Mate, those XRP guys, they're

dreaming. It's unrealized capital gains tax.

Now, very little is being said about this new tax

because mainly people don't understand how

Everyday Australians are going to have to pay more and you're

now going to have less in your retirement. That's

the simple maths of it. And if you think it doesn't apply

to you, then you better wake up because it's the most ludicrous tax

we've ever seen. This is a theft of our

retirement savings and we need to stand against it. I'm Matthew Fraser

and this is Crypto Collective. After making millions with Amazon

and e-commerce, I realized that if I was starting again

today, crypto would be my first choice. I'm here

to help you take your first steps and build real wealth. Ready

to set yourself up for life? Let's go. Hey

guys, welcome to Crypto Collective. Today's reaction, as you know,

I love doing these, right? Because I love the feedback that

you give me, particularly when you don't like it. Particularly

the XRP army. Come and get it. All right, let's

The world's richest man and the world's most powerful man are having a

Of course they're having a nasty breakup in public, but is this

all staged? I actually heard the other day, this could be a psy-op.

It's not actually real. These guys actually do love each

other. But now we see Elon's perhaps

and it's all over money. Elon Musk was Trump's largest donor

in 2024, giving over $288 million to

Republicans. In return, Trump tapped him to run the new government

Well, let me just say, first of all, DOGE, I thought that was a brilliant idea, getting

rid of all the government waste. Remember seeing all the stuff that was

happening? There's people that were getting paid to do the most

outrageous things or like putting like these, in like pride

monuments up in like Kiev and all this kind of rubbish, right?

That was a good initiative. In fact, I wish they'd do it in Australia. Let's

do a petition on that. Doge for

Elon once said that he loved Trump as much as one straight man could love

another. But Elon's dream of slashing $2 trillion from

the budget, dead on arrival. Then came Trump's one big beautiful

bill, a $5 trillion debt bomb that blew up Elon's

You know what? We knew this was coming though. Although

we thought, yeah, cut all the waste, the big beautiful bill

though was guaranteed to increase the debt. And

that is ultimately why we Bitcoin.

Money printing is going to happen. There's no end

Oh, 10,000 XRP for one Bitcoin. Now, 10,000 XRP.

Jeez, what is XRP currently worth today? Let's have a

look. XRP today is currently $2.26 USD.

Yeah, how much did

he say? Did he say 10,000 XRP? 10,000 XRP times 2.26, $22,600. Sounds

awesome. Now. She said though. It's gonna go to what

you say like like billions So let's just

say 1 billion divide 22,000 It

would have to 45X from today to

get to even $1 billion of 10,000 XRP.

Mate, those XRP guys, they're dreaming. All right, let's check this out,

guys. What is the highest point that XRP has

ever gotten in its whole entire life cycle? And

it's been... It's

about $5.46 AUD on

So it's about $3.50, let's

say, USD, right? That's the highest point XRP

has ever gotten. And it's now down to about $2.26 USD.

Mate, this thing's never going to pump ever again. I don't know

what people are thinking. Somehow it's going to achieve this, like, mass

We want our fellow Americans to know that crypto

and digital assets, and particularly Bitcoin, are part

of the mainstream economy and are here to stay. It's one

of the reasons why we started the Bitcoin Reserve, because

we want to start to put in motion the

strategic importance of Bitcoin for the United States government.

Well, the first thing I want to say is

Bitcoin doesn't need any politician. As

much as I love JD Vance, Bitcoin was already going

up and to the right well before Trump and JD Vance got

involved in Bitcoin and strategic reserves. Do

I think, though, that a strategic reserve will benefit the

US? Absolutely, right? That's why so many

states, including three right now, we've got New Hampshire, we've

got Arizona, and now Texas, have all adopted a

strategic reserve from a state level, because they

know the power of Bitcoin. But the question is,

will Australia adopt a Bitcoin strategic reserve?

And I'm sorry to say, but by the looks of Albo and Chalmers who

are trying to just tax us into the bejesus right now, it's

not looking good. I don't think they're up to speed on the power of

Bitcoin profits will be tax-free under a new court ruling and

even better, tax paid on crypto gains for the

last bunch of years could be refunded by the ATO. So it

Look guys, I've seen this already. This information is

now a few weeks old. The fact that Bitcoin

could be treated as an asset that does not incur capital gains tax.

But the thing is though, right now you've got labor who are bringing in the unrealized capital

gains tax on superannuation. The ATO is targeting so

many people right now to make sure they pay their fair share of taxes. There's

no way right now that I see that the ATO changes

their rules and allows Bitcoin to be

capital gains tax-free, certainly not without a

huge fight. But you know what? I absolutely hope

it does. Hey, just quickly, if you're ready to dive deeper into crypto

and Bitcoin and build real wealth, join my free

crypto collective community. It's where I share exclusive insights

and strategies and live discussions to help you succeed, whether

you're a beginner or scaling your portfolio. Click on the

Very few people know about the policy of the Labor Party

in terms of taxing super balances over $3 million. The argument is,

well, if you've got a super fund and you've got over $3 million against your members

fund, you're doing all right. Or the legislation was in two parts. Any earnings over

$3 million should be taxed at 30%. Most people that actually do have

good balances would say, that's not unfair. I'm happy with that. But the hidden danger there.

