I wouldn't take it. Unfortunately, Warren has no idea when

it comes to Bitcoin. What does XRP do? I

don't know. They say it's the remittance. Luke Belmar, who's

a multi, multi, multi-bazillionaire and

has made a lot of money in the crypto space. Let's see what he has to say about

How dare the government take 10% of people's income

Would you support 12.5% of your money being taken

When you buy property through your superannuation fund, it's going to cost you

When you're setting up an SMSF and allocating it to Bitcoin, the costs

And so the idea of retiring in your 60s, I think, is

So if you could find something that you'd love doing day in and day

out, then working until you're 100 wouldn't be the issue. The issue actually,

though, is 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. My name is Matthew Fraser in

today's episode It's going to be all about reactions one

Let's get into it How dare the government take 10% of

people's income? Without ever asking them and

forcing them to give it to someone they've never met now Why can't we

do what New Zealand did New Zealand had a referendum on whether or not superannuation should

be compulsory and And you know what they voted? They voted against it

Well, there's already... Let me just ask you from the outset. Would you

support 10% which is actually now in Australia 12.5% 12.5% of

your money being taken without your knowledge? Let me know in the

comments. Do you support superannuation or

would you just rather have the 12.5% in your pay packet every single week

There's already $600 billion invested offshore with

superannuation. And I've got the clip when Bob Hawke said that superannuation

Well, that never happened. Well, that's a bit late now, isn't it? That's

actually laughable now, because what manufacturing base does

Australia even have now? We don't have any manufacturing base

now, right? It is gone, right? And with the rising cost of

energy, which this government has completely stuffed, There's

no way that manufacturing is coming back to Australia. That

And nor would it, because the Button Plan and the Dawkins Plan... The

Button Plan destroyed manufacturing, and the Dawkins Plan destroyed higher

education, turned our kids into commodities. Everything in

this country now is turned into a commodity. There's nothing about, you

know, personal responsibility and letting the individual control

it. No, no, you've got to monetise everything, and it's our kids who have suffered the most,

whether it be through childcare or universities. You're treated

We're going to say, and I always say this, the government ain't

going to save you. And unfortunately, neither is

your superannuation fund. Because right now, you're looking at

between 6% to 8% annual growth on your superannuation,

which ain't going to cut it in this age. And even Mark Buros now says,

at the current rate, you're going to have to work until you're

80 or 90 years old. So what is the answer, you may ask? How

can I get out of this conundrum? Of course, the answer is

If the people in this room owned all of the farmland in

the United States and you offered me a 1% interest in

it, $25 billion, I'll write you a check this afternoon. $25 billion,

now I own 1% of the farmland. If you tell me you own 1% of

the apartment houses in the United States, another $25 billion or

something. I'll write you a check. Now, if you told me

you owned all of the Bitcoin in the world, and you offered it

I'd have to sell it back to you one way or another. I mean, it isn't going

to do anything. The apartments are going to produce rental, and farms are

going to produce food, and I've got all the Bitcoin. I'm

back where whatever his name was, who may or may not have existed, was, you

know, 15 years ago. If I've got it all, people will say, you know, why

should I buy some Bitcoin from you? I mean, why don't you call it Buffet Coin?

You know, make your own or something. Do something, but I'm not going

to give you anything for it. That explains the difference between productive

assets and something that depends on the next guy paying you more than the

Warren Buffett has a lot to answer for that. Now, there's no doubt that

Warren Buffett has done extremely well when it comes to

investing. But unfortunately, Warren has no idea.

And I don't expect him to, he's an old guy, but he has no idea when

it comes to Bitcoin. Bitcoin is the number one

performing asset over the past 15 years. You would not put

your money into property. You would not put it into shares. If you could put it

into anything that was going to outperform everything, it would be Bitcoin. Now

clearly he hasn't done the research, he hasn't got the book, but I'm

going to tell you right now, this is

Almost every single cryptocurrency is a terrible investment,

and I'm not just talking about meme coins. I think this includes many

of the tokens in the top 100, the ones that many

of you probably think are bulletproof, and I'm telling you this as

the head of product at a crypto exchange, which might sound counterintuitive. You've

likely already heard the surface-level reasoning for this.

that today there are over 35 million cryptocurrencies and

that just a couple years ago there were only 10,000 and how back

then a rising tide would lift all boats where a market rebound

would mean that you could hold almost anything in crypto and you would still

likely see some profits. But here is the actual problem. most

of us are looking at crypto as an alternative to investing in the stock market

you're likely thinking you can invest in any of the top 100 cryptocurrencies that

are legitimate projects with fantastic teams with really good

technology behind them the things that let me say i

six figures plus into altcoins, which is exactly what

he's talking about. And I will say some of them didn't work out so well,

right? This is not a get rich quick, learn from my lesson. Not

everything that you put money into in the crypto space is automatically

going to go up. Now, what I will say, though, the best performing

asset that I did allocate a lot of money into was

Bitcoin. Right. It is the number one performing asset.

So the altcoins I consider as complete gambles. So play

at your own risk. But sometimes you could see higher returns

in altcoins. But just be prepared. It is like a gambling machine when

you're calling fundamentals. And that logic is entirely broken.

