definitely own bitcoin for this reason.

Bitcoin's price chart shows its allure to investors, with a 118% increase in value over the past year and astronomical returns since its creation in 2009.

Many old-school investors and finance experts are not interested in robo-advisors.

Dave Ramsey, a financial podcaster, advised against investing in bitcoin due to its volatility, stating that he wouldn't wish such investments on someone he dislikes.

Warren Buffett, the Chair of Berkshire Hathaway, has also expressed his disinterest in Bitcoin, stating that it does not generate earnings or cash flow.

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Suze Orman, a financial expert and host of "Women & Money (and Everyone Smart Enough to Listen)," considers bitcoin as part of her investment portfolio and advises holding some as well.

"She advises CNBC Make It that everyone should have exposure to bitcoin, but if she is incorrect, one should be prepared to lose the money invested. Therefore, it is recommended to put only as much money in bitcoin as one is willing to lose."

Orman's case for holding bitcoin

Crypto investors have multiple reasons for holding popular cryptocurrencies like bitcoin. Some view it as a valuable asset similar to precious metals due to its limited supply. Others see it as a long-term hedge against inflation. Additionally, some investors are attracted to bitcoin's function as a currency and keep it as a backup in case the dollar or other currencies fail.

But Orman isn't interested in any of that.

""As young people earn more money and age, bitcoin will become a popular investment choice, driving its value up. However, I don't believe it will ever be used as a currency or a store of value. Nevertheless, the younger generation's fascination with it and the growing interest in it could cause it to catch fire," she says."

Despite comprising only 41% of the population, millennials and Gen Z own about 70% of cryptocurrencies.

According to Orman, crypto is a speculative asset that moves based on investor demand rather than fundamentals. However, if you are willing to tolerate some volatility, you can potentially increase the value of your portfolio in the long run.

Either you'll lose everything or it'll be worth $100,000 or $200,000 with this investment, she says.

Keep the risks in mind

Orman advises that when investing, it's crucial to consider the possibility of losing your entire investment. To mitigate this risk, she recommends following two guidelines.

Experts recommend investing no more than 5% of your investable funds in high-risk assets for many Americans who will rely on their investments to fund their income in retirement, as they can only afford to completely lose a small amount.

Orman recommends purchasing crypto through a bitcoin spot exchange-traded fund instead of holding it in a digital wallet or through a crypto brokerage.

"I prefer owning an ETF because I don't want to experience another FTX collapse like before. Don't try to convince me it won't happen again," she says, referring to the failed crypto exchange.

Orman says that he still does not comprehend how Bitcoin wallets function and how losing your passcode means you will never recover it.

She can relate to the ease of seeing her investment in a portfolio alongside her stocks, ETFs, and mutual funds, rather than holding crypto in a separate account.

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