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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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  • NFT
    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

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    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

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    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

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    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

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    Elite Footballers Named in $3.4 Million Crypto Fraud Case

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  • Guides
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    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

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    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

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    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

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    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

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    Elite Footballers Named in $3.4 Million Crypto Fraud Case

    Floki Inu Makes FlokiTars NFT Key to Unlocking Valhalla

    Floki Inu Makes FlokiTars NFT Key to Unlocking Valhalla

  • Gaming
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    Games That Feature the Dogecoin Meme Pup

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

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    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

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    Dogecoin Got Game, FIFA Rivals Launches

    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    Why are big games building on Avalanche instead of Ethereum?

    Why are big games building on Avalanche instead of Ethereum?

    NFT – what is it and why is it needed?

    NFT – what is it and why is it needed?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

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  • Guides
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    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Bitcoin

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

September 9, 2024
in Bitcoin
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Peter Schiff criticizes Bitcoin amidst price blow: ‘The momentum has turned’
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Avatar

Journalist

Posted: September 10, 2024

  • 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.

TripleA

Source: TripleA

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.

Demographics

Source: Triple.A

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.

See also  Marathon Digital leverages dual strategy to surpass mining goals and boost Bitcoin reserves

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.

BTC/USDT

Source: TradingView

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.

Vivek

Source: Vivek/X

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.  

Source: IntoTheBlock

In the words of “The Bitcoin Energy Standard,” 

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

Next: Arbitrum price shows bullish momentum after breakout from THIS pattern

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

Avatar

Journalist

Posted: September 10, 2024

  • 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.

See also  Bitcoin, Ethereum: Two levels where a swing trade could be profitable

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.

TripleA

Source: TripleA

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.

Demographics

Source: Triple.A

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.

See also  Over $1 billion in Bitcoin moved to exchanges - Here's what's going on!

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.

BTC/USDT

Source: TradingView

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.

Vivek

Source: Vivek/X

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.  

Source: IntoTheBlock

In the words of “The Bitcoin Energy Standard,” 

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

Next: Arbitrum price shows bullish momentum after breakout from THIS pattern
Tags: BitcoinCatchFireOrmanSuze

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