During an interview on CNBC, author, entrepreneur, philanthropist and life coach Tony Robbins commented on bitcoin comparing the cryptocurrency to “like going to Vegas.”
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“I think [bitcoin] is very iffy…I look at that as it’s like going to Vegas…I know it is just for fun I’m investing, I know I could lose, this is Vegas,” said Robbins.
Robbins, in his book “UNSHAKEABLE: Your Financial Freedom Playbook,” suggests low-cost index funds as one of the best long-term investments you can make.
Robbins explains that he suggests these index funds because they “take a ‘passive’ approach,” which safeguards you from “all the downright dumb, mildly misguided or merely unlucky decisions that active fund managers are liable to make.”