Hang on a second. Let's just stop Chris right there. He just said that

most people would say that increasing the tax from 15% to 30%, most people would

say, oh, that's OK. That's not OK. It's absolutely

not OK. We're sort of just like, oh. You know what it is? It's that

frog in the hot water, right? It's like, we'll

just put a little bit in. It's 15% now. Then it's 30%. Oh, that's OK. Next thing you know, it's

40%. Oh, that's OK. It's 40%. Next thing you know, it's 50%. Oh, that's OK. Chris,

come on, mate. Stand up for the working people

of this country, the wealthy people of this country, because you

know that in time, everyone's going to get sucked into this unrealized capital

gains tax and increased taxes on their superannuation. What

I'm calling for right now, and I've started my very own petition, which

is, how about this? A novel idea. 0% tax

earnings, unrealised gains in that super fund over three million will be

taxed as well. So for example, you've got three million dollars in your super fund and

it's all in property and that property's been paying rent and then there's a bit of a

surge and that property goes up and it's worth four million dollars. Taxman says, oh

good, here's a bill for three hundred grand because the gain went up a million dollars. That's

the danger and you say, well yeah, they're fairly wealthy people, they can

afford it. But when you do the maths on that, there are plenty of ways to

actually get around that. The amount of tax that's going to be collected is minimal

in my view. If the Labor Party get re-elected, I I can absolutely guarantee you

Well, he's talking about day one, if the Labor Party

does not get re-elected. The liberals and

nationals together are already now opposing this unrealized

capital gains tax. But I hope that

they also, if the 30% tax comes in, they say, you know what, that was

too much, too. Let's reduce it back down. I have a sneaky suspicion, though,

that they probably won't do that. And that's why I've always said, when

a tax comes in, it's very hard for politicians to

want to wind back the taxes, because they just get so used to the money. And

they start spending it like drunken sails on just absolute rubbish. It's

unrealised capital gains tax. Now very little has

been said about this new tax because mainly people don't understand

Well, we do understand how it works, because I've been talking about it for a long time now. We understand

that you, everyday Australians, are going to have to

pay more, and you're now going to have less in

your retirement. That's the simple maths of it. And if

you think it doesn't apply to you, then you better wake up, because there's

absolutely no reason why future governments will

start bringing down the threshold. Right now, it's above $3 million. What's

the saying in five years' time? It's above $500,000. or

even a million, right? Even people today in their 20s, by the time they

retire, will have over $3 million in their super fund. You will

have to pay more in taxes. Is that even

and it's had a 4% increase in value. Under El

Benidi's plan, you have to find the cash to pay tax on that

$40,000 increase in value. An increase in value, I

might add, that you've never actually seen, because you

haven't sold the house, you still live there, it's just that the value of

It's the most ludicrous tax we've ever seen. Even Paul Keating

is against it. Even former Labor MP Bill

Kelty is against it. Which is interesting because many,

this is the thing, many politicians, bureaucrats, and

judges, they're exempt from Labor's unrealized

capital gains tax on superannuation. This is a theft of

Unrealised capital gains tax is an outrageous tax. Very unfair,

very un-Australian. We're not a third world country. We're not that desperate for

tax collections. There are better ways to collect tax. I can

come up with three or four off the top of my head very quickly, certainly around

speculation and money just flowing all over the place and doing

nothing. A much better way to tax than retrospective unrealised

capital gains tax complete. outrageous. Australia needs

to have a proper tax policy, a proper superannuation policy, start

bringing fairness back into every discussion and start bringing

You've got to watch that one though. You've got to watch the fairness talk, right? The

fairness talk is Jim Chalmers likes to spout that line. You

got to make it fair for everybody, right? Which is code for

take from those who have more than you, right? And guess what? There's

always somebody that's got more than you, right? It's total, it's

communist socialist type mentality, which I absolutely despise.

What's interesting though, as I saw on TikTok the other day, there were

people who now have a socialist party in Australia. These

are these young people who are all gathering around together saying, oh yes, we're

so hard done by. You've got to take responsibility for your

own actions. There's no excuse these

days to be poor. Okay? No

excuse to be poor. So simply, you just have to

Without those elements, we get this Krogmeier debate.

And that's where we are. And it's very disappointing. I

don't know what foreigners think when they look at this. They must look at this and go, well, it

really does present as a country which

Well, Labor does have a plan right now. The plan is to tax more from you,

right? But on a serious note, Albo and

Chalmers are putting together a roundtable this last

part of the year, about September. And they want to get all these stakeholders together.

And it's like one of those talk fests where they get people around and

they just talk about policy, right? Because it's tax reform. But

Labor's idea of tax reform is just basically, how

can we get people to pay more tax? I tell you what guys, the

Labor's unrealized capital gains tax makes me so mad

because I just hate the fact that it's simply a theft of

people's retirement savings, right? It's just absolutely

unjust, unfair, and that's why so many even Labor politicians

are against it. So guys, what I'm going to do, rather than just

screaming at the TV and screaming into this camera, I'm

putting together a petition and I'm calling for

something that we all should be supporting, which is how about

0% tax? 0% tax on superannuation, including SMSFs.

so that your Bitcoin and other cryptos and other assets that

are in your SMSF are simply tax-free for

your retirement. That's going to encourage you and other people to put as

much money into a retirement fund as possible without

having the government come in with their greasy limits and try and

steal it from you. All right, find the link in the description, sign

the petition. Zero tax for super. Take care.

Thanks for tuning in to Crypto Collective. If you've enjoyed this episode, the

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