The Simpsons predicting that 2025 Bitcoin is going

to go to one million US dollars a point, but it turned out to be a

We're actually selling on one property up in Brisbane and we're going to take the funds

What would you say to someone, I guess, who's just starting in? What

Bitcoin is specifically being created and engineered and brought

to life as a solution to the failed currencies throughout history. That's

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! Thank you so much for coming on the podcast today, Oliver.

It's so good to have you here. The reason why I'm so excited about

having you on is because a lot of the time when you look around over social media,

particularly YouTube you see all these guys talking about Bitcoin and

you just think they've got it all made they've probably got

hundreds and hundreds of Bitcoin stacked and they're multi-millionaires and

and I think what's gonna be so good is to hear from yourself is your

journey of getting into the Bitcoin space because you're

just like me just the everyday person who's just trying to make ends meet and

get ahead in life basically trying to create some wealth for your family so let's

Well, I've heard of Bitcoin. Obviously, Bitcoin's been around for, you know,

14, 15 years, whatever it's been. So, I've heard of it. I never really looked into

it until, I guess, I saw you at a seminar or a conference about

a year ago, nearly a year ago now, up on the Gold Coast. And

you were chatting to me because you'd sort of gotten into Bitcoin. And

you're talking to me a little bit about it. And I was like, yeah, I should look

into that. You know, it's probably a good idea. Then I put it off for a few

months. And obviously, everyone in the crypto space knows

what's happened to Bitcoin and its price. over the last year. And

yeah, as it sort of skyrocketed, I thought to myself, you know what, I

really need to pull my thumb out and have a

bit more of a look into it and see what's going on, because the

Yeah, absolutely. So basically you were in, because I remember when we sat together

at that conference and we were there actually because of e-commerce and I'm still in

the e-commerce space, I'm still selling on Amazon and Shopify and what have

you, that's how I make my money to put into Bitcoin. But so

you were there as well. So what's your background right now? Because I

I didn't mean to downgrade, he's an electrical. Electrical is

the number one trade. No, I did my apprenticeship when I was

a young bloke, just sort of finished school. I wasn't a genius at school

or anything. So, I got into an

electrical apprenticeship. My neighbor, I was living at home with my mum and dad at the time, and

my neighbor was an electrician and he had a pretty awesome

house, good property, drove a Mercedes and some other nice

cars. I was an electrician. I

don't need to go to university or anything to be a Sparky. So

I had a chat to him and he sort of talked me into it. So that's how I got into

electrical. He had a Mercedes. He

did. It was one of his cars. He was obviously an

electrician and I started my apprenticeship soon after that and

worked my way through the ranks, got my electrical license and went overseas

for a little bit. Then came back and eventually started my own

business. So that's my background

with electrical. And yeah, then I started about a couple of properties over

the years, residential properties. My wife and I, Lauren, my

wife, we bought our first property together in 2011 and

had some good capital gain over the next few years. That

property was just not far from where we live in Sydney. And yeah, then

we refinanced that into a second property and turned them

both into investments. And then yeah, 2020 came. We

don't know. So 2020 came around, COVID, and yeah, we

took a pretty big hit as a lot of businesses did. Yeah, during

sort of 2020, 2021, 2022. And we actually ended up selling both

those properties to help fund the business and keep our living expenses going

I thought electrical would have been considered like an

essential service, but did everyone just shut down when no one was calling electricians?

Yeah, we do construction work as well. So a lot of our, some of our work was

coming in, but it wasn't like, yeah, most

of our work sort of shut down. It was only essential sort of services or

essential service work that we were getting called out for. So, yeah,

I was able to sort of maintain the business and keep it afloat

by selling those properties. And then, yeah, we had a little bit of cash left

over from the sale of those properties. you know, obviously with what's

happening with inflation and the devaluing of the Aussie dollar. Yeah,

I knew you couldn't sort of sit on cash for too much longer, so I went

gung-ho and started researching, mainly property. Yeah, and I

got back into the property market at the or

mid-2023, we bought like our first property, second time

around. And then yeah, over 12 months, we bought four properties. You know,

just learned different strategies and picked a good one. And we

were able to get on the board with four properties. And now what I'm learning about

Bitcoin, yeah, it's starting to transition, moving some of that capital

Did you just say that you bought four properties? Yeah, four properties.

Four properties, holy smokes. So you're like a, there's a new term, is

it landlord slum? Something like that.

