I heard recently that there was Peter Dunworth, which I'm sure you know,
Speaker:he was saying that he heard of two of the major banks in Australia already
Speaker:putting together frameworks to custody Bitcoin. Are you familiar with
Speaker:any of that or can you give us some insight into banking? I can't say too much because... Is
Speaker:There's really no way around it man, unfortunately. Australia is losing, and
Speaker:will lose, a lot of tax revenue over the next 10 years because they're
Speaker:How did you manage to get Michael Saylor at your convention? What
Speaker:We just annoyed the hell out of him, basically. I look at Bitcoin as
Speaker:a way for everyone to create sustainable
Speaker:I'm Matthew Fraser, and this is Crypto Collective. After
Speaker:making millions with Amazon and e-commerce, I realized that
Speaker:if I was starting again today, crypto would be my
Speaker:first choice. I'm here to help you take your first steps
Speaker:and build real wealth. Ready to set yourself up for life? Let's
Speaker:go. 2024 speech was about vision
Speaker:and conviction. Now, would you say in the current climate, are you still holding
Speaker:Always, man. I've been holding vision and conviction for almost 10 years.
Speaker:So that's never going to waver for me. I think most people in the industry that
Speaker:have been in the industry for a while, and most people that I speak to anyway, have got
Speaker:quite solid conviction in Bitcoin and in blockchain. in
Speaker:what everyone's building here. So it's only those that I see entering the market
Speaker:that tend to lose some of that conviction and some of that vision.
Speaker:But that's normal. I mean, once you've been orange peeled,
Speaker:you sort of get that conviction back anyway. I think most people have to
Speaker:go through a bear market to really understand what this market is
Speaker:Or would you say then, Dave, that considering we're now down to
Speaker:28% from the all-time high in Bitcoin, do you think we're going into a bear market?
Speaker:No, I don't think we're going into a bear market yet. I mean, what was it? This time
Speaker:last year, we were sitting at around $40,000, $50,000 Bitcoin. To
Speaker:be complaining about $80,000 Bitcoin is probably a bit silly in
Speaker:a 12-month turnaround. I get that a lot of the
Speaker:hype around 100k BTC is when
Speaker:a lot of people started buying in and now they're down. So that's the
Speaker:nature of the game. It's a zero-sum game. If someone's buying, someone's selling.
Speaker:You know, I understand the hurt people feel. I've been through it. I went
Speaker:through it, you know, numerous times over where you've bought in and then the
Speaker:price has dropped and you've just got to hold strong and just be
Speaker:patient. And I think the old saying of time in the market versus
Speaker:timing the market has never been more important than now. So I
Speaker:just, I don't think we're in a bear market. I think we're still gigabullish, if
Speaker:I could say that. There's too much fundamentals happening around the
Speaker:world. I mean, I'm a technical trader. I trade on both technicals and
Speaker:fundamentals. You know, the fundamentals behind Bitcoin at the moment are
Speaker:just so strong and stronger than they've ever been. So I
Speaker:just don't see how we can go into a full-blown bear
Speaker:Wow. I mean, what did you make of the Trump summit
Speaker:I think it's good. I think it's a first step in the right direction. I mean,
Speaker:people were disappointed that Trump didn't announce that he was going to start buying
Speaker:you know, shitloads of Bitcoin. But I think, if anything, it
Speaker:shows an element of caution, which is
Speaker:actually a good thing long term. I think that if any world
Speaker:leader just FOMOs into Bitcoin, as much as we'd love that, for
Speaker:those of us that have been in the market a long time, I think that showing some restraint and
Speaker:showing some caution could be a good thing long term,
Speaker:especially when it comes to getting other governments on side. So I
Speaker:think that like anyone that enters the market, the
Speaker:US government will hold a certain amount of Bitcoin and
Speaker:then eventually they'll get some FOMO and I'll start buying
Speaker:some more. So, I just think it's step number one of a 10-step program.