When it comes to the stock market, there are no early stage companies, they've

all been around for at least seven to 10 years by the time they've IPO

and you and I can invest in them. And before that even happens, nine

out of 10 startups fail. The problem here is that in

crypto, you're investing in early stage startups. None

of these companies have been around for very long. And by that logic alone, 9 out

of 10 of the cryptocurrencies you own will fail. And

where it gets even uglier is that where stock markets are

regulated, crypto is not. The price of most

of the tokens you're interested in are barely tied to the success of

a product or company. Even worse, founders can sell their assets

under the table, there is market manipulation all over the

place, you're likely just not aware of it. something as simple as a

And these are... Let me cut it off there. I think you've heard enough. All

you need to know is that if you're investing in altcoins, it

comes at a huge risk. That's why 95% of

my overall crypto investments are in Bitcoin. 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 link in the description and join

This next bull run is going to make fucking millionaires and you could

be one of them as long as you play your cards right. It is insane

how some of my friends became literal millionaires earlier

this year when meme coins were like at their peak. If you know where the narrative is

going, if you doom scroll on this app and you're actually like caught up to speed on

the stupidest shit, you have to understand as the bull run goes, you literally have

more opportunity than anyone else. But yeah, doom scrolling can literally

be a benefit. If you think you're gonna get rich off meme coins, follow

This is not financial advice. Doom

scrolling on TikTok to become a multi-millionaire. I

don't know if that's going to work. In my opinion, doom scrolling is

going to waste a shitload of time. What I'd be doing is focusing on getting

educated in the Bitcoin space, understanding why

Bitcoin is the number one asset, and it has been for now nearly

15 plus years, and why even people like me have

put all of their industry super fund money into an SMSF

I know politicians are telling you you can retire at 60. But

let me tell you, the economics are clear. We need

to be working into our 70s. The

idea of retiring at 60 is fine if you're

going to die at 70. But the truth is, most of us

aren't. Every single decade, we live longer.

let me say this I don't mind the idea of

working until I die only though if I'm working

in something that I actually enjoy like for example doing these

videos right now I love doing these videos I love talking to people

about Bitcoin and cryptocurrencies now if I could talk about that until

I die It's not really working, is it? Because I love it. So

if you could find something that you'd love doing day in and day out,

then working until you're 100 wouldn't be the issue. The

issue actually, though, is working in something that you hate,

where you want to get out by the time you're 60, but you can't. But

imagine if you could invest in something that could set

you up for retirement even before 60 and sustain

you until the end of your days, so you never had to work a

day in your life unless you actually wanted to. What is the

Self-managed super funds suck and for most people are a really bad

idea. And I've unfortunately seen a heap of people that have got

sucked in by people pushing self-managed super funds with an agenda

and ended up seriously slowing down and sabotaging their program.

Self-managed super funds are typically sold- Is he calling me out? Of

using your super money to invest into property. And they

talk about the marketing line of being able to pay down a mortgage- Oh, okay, so I'm

shit for a second there i thought he was literally calling out i thought he's about

to say my name and the people who are who are supporting people

who are moving their industry superfund into smsfs and

allocating it to bitcoin i thought he was literally going

to call me out then but turns out i'm all right at the moment okay

maybe because he does know that bitcoin is the number one performing asset maybe he

knows that let's see what else he has to say about this dreaded

This actually makes a lot of sense and sounds really appealing, but there's

a couple of serious errors in this thinking. Now, first, I want to

call out that I love property and I think it's a great investment for

a lot of people. In fact, I think it's the most effective way

Except for Bitcoin. I think you just forgot to

add that little bit in, yeah? It's the best way to build

because of the fact that when you buy property, you're not buying a property entirely

in cash, you're using borrowing and therefore leverage to

invest and you get, instead of just investing $100,000, you're gonna have

a $500,000 property, a much bigger investment that's actually working. When

you buy property through your superannuation fund, it's going to cost you about

$10,000 in structuring costs. You've got to set up the self-managed super

fund itself. You've got to register some company staff in a lot of cases around

that. Then you've got to also set up another like a trust inside

what's called a bear trust or a custodial trust inside your superannuation fund.

to own the property investments because of the super rules and on top of

that when you then go and take out a mortgage on the property you've got

to pay thousands of dollars in mortgage application costs because there's very

Well let me just say on this point $10,000 may be

the case if you're buying or investing in property

within your SMSF. But I can tell you, when you're setting

up an SMSF and allocating it to Bitcoin, the costs aren't anywhere

near the $10,000 mark. I would say it's probably anywhere between $3,000 to

$5,000 to set up your SMSF. And then guess

what? There's no application costs. There's no transfer fees. There's

nothing. No stamp duty, especially, and no mortgage insurance

What does XRP do? I don't know. They say the remittance, the

Wait, before we go anywhere further into this

reaction, we've got to say, first of all, the XRP army

absolutely hates me right now because I've been calling a

bit of BS on the XRP. Now that said, I don't know.

I'm just an uneducated guy. Maybe XRP is going to go to the moon. But

I tell you what, they're one passionate lot of people, the XRP army. let's

see what luke belmar who's a multi multi multi

bazillionaire and has made a lot of money in the crypto space

let's see what he has to say about xrp thing

it's a fucking glorified meme coin that's oh oh it's a glorified meme

coin That's what he said. That wasn't XRP Army.

I didn't say that. That's what Luke Belmar said. It's a glorified

meme coin. Ouch! Damn, you guys

Let's see what else Luke has to say. $100 billion and

you're looking at the CEO of it and he's dumping on your head. But they have such

good lore, such good storytelling. You have dozens of

It's meme coin culture for the XRP army. Please

guys, don't come after me, but secretly, I hope you do. Alright

guys, that's it from me for the reactions video. I'm sure there's going

to be some good reactions from people from the

XRP army, especially in the comments. So look out for that. Join

in the conversation and maybe let me know what you think about

XRP and Bitcoin. Alright guys, take care. Thanks for tuning in

to Crypto Collective. If you've enjoyed this episode, the best way to

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