I know what you're talking about. I've heard

of it, yeah. Yeah, I did a lot of research. That's one of the things

I do when I find something, I just go 100% to try and

learn it as much as I can. Obviously you try and learn from people

who've done what you wanna try and achieve. It's a

Yeah, the big thing is property, right? That is massive in

Australia. We're sort of ingrained into property. And I bought, I've had a few properties in

my time. And only just recently,

two olive, I actually literally in the midst right now in 30 days,

I have a commercial property that is settling, right? I'm just like out

now. I've still got two more commercial properties left over plus some

resi properties, but it's just one less, one

gone, right? And I'm gonna put that into Bitcoin because for

me as well, I think that is the biggest opportunity right now. And I've done the numbers and

it's chalk and cheese, right? As to what the growth is

expected to be in Bitcoin. compared to the growth of

property. Now, I understand people are gonna say, oh, but you know, property, you can touch

it. And there's some argument, of course, to say, obviously

you can leverage it as well, right? When you go and buy property, you can put

down 20, 30% deposit, the bank's gonna give you the rest, right?

But even that being said, it's still gonna work out better for me to sell

out of that property, take that cash and put it into Bitcoin. And it'll

see huge, huge growth over the next, I'm sort of

basing it on like a 20 year, at least time horizon. And just

as a side note too, my plan is actually not to sell Bitcoin at all at this point. I

have no plan on selling Bitcoin at this point, right?

So, and I'm thinking 20, 30 years ahead. Yeah, so back

to you and your property. So you've got these four properties and now

Yes, so with the four properties, firstly, I think for

me, my situation, I think it's important we keep a couple of the properties just

obviously with the tax benefits and deductions for

our taxable income and all that sort of stuff which I don't believe you get with Bitcoin. But

with the first property, we're actually selling one property at the moment

up in Brisbane. We're going to take the funds from that

and put that into Bitcoin and see what happens. I've been talking to you and

doing some other research as well about other strategies to try and grow your

crypto or Bitcoin portfolio. And with my business as well,

I've still just got like a cash reserve sitting there with our profits from our business. And

obviously, same as if you just got cash sitting in the bank, in your own

personal bank account, that's sort of dwindling away with inflation

and that. I'm gonna look at setting up, yeah, putting that profit into

Yeah, rather than sitting there. Yeah, so I'm still learning a lot about Bitcoin

obviously very early. I've only sort of maybe since October been studying

it and really doing the research on it full on. But yeah,

that's one way. And also we've got a self-managed super fund as well that we have a property

in too with some other cash in there. So I actually got a

meeting with our accountant later this week. Have a chat with

him. and get everything set up to start buying some

Okay, wow. So you're going gung-ho. And do you have a personal account

Yeah. At the moment, I've only got one account. It's just in my personal name.

Okay, but the plan is to basically you'll have a personal account, you'll

have your business treasury, as you call it, and

then you'll also have some of your self-managed super allocated to

Bitcoin as well. Is that the plan? That's the plan, yeah. Okay,

which is basically the same thing that I'm doing. Except the probably the difference is

I've got all of my super this is where people usually

when I tell people this They're they're George's drops and

they're just like what the fuck are you doing? All of my super is

in Bitcoin. Nothing else allocated to anything else. No property.

No shares. No nothing, right and my super forever

was basically sitting in industry super

fund, okay? Copying the fees, it was getting, I think

over the last 20 years, the average has been between seven and 8% return, right?

And the other thing too, I guess there's another sort of ideological

reason why I also want to pull that money out too, is I don't want to support the superannuation system.

And a lot of the time, the trade unions and things like that are tied up

in that, and they're all taking their cut, and I don't want to

support that. But I do want to support the

Bitcoin community because I consider Bitcoin the freedom money

as well, like generational wealth training. So, I mean, I remember

it's probably four years ago now I did some Bitcoin training with

somebody else, right? And I paid $20,000 and this

was before I even had Bitcoin. But actually what I knew though, at

the time was I'd already done this Amazon training and I spent a fair bit of money on

coaching and things like that, which ultimately led me to do over now

probably 55 million now, but a fair bit and it's sort

of set me up for life. And I thought, you know what, before I

spend any money in this Bitcoin space, I'm gonna

go and get some coaching. So I spent $20,000, got one year hands-on

coaching with this guy. And I remember him telling me, during

the journey is like, yeah, all of my supers in Bitcoin. And

I was like, wow. I was like, I was even thinking, are you crazy? Shouldn't

you just have it allocated? Because I was still in that frame of mind, too, of like, oh,

no, you could diversify. You've got to have some over here and some over here and

some over here. And I think for me, it's sort of changed somewhat too,

because I think once you find the number one asset, it's

like, why would you not put as much as you can into the

number one asset? So then I went down that rabbit hole even further. And

let me tell you this too, because I think this is also important for a lot of people. You've got

a wife, you've got four kids and one on the way as well, right? So

you've got to bring your partner along in

the journey too, right? Because you can't just rock up one day and just say,

I looked at Bitcoin price and last year it did 120% in 2024. So

it looks good. We're gonna move all our super now

into Bitcoin, right? Because they're gonna be like, are

you nuts? They're gonna have the same reaction that I did to that guy. And

the reason why the coach previously had the

conviction because he had a lot of experience and

understanding of the asset class. So now I'm

further down for myself as I've gained more experience. I've

now said, you know what, it's now time to move this. You

know, I feel comfortable doing that, right? And so the point I was gonna make though is

that I had to then have that conversation with my wife, right?

