Jim Cramer, Kevin O’Leary and Tony Robbins say its gambling

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Jim Cramer, Kevin O'Leary and Tony Robbins say its gambling


Tony Robbins agrees. Investors should look at bitcoin the same way they do a hand of black jack, he says.

“[Bitcoin] is very iffy,” Robbins says, speaking from the Iconic conference presented by Inc. and CNBC in late September. “I don’t have a clue. I look at that as it’s like going to Vegas.”

His best advice? Only consider investing in bitcoin with disposable income you’d be willing to take to a casino. You might be a winner, but if you lose, it wasn’t your entire retirement savings at risk.

For volatile investments like bitcoin, Robbins says this is his mentality: “I know it is just for fun I’m investing, I know I could lose, this is Vegas.”

Don’t miss: Here’s how much money you need to start investing, according to self-made millionaire Tony Robbins

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