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

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.”

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