But it wasn't day one, right? This was like... two

plus years down the line of me like everyday learning

about Bitcoin and also discussing with her

the stuff, right? And to the got to the point was, hey babe, I'm gonna move this

over to Bitcoin. She's like, yeah, okay. Yeah. So has

Yeah, well, I've obviously had conversations with Lauren. I mean, we, it

hasn't been two and a half years like yourself. I mean, like I said, only

since probably October. So it's October, November, December, January, sort

of every four months-ish. I've been real serious about it. And

obviously, she sees me every night, you know, studying for

hours on end, doing research, reading, watching YouTube videos, just

doing, you've got your crypto collective course as well. I've done all that. So

she knows the amount of work I've put in and doing the research. And

she saw what happened over the last couple of years research I did with the

properties and that as well. So she can see what happens

when I'm putting in the work and then getting results on the back end

of it. So there's an element of trust there as well. She understands

what can happen. Yeah, so she sort of trusts me and I just

sort of teach her what I'm sort of learning along the

I think that's really powerful because you mentioned then trust,

right? Trust with Warren. If you've got some runs

on the board, like if you've done obviously things like you've got

your business, you've done property before, you've made the right decisions

in that space, I think when you come down to the party with,

hey, I've got this other idea, I've done the research, your

partner's gonna now feel more confident in that decision,

right? And I think a lot of people get unstuck where they

haven't been successful. And I say successful, right? Maybe

they've tried some things and you're like, you've been in the e-commerce space as well, right? The e-commerce

space is really hard. And I think it's sold

to a lot of people. is it being easy?

Now, if you have some coaching, it obviously makes it a lot easier, but just

in a nutshell, most people don't succeed, right?

Whether it's online space or whether it's just your general bricks and mortar or

even trade, people just sometimes just don't make it. So even in

your space, not everyone's built to be a business owner in the

electrical space, right? Some people just are built to be the trades person who's getting directed

and get the jobs for them and all that sort of stuff and they get a salary, right? And

so for these people though, who are also wanting to get ahead, I

know a lot of people go down that e-commerce route or they try trading, right?

There's all these types of things and if they haven't come

out of it as a success with runs on the board and

then they come across Bitcoin and then they're now trying

to say to their partner, no, no, no, no, trust me, I've now

looked into Bitcoin. So I think we should put some of our

capital into that. Then it's difficult if they don't know or

Yeah, I definitely agree. So that's helped us heaps. Yeah, I think the

big thing as well is I'm not just coming across to Lauren and saying, oh,

you know, we should do this. This is why. Like she actually sees the

work that's being put in every evening, every day, you know,

for weeks and months on end. And then, yeah, obviously you can see some

results off the back of that. So I think that's a big part of it too. I

don't think anyone really gets that lucky. They just sort of, it's

very rare that you get lucky. You put the work in and that's how you

So important for anyone who's listening this now too

is that these things take time and I think Bitcoin

like I would say now knowing what I know that an actual fact

Bitcoin is probably the easiest investment decision you could possibly make right

in the sense that if you just buy it and Then

you forget about it or even if you let's say you put in Thousand

dollars a month into the into Bitcoin right and just sort of say look I'm gonna

have a 10 plus 20 year time horizon on

this asset Then there's pretty much nothing else that can go wrong Right,

you just simply buy and forget about it where the complications I

think come in and is FUD, which

is Fear, Uncertainty and Doubt. So they'll see something on social

media, it'll say, Bitcoin's gonna collapse, or I saw one the other

day, it was quite funny, it was, you know how sometimes they do these, the

Simpsons have these episodes, it's in the cartoon Simpsons, and they somehow

they say they predict the future. Have you seen those? Yeah,

I have, yeah. For example, when Trump won the very first election, there's

that image of Trump coming down the escalators, right? And the most recent

one, I only saw this like about two weeks ago, and it was, The Simpsons

predicting that 2025, Bitcoin is

going to go to one million US dollars a coin. But that

sounds awesome. Hope it does come true. But then also said, but it

turned out to be a big scam and Bitcoin went to a dollar. So

people will see that and they're like the Simpsons are gonna predict the future. We shouldn't buy Bitcoin I

think now as well is probably the best time to actually buy Well,

the most secure is time to buy Bitcoin because of all the adoption that's happening in

the world including nation-states Obviously you've got places and

people like Michael Saylor with micro strategy El Salvador's another one

and just like governments in general talking about Treasury. So I Trump,

there's about six or seven different states in the US. And even just to bring it

closer to home, in Australia, Australian government has already approved the

Bitcoin ETF to operate in Australia. And also,

only about two weeks ago, AMP bought

up $26, $27 million worth of Bitcoin to put into their portfolio

regarding superannuation allocation. So there's

all these positive signs that are there as to where

this is going. So what do you think then, I guess, is your

next step, right, in building your wealth and where do you think

Well, yeah, I think definitely Bitcoin, just buy and

hold Bitcoin. Yeah, historically, it's got the highest return, the

highest CAGR. compounding annual growth rate

of all the assets. And yeah, like obviously you only realize a loss if

you sell. So if there is a dip in the market and you freak out and you

decide to sell, then you're going to lose money. But if you just hold on to it

and stay patient, and you know, you hear people always talking about buy the dip.

Yeah, that's when it's on sale. So that's when you buy it, get as much more of it as

you can. And then yeah, over time, yes, it's only going to go one way up to

the right. So yeah, I'll just try and accumulate as

Okay, have you come up with any unique strategies to

do that? Like how do you, like I've got some that I can, I can happy to

share, but if you, it takes different minds to think of

things like, and I can't think of everything in one, at the same time, like by

going through processes, then you think, ah, That's something I

can do. I mean, I'll share one with you first. And this is gonna seem nuts to

some people, but I've got a lot of people I talk to and they're like, or they're saying,

I can't even afford like a hundred dollars a week. I'm

like, really? Just a hundred bucks a week into Bitcoin? I mean, I understand things

are pretty tight out there. So I've come up with this genius

idea. This is gonna seem so basic, but it's real. My

kids, take the bottles down to that depot and they get

the 10 cents a bottle, right? So what we're now doing is we're allocating that 10 cents

a bottle into Bitcoin. So it's what I

would consider free Bitcoin, right? So we, and

in recent times too, my daughter had like $2,000 saved

up, right? So all that just goes into Bitcoin, right? And if that's gonna 100X,

it's gonna go through, you know, so obviously you do the numbers on that. So this is a way, it's

so simple. You're gonna take literally rubbish That

was gonna go in the bin and you're now just transport faring over to this side

over here and then turning into Bitcoin That's one of my little secrets for people who were just

Yeah, I'm just putting as much as away as I can at the moment this dollar cost

averaging I can't see every week. I'll just yeah put an amount got

pay myself from the business. So yeah every week I just put an amount into

our Bitcoin account. I don't want to transfer all of our cash or

all of our capital because we still need some cash reserves, you know, for a rainy day

or whatever expenses might come up. So we keep that sort of working capital, but

Yeah, so basically anything that's above and beyond. your

day-to-day runnings of the business, you're gonna move that into Bitcoin. I

mean, I think the benefit too, I mean, unlike buying property, just if I

compare that for a second, you put into property and let's say something does

happen and you need to now liquidate the property, that is

a huge process. So there's kind of like, there's a pro and con there. That's

a problem, so you need to get the capital out, right? Whereas with Bitcoin, if

shit hits the fan and you need to take some allocation back out, you could just take,

you know, $500,000 in there, you could just take out 20 grand. just

to fill a hole. That also is a negative

because when your emotions come into play and you say,

oh my God, or let's say, you know, you hear something about the market and you're like, oh,

that's it, we're gonna sell. You just press a button and the Bitcoin's

sold. You can't do that with property. You've

got to actually think about it, contact someone, go through a whole process. So

by that time you might've thought, actually, maybe it's not so bad, I'm gonna sit on it. So

this is the thing. 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 us today. Now back to the episode. So

looking back at just even this short time, that

you've been down this rabbit hole, what would you say has been maybe

I guess it, yeah, it would crash. And then if I did put

so much of our cash into it, and we needed some of that cash back,

I'd have to sell and then realise a massive loss. But I think that

just comes back down to what I just said just earlier about not putting

all your capital into it, keeping some that you need, the

rest of it you can sort of transfer over. And

the thing as well with Bitcoin, it teaches you so much when you're trying to learn and

research Bitcoin. It teaches us so much about other things like

economies, the history of money, fiat currencies, inflation,

different asset classes. I never would have learned, I think, what

I've learned in the last four months had I not decided to learn about Bitcoin.

It really gives you a big sort of overview of the history of

money and what money actually is. And yeah, just

the history and why things have worked and have not worked over time.

And then, yeah, obviously with Bitcoin, you then understand that

Bitcoin is specifically being created and engineered and

brought to life as a solution to the failed currencies throughout history.

I was talking to a kid, it's a kid that comes around and does the dog washing, right?

And he's a really good kid and he's passionate

about saving money. I think he's about 13 or

something, right? He's saving money and I'm like, oh, okay, cool. What

are you saving up for? He's like, I'm gonna buy a farm. I couldn't help it, this kid's 13, I

couldn't help it. I was like, where are you storing your money? He goes,

it's in the bank. And I'm like, oh, right. And

I just, I just, I had to share with him, right? Cause if he doesn't know and

he, and he's, I don't think he's, his dad didn't know, right? His dad was there too. I

said, did you know that you know about inflation and

you know about money printing? And he's like, kind

of like, yeah. I said, well, if you leave the money in the bank, the

value of that money is going to depreciate over time. So

that the thousand dollars you've got today is going to buy less than

in the thousand dollars in like a year's time. And I

sort of like, oh, okay. I'm like, so if you need to

start looking at another asset class, like

Bitcoin, for example. And his dad chimed in,

he goes, oh yeah, no, we've heard about Bitcoin and we've looked into it and stuff. I said, look,

I really think. That you need to just just he's

in he's like a sponge this kid, right? So I said, you know, look so

he's actually come into my crypto collective group, right?

It doesn't cost anything and he's in there now like learning all the

different things about Obviously what you're talking about to

do with currency debasement, you know, what is money? Savings

how powerful Bitcoin can be as a savings plan because I speak to a

lot of people to about by they want to buy their first property and And

they're all saving this money, but the properties are going up faster than

they can save. The currency is being debased at the same time. So

their hurdle rate is probably upwards of like 15%. So

they've got to be earning over 15% on

their money every year to stay ahead of the game. And

once you kind of explain this to people, their brain just, it's

a bit deflating to be honest. Because then you think, oh shit, I'm

like slogging my guts out, maybe working one or two jobs. And

like yourself, you're in a business. So that's even more

brutal, because you've got to look after now staff and manage

money and all sorts of stuff. And then after all that, you've still got to make over 15%. And

I think Bitcoin to me is the only

way to get there. And that's why I think it's so powerful. What

have you found talking to other people, like when you've said, hey,

I'm going to be selling this property to buy Bitcoin. What's

It will come out eventually, obviously, but I just want

to, I guess, get my skin in the game before I start talking about

it. Yeah, I want to make my first big investment into it

Okay. Because it's interesting to see what the reaction is

going to be. I know for myself, obviously talking about superannuation, that

usually comes with a lot of jaws on the floor. But then also, too,

if you're talking about now selling property to put that

into Bitcoin. It's one thing to sort of like have the property and you're like, oh, I'm putting this other money

over here into Bitcoin. But they're like, oh, no, you need to also

have properties. Well, you need to diversify. And maybe not. I'm sort of actually going through

this phase, too. I don't think I've ever said this to you, but I feel like I

go through this phase where I want to de-shed. Like I want to get rid

of things. I don't like, I'm looking at, you know, I've got like a stack of

cars and just stuff. I've got a lot of stuff. Yeah.

I wouldn't say I'm a hoarder, but I do like

sort of collecting things. Like I have, I have like this massive record

collection for when I used to DJ many, many years ago. So I've done, I've still got

all of them, right? I've got all these CDs that I've just still

got. I can't part with them. Yeah, yeah, and now

it's like cars. And so I made the decision Late

last year to let one of the cars go and I sold it like

it was cheap. It was like 30 grand. Okay? but it was

the psychological barrier of selling this thing that

I've loved and I've always wanted that I had enough baby did

and I now I've let it go to somebody else and I will say

that once I let it go. I Didn't even

think about it It was just gone. It's just gone

out of my life, right? And somebody else has got it and I've still got some photos I

can look at if I want to and so then the

next decision, like yesterday I went down and I took photos

of the 21 model STI that I've got and that one I bought kind of brand new and

I spent like 20 grand on the engine and all that sort of shit. And

I'm like, ah, such a cool car. But I

mean, but I literally put it up for sale yesterday. I'm

like, nah, it's going to go. I've driven it like probably five times in the

last year, because once I got the Mercedes, I pretty much just drive the Mercedes all the

time. Obviously the one that all the electricians have, they've got the Mercedes now.

And yeah, so I'm going through this phase now of like,

let that go, let something else go. And I sort

of feel if I just had everything moved into Bitcoin, I

Yeah. Yeah. What do you think? I think, yeah, I

think I agree with you. if you're selling those possessions of

yours that you really love and you've had for a long, long time, de-shedding, obviously

what you're doing with the proceeds of that sale, you're putting it, investing

it into your future, investing it into Bitcoin. So it would make you feel

better that you're doing something worthy with that money. If you were just gonna

go and waste it on rubbish or whatever else you might waste

it on, then you probably would regret it, maybe. But

yeah, the reason I think you're not too fussed about it and you haven't thought of

it since is because you know what you're doing with your money, you're investing it into your

Yeah, totally. I had this conversation with Adam

the other day. And I said, man, I'm just always thinking about

how can I get more Bitcoin. That's all I think about. And

he'd just laugh. And he's like, yeah, totally understand. And I

think it doesn't matter how much Bitcoin you

have, you kind of feel like you still need more.

If you look at Michael Saylor, who's got now, I think it's

I think it's 400,000 Bitcoin or something, right? Something insane. He's

still like, yeah, I need to get more, right? And then you've got like myself

who's like very much down the totem pole. But I'm still

like, I've definitely got to get more. But for most people, I've actually got a lot. I

think I sit in the top 1% of Bitcoin holders in

the world. But I still feel like, I mean, I need to get

more, I need to get more. And it's like, I went even just

recently. Actually, one of the things I'm doing for the community, the crypto

collective community, is I'm trying to prove things to people of how

they can get more Bitcoin by doing these actions myself. So

obviously, one is, hey, if you've got extra things lying around the house, sell those

things, jet skis, boats, whatever it is, like you'd never buy boats and

money pit, but just get rid of all those things. You probably got two

You'd need a cruiser. Like a big big cruiser maybe

six beds six That's coming. So

like getting rid of that also, obviously, you know just on a very basic level just

turning the rubbish Bottles into cash how

to I even found this loophole the other day of how to use credit

card points to get Bitcoin It's

freaking free Bitcoin, right? There's just free points sitting

that you would never ever, you know, people, I know I want to get a new kettle. No,

you don't. Forget about the kettle. And by doing that too, Oliver, some

people And think, well, I didn't really have that anyway. It's not like

they're taking money out of their day-to-day cash flow and putting it into Bitcoin.

They're like, oh shit, something happens. This is just like credit card points

that you can just transfer and buy Bitcoin. Now, it's a little bit more complicated than that,

but I have a play-by-play strategy in the group. If anyone wants to know, they can click

the link in the bio somewhere and come check it out. But

that's a really simple way of doing it. The other thing that I've just done,

I used to be And I loved, you know, Gary Vee, right?

He does flipping. Sometimes he'll go down to like flea markets or

someone's garage sale and he'll buy something and then he'll like flip it and make a

hundred bucks or something. Now, I'm not that bad. I don't really go to neighbor's place,

but I do sometimes jump on like Facebook marketplace or

Gumtree or something like that. I might be looking for something. And literally on the weekend, I'm

just sitting there, somehow ended up on Facebook marketplace. I

saw this aircraft set. Now, I

mean, model aircraft, right? They're really cool ones made

by Franklin Mint, if you've seen those, right? They're like die-cast metal,

they're about this big, they're awesome. This person was selling 33 of

these things for $370. Now, one

of those new is like 500 bucks, one. I

was like, I contacted, I was like, are you selling the whole lot or are you talking about each?

She's like, I don't know, we're moving to Brazil, everything must

go. Damn, so I had to literally

jump in the car. I drove like like 40 minutes away

These all these aircraft right and I don't actually want

them. My point is I'm gonna flip those right? So

I've spent this money. I'm gonna flip them I'm gonna now put that money the

profits of that which is all cash, right? I'm gonna put that into

Bitcoin and so I'm trying to I guess give people a

Ideas of how I've been able to leverage e-commerce and

sales Yeah to build some money to put and now

move it into Bitcoin Even if it's at a small scale for

the everyday person who doesn't have like what you've got like a big electrical

business or something You know what I mean or properties they can sell right and

because if they were to do that Every single month if

let's say they just had a thousand bucks a month extra Mate, it's going

to turn into millions into the future if they just continually buy

up, stuff like that. So I guess that's some of the things. I

have to ask you because you've got four kids, one on the way. My

daughters are always saying to me, Daddy, are you talking

about Bitcoin? Or is that about Bitcoin? Or have you

Yeah, I talk about it a lot with my wife. You see

me watching YouTube videos, trying to learn about it, but no, Spencer, one

of my sons, he got some money, he had $50 from Christmas

or whatever, and said, oh, I wanna go and buy this and this and this, and I'm like, oh, you know,

if you put it into Bitcoin, you can make more money over time. So

he gave me the $50, put it into Bitcoin, and

he came back a week later and said, is it $100 yet? I'm like, no,

not yet, mate. Takes a bit of time, but yeah, that's the extent of

Oh, that's awesome. But I mean, that's really cool I love that because I

think the sooner you can get education within children particularly

the better I just saw something the other day actually I think in Bali of

all places might be just Indonesia as a whole They've now got

Bitcoin studies in their curriculum They're now talking about this

sort of stuff and I think in Australia most people don't think about

it because the currency debasement is

not as full on as perhaps what you see in other countries. Zimbabwe,

you've seen the stories about Zimbabwe, they're basically in some other countries within Eastern Europe, I

think their money was worth literally more as fire, more burnt,

right, to start fires than it was actually as a currency. And in Australia,

we've kind of got a pretty good You know what I mean? Like we have medical,

we have all that services, right? And just every year things

just keep going up and up and up and up But you know, there's no like civil

wars or anything like that So I think it's a lot harder to

convince people about Bitcoin because

they don't really need to know, right? It's like a slow death

You talked about that hurdle rate before, you need to be making sure that

You know, with the inflation and debasement of the currency, you need to find a

place to put your money that's beating that 14%, 15%. Otherwise,

you're standing still at best. You're not sort of getting ahead.

I just want to get some really key things out of you. Because you're so

fresh into Bitcoin and you're doing so much, it'll be top of

mind. How did you find moving your

Bitcoin from your bank account into an exchange? And

I started with CoinSpot and then yeah, just recently opened

And yeah, so I just use SwiftX for now, yeah. Eventually

when I set up the account, because you can set up quite easily, I think,

with SwiftX, different entities to purchase or

buy Bitcoin in. So yeah, like I discussed earlier with you, you know,

look at buying Bitcoin in SMSF and under

a company entity as well. So that can all be done quite easily through

SWIFTX. They've got cheaper fees as well, I

think 0.6% on transfers, which is a big

one, especially if you're looking at transferring larger sums, it sort of

It does, yeah. And so how did you go with transferring

No, actually the first transfer I made, it went across instantly. Who

So I found that strange because I've heard lots of stories about people you

know, the bank freezes the transaction, you know, for however

amount of time. But it was only that very first one, I just sent, you

know, I think it's $50 or something across and it went, it appeared in the account

straight away. But then every transaction after that, they withheld it

for 24 hours. Oh, okay. So, the first one you went through. Yeah,

so I found that odd. But I haven't had like any, you know, freeze or

Okay. Yeah. My understanding is that Commonwealth Bank does allow

transfers or even though you've had these holds, right? But I

think they have a maximum per month. of how much you

can transfer from your bank account to an exchange

like SwiftX and I believe it's $10,000 in

a month So where you might come unstuck in the future

Because sometimes you don't want to, like if you've got a hundred grand, you don't really want to have to transfer

ten times Particularly if like the price is

low, you want to get the money in there as soon as possible before it

starts jumping up So yeah, you might actually come unstuck, then you might just start

looking at different banks. I know that for my self-managed super, I

use Macquarie. However, some of the members in

Crypto Collective have just told me that they're now getting blocked

and that Macquarie is now not allowing transfers from

their institution to an exchange. Even SwiftX or CoinSpot, which

are based in Australia, right? Who follow government,

Australian government regulations. So, But that

said, I just bought some more Bitcoin today in my super

and it went through okay. So I think what's happening with Macquarie is if you were

already sort of in the system and you've got heaps of transaction history where

you haven't had any problems, I think they're still letting those go through. Anyone

who's new to the party, they're just instantly like, nah, we're not

doing it. Yeah. Yeah, so you might have to the

I and said yeah, I and said I was gonna say it's I think you've got

you've got a resource in your crypto collective there different

banks and their rules and regulations about transferring across

Sorry. Yeah, it's it's changing so so quickly though,

right and yeah So it's very hard to

keep up to date. I think the best thing for anyone who's looking to do

it is to probably call their bank and say, hey, look, this is what I plan to do. I'm

going to move this money over to this XYZ exchange. Right. And

then they're going to hit you with a bazillion questions and go from

there. So as we sort of just get to the end of this

podcast, what would you say to someone, I guess, who's just

starting out? Yeah. And what do they need to think about, I

Well, I think you need to, firstly, you've got to be prepared to do

a lot of research, do your own research, do your own study. There's heaps

of information out there, YouTube, different books you can read and courses

you can do to learn. I think that's really important because, as you know,

with crypto and Bitcoin, it's very volatile to

the downside and the upside as well. I think you have to have the

right mindset to be investing. In an asset like that You don't

want to sort of freak out when the market dips as it will and

then just want to sell because that's when you'll realize your loss Yes,

you have to have I guess a lot of conviction and courage to and

I guess a lot of Confidence that you've put the work in and

done the research to understand what's happening and then also if you look at like with AI

and what's happening going into the future with digital currencies and all that sort

of stuff. You can sort of tell and everyone knows what's

happening with the governments around the world and big institutions adopting

Bitcoin onto their balance sheets and their treasuries and

federal reserves and stuff like that. they're all buying Bitcoin

for a reason. So it's obviously the future. So yeah, to understand

all that, I think a good place to start is by reading a book called The Bitcoin Standard.

Yeah, that gives you a really good understanding about the history of money and currency and

then why Bitcoin is the future and how that's a

solution to the problems of the past. Yeah, but the biggest thing I could recommend is

just putting in the work and You're doing a lot of your own research before putting

Everybody knows the wife makes the decisions in the house, come on. She's

So I think with a Bitcoin treasury, that term gets thrown around quite a

bit. You know, you hear governments talking about a Bitcoin treasury, but

basically, I think what it basically comes down to is a

Bitcoin treasury is for me, in my company, I've got a

profit account with cash sitting in there that we use for the business. And instead

of having the cash sitting in that account in dollars, I'm

going to allocate some of that to Bitcoin, set up a Bitcoin account and

purchase some Bitcoin using some of that profit, some of that cash, and

Yeah, that's exactly right. And what's interesting is in just recent days,

certainly in the US, they've brought to fruition the

FASB rule, which is where you can now have your Bitcoin on

your balance sheet, but it's actually there and it can be realized in

its current value. So in

previous years, you couldn't have it as its current value. And

so that's going to now increase the value basically for those who

have adopted a treasury and put it on their balance sheet, particularly those

companies in the US, right, where they can now capitalize on that Bitcoin

Oh, great. So instead of having the cash sitting there devaluing over

Yeah. My understanding was that if it goes Down

they have to allocate it. They have to write it off. But if it

goes up they couldn't They

couldn't sort of say, oh, you know like they bought it for a million dollars and now

it's worth 10 million dollars They couldn't say i've got 10 million

dollars worth of bitcoin on my balance sheet Okay,

right they would be able to say look i've allocated a million dollars to the balance sheet But

if it went down, they'd have to say, oh, it's actually now only

Okay, so they just say, I've got the X amount of Bitcoin, what

Yeah. Okay. Now, under the new FASB rule, is

you can say, oh yeah, as of the time of doing this

particular tax return, for example, the value of Bitcoin is

X amount. Yeah, 10 million, for example. So that obviously

makes your company look better, particularly when it comes down

to getting lending. Imagine if you go to the bank and you

say, look, I need to get some money for my electrical business. I've

got $10 million now. on my balance sheet

with Bitcoin. Oh shit, okay. That's pretty awesome. As opposed to I've

I think my biggest fear when it comes to Bitcoin is if I were

to allocate all my cash, all my capital into

Bitcoin and then the market took a big turn and a massive

dip and the value of Bitcoin went right down and then I was positioned

where I needed all that cash and I had to sell and

take a massive loss, that's probably my biggest fear. I think that comes

down to like, you can mitigate that fear, I guess, by not putting

all of your cash in, keeping some of it. Don't put all your

cash in that you know you're gonna need next month or later in the year. Just

keep some of it for a rainy day and just allocate, yeah. other

Yeah, that's exactly right. I always say to people just not on a company level

like yourself, but just on a personal level is don't buy Bitcoin with

money you need to pay the rent with next week. Don't

do that. Just allocate money on a everyday dollar

cost averaging weekly, monthly system that

will allow you to put money in and you can forget about it

and then watch it grow over time. You certainly don't want to be in a position where

you've put all of your money into Bitcoin hoping that by next week,

it's going to double because that ain't going to happen. I want to thank you so much for

coming on to the episode today. I'd love to get you back

on in the future to see kind of where you are and obviously

some of the lessons that you'll be learning along the way as well that you can share with

just the everyday folk who are also trying to build generational wealth

Yeah, I appreciate you having me on the podcast, mate. I watch all your

videos and these podcasts and stuff too. So it's really, yeah,

I feel very fortunate to be a guest on your podcast, mate.

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

the best way to show your support is to leave a five-star review on

Apple Podcast or Spotify and make sure to subscribe to

the YouTube channel so you don't miss an episode. You can also find more

of me at I'm Matthew Fraser on