Speaker:Yeah. Did you think the fact that they've actually separated out,
Speaker:I guess, Bitcoin separate as a strategic reserve to
Speaker:For Bitcoin, definitely. I think having a strategic reserve for altcoins
Speaker:If I can say it's a stupid decision, then I'll say that. But
Speaker:look, altcoins and Bitcoin are chalk and cheese. Bitcoin
Speaker:has become a class of its own outside of cryptocurrency, in my opinion. So
Speaker:having a Bitcoin strategic reserve absolutely makes sense. Having
Speaker:altcoins included in that As I
Speaker:said, it's ill-informed, it's a silly decision as far
Speaker:as I'm concerned, and it shouldn't be included in the reserve at all. You
Speaker:know, I don't think it will be long term. I think that, as I said, it's step
Speaker:one of step 10. And I think that he'll have a lot smarter people look at the
Speaker:situation and hopefully cooler heads will prevail and
Speaker:Yeah. So they're talking, I saw today that the government's trying
Speaker:to refinance the debt. Right. So they're trying to bring down interest
Speaker:rates. And then, of course, then hopefully we get some sort of liquidity and
Speaker:I do. I think that overall we're in a market correction and
Speaker:it's quite normal for those that are watching and listening. It's, you
Speaker:know, Bitcoin retraces 30 to 50% pretty frequently
Speaker:in the big scheme of things. So it's not uncommon. And
Speaker:I think that's all that's happening now is we're doing a liquidity hunt.
Speaker:We're looking for more money in the market. I think that where we are
Speaker:now is probably going to be a local bottom, you know, touch wood, fingers crossed,
Speaker:all those things. From here, we'll probably
Speaker:range for the rest of March to, you know, 90K and
Speaker:then April to sort of 90, 95 and so on from there. But if
Speaker:we can create some more liquidity in the market, then obviously people are going to start using
Speaker:their expendable or disposable income or extra money
Speaker:Yeah. Let me ask you, Dave, when, you know, you've been through so many
Speaker:cycles, when you come to these types of
Speaker:dips, do you still buy into these dips?
Speaker:After so many years in the market. Yeah, definitely. Are
Speaker:you keeping cash reserves at some point in order
Speaker:My overall strategy is stack stats, right? So, I'm not a Bitcoin maxi
Speaker:in terms of I will not touch altcoins, but I'm a Bitcoin maxi
Speaker:in terms of it's the only crypto that really has
Speaker:the fundamentals to become, you know, a global adopted
Speaker:currency of sorts or a store of value or a property or
Speaker:whatever you want to call it, whatever your perception is on it. However,
Speaker:I will use altcoins to stack more Bitcoin. So I'll
Speaker:actively trade altcoins, I'll move into USDT, and
Speaker:when the time is right, I'll buy more Bitcoin. You know, that's the strategy that
Speaker:I use to stack Zats in a sense. Altcoins have their
Speaker:place for me, but it's not because I like them or I
Speaker:want to own them or anything like that, it's just to grow more Bitcoin. So when I do
Speaker:have USDT, if Bitcoin's in a good buying region,
Speaker:And so outside of trading altcoins in
Speaker:order to stack more sats, are there any other things that
Speaker:you do in order to stack more sats or is that the primary source?
Speaker:No, I do some margin trading. I'll leverage trade. But the problem is
Speaker:timing. So I don't have a lot of time to do a lot of
Speaker:it these days. So I will play bigger swings. So I'm looking at,
Speaker:you know, one day to one week charts. I don't do the day-to-day
Speaker:trading or intraday trading. anymore. So yeah,
Speaker:I mean, I'm going through this phase nowadays because I've been predominantly a
Speaker:property investor. Okay. So I've made a lot of money through online
Speaker:business, mainly through Amazon and Shopify, things like
Speaker:that around the world. I put a lot of that money into property initially.
Speaker:And I think because in Australia we're so ingrained into property is
Speaker:the thing. and I was very outside of the
Speaker:crypto space. I'm fresh compared to where you've
Speaker:been, you know. I just got here. I just arrived. Welcome.
