Personal finance expert Suze Orman likes Bitcoin.

Not as a currency, but as a long-term investment, the bestselling author told CNBC’s “Power Lunch” on Monday.

Back in April, she said she told the listeners to her podcast, Women & Money (And Everyone Smart Enough To Listen), “Any money you can afford to lose, I have no problem with you in Investing Bitcoin. “

She still gives that advice but warns of the possibility it could plunge back to its May lows of around $ 30,000 or even $ 26,000.

“You have to keep it up for the long haul,” said Orman, author of The Ultimate Retirement Guide for 50+.

Bitcoin has risen sharply in recent years and has received some support from the mainstream from corporations and big banks. However, it is a volatile investment that has led many financial experts to caution private investors looking to get on board.

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Currently, 14% of financial advisors use or recommend investing in cryptocurrencies, a recent poll by the Financial Planning Association and the Journal of Financial Planning found.

Orman believes it’s a legitimate investment over time, in part because large corporations have poured hundreds of millions of dollars into it.

In addition, American youth like it, she said.

“You really need to confirm where you are going.”

Bitcoin’s volatility can be evidenced by its spike following statements by Tesla CEO Elon Musk, who said on Sunday that the electric vehicle maker will accept Bitcoin transactions again in the future. Prices continued to rise on Monday after billionaire hedge fund manager Paul Tudor Jones told CNBC he prefers Bitcoin.

When Musk tweeted in May that Tesla was suspending vehicle purchases with the cryptocurrency, the price fell about 5% in minutes.

“I don’t like that a man can come out and say something and it controls the market,” Orman said.

She also doesn’t like the fact that cyber criminals typically charge Bitcoin in ransomware attacks.

Read more about cryptocurrencies from CNBC Pro

“Will the government step in and start regulating it and everything?” said Orman.

“I don’t know, but I still think in the long run … it’s a place to put in some money and just leave it, but not by much.”

If you’re not keen on investing in Bitcoin or any other cryptocurrency, there are other ways to get involved. There are companies that invest in Bitcoin or related technologies.

For example, Orman bought MicroStrategy, which invests in Bitcoin, in June 2020 for $ 125 per share and later sold it for $ 1,030 per share.

She also likes payment company Square, which bought $ 170 million worth of bitcoin in February. Earlier this month, CEO Jack Dorsey said the company was considering building a hardware Bitcoin wallet.

“There are other ways to play it than just buying the crypto itself,” Orman said.

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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.