Stop using student loan money to buy cryptocurrencies.

That's the assessment from David Bach, founder of AE Wealth Management and panelist on TheStreet's Investing Strategies for Millennials roundtable.

"A lot of millennials are using student loans to buy cryptocurrencies," he said. "In 5 years, 90% of the cryptocurrencies out there will be worth zero."

That said, Bach thinks the underlying blockchain technology "is going to change everything."

Check out our entire millennial investing roundtable here.

 

More from Video

If You Want to Invest in Artificial Intelligence, Here's the One Stock to Buy

If You Want to Invest in Artificial Intelligence, Here's the One Stock to Buy

Economist Perspective: Brexit Endgame in Sight?

Economist Perspective: Brexit Endgame in Sight?

Smaller Cap Stocks Could Make Great Stocking Stuffers Ahead of 2019

Smaller Cap Stocks Could Make Great Stocking Stuffers Ahead of 2019

5 Highly Anticipated Tech IPOs to Watch in 2019

5 Highly Anticipated Tech IPOs to Watch in 2019

Trading Strategies: How to Play the Federal Reserve's Decision Next Week

Trading Strategies: How to Play the Federal Reserve's Decision Next Week