Speaker:Thank you. Thank you very much. Great to be here. And, you know, I've just
Speaker:learned so much just over the past few years. And one
Speaker:of the things I've come to because I've gone really deep down the
Speaker:rabbit hole of Bitcoin is I've now started to sell property. to
Speaker:buy Bitcoin. I'm liquidating. I'm liquidating. I'm basically just
Speaker:doing the numbers. I'm looking at where property is going to go over the next 20 years and
Speaker:then comparing it to where even, you know, Bitcoin in the last 12 months
Speaker:at 120% roughly right over 2024 and just selling
Speaker:those properties and putting that money into Bitcoin. With your
Speaker:journey, have you, I guess, veered off from Bitcoin and diversified into
Speaker:property as well, or you had property and sold property? Where do you sit
Speaker:I hold both. So I've got property and Bitcoin, but I've not sold one for the
Speaker:other. I think the smartest way to look at Bitcoin is to view Bitcoin as
Speaker:property itself. And Michael Saylor says that as well. And if
Speaker:you start to view Bitcoin as property rather than currency, then I think
Speaker:the mindset will be right in terms of how long will you hold your
Speaker:property for. before selling it, if you sell it ever? Is
Speaker:it an inheritance play? Is it something that you're going to leave for your kids? Is
Speaker:it something that you want to retire on? Will you sell a portion of it? View
Speaker:Bitcoin more as a property than a currency. And I think that you'll
Speaker:have stronger conviction, longer vision. And in the end, you'll
Speaker:come out on top far better. And of course, you'll come out on top far better than owning
Speaker:physical property. So yeah, I think if you view Bitcoin as
Speaker:property, effectively, to me, what you just said was that you're selling property to
Speaker:buy a better property. and property that's going to yield a
Speaker:higher return year on year. And ultimately, when you reach
Speaker:an age of retirement, if you decide to sell that property to fund your retirement,
Speaker:I think you're going to have a lot more there than what you will if you only
Speaker:invest in property. Even if you look at the
Speaker:rental income over 30, 40 years or whatever it is, I
Speaker:still think you'll yield higher return on Bitcoin as an investment of property than
Speaker:Yeah. Well, there's one other thing and I was just talking to Dave just before we
Speaker:started recording about the cyclone that's just hit the
Speaker:eastern side of Australia. And the funny thing was, Dave, you
Speaker:know, I'm running around frantically. I've got a restaurant that I also have as
Speaker:well. So, I'm sort of dealing with that with closures and power outages. I've
Speaker:then got some other commercial property. So, I'm going to the commercial property. I'm like, okay,
Speaker:is it going to get flooded and this, that and the other and pulling things off the floor. and
Speaker:then I was talking to someone I said you know what I'm running around like like
Speaker:my head cut off doing all this stuff and of course some staff issues
Speaker:and things like that as well the only thing I haven't had to worry about was
Speaker:Bitcoin which then gave me another reason why I should buy more Bitcoin Just
Speaker:ate more of that orange peel, my man. Yeah, just like, you know, like,
Speaker:no, more Bitcoin is the answer. In my situation, though, I also have a
Speaker:wife. So, I brought my wife along the journey as well. And she's heavily
Speaker:into Bitcoin, but probably not as where I'm at. Because I'd say, look, just
Speaker:sell everything. Just get rid of everything. Dematerialize everything
Speaker:in the house and put it into Bitcoin. Dave, is
Speaker:No. Simple answer, no. I mean,
Speaker:it's a once in a lifetime opportunity. Something like this comes up once in
Speaker:a generation, maybe even two, three, four generations. It's a
Speaker:revolution that you get once a century at best. So
Speaker:acting now could not only set yourself up, it could set up
Speaker:a whole bloodline for a century to come. So
Speaker:this opportunity won't come back. There won't be
Speaker:another one like this for another hundred years. And I couldn't even imagine what that
Speaker:next opportunity could be because Bitcoin is the the
Speaker:finest type of money that exists, if you
Speaker:could call it money. So, I don't see how you could really improve on
Speaker:that. So, whatever the next big thing is in 100 years time,
Speaker:who knows? But something like this only comes up, you
Speaker:know, once every couple of generations. And I think that anyone
Speaker:that's watching should seize it as much as practically possible. And
Speaker:I think most people get a bit disheartened or off-put because they
Speaker:think, oh, Bitcoin's worth, you know, 150,000 Australian dollars. I can't afford
Speaker:a Bitcoin. And it's seriously one of the most common misconceptions that
Speaker:I've seen over the years. And they don't realize you can buy $10 worth
Speaker:of Bitcoin. You can buy $100 worth of Bitcoin. And you can invest your
Speaker:super into Bitcoin now in Australia through self-managed super schemes and
Speaker:things like that. So a good friend of mine reached out to me, what
Speaker:was it, nearly two years ago, 18 months ago, and said,
Speaker:Dave, tell me about your Bitcoins. And he said, I want to-
Speaker:You've named them, is that it? Is that what he means? Yeah, pretty much. And
Speaker:he said, I'm thinking about moving some super into it. He said, my super
Speaker:annuation, it's done like 3% a year. It's just kind of sitting there.
Speaker:It's losing money. Sometimes it's gaining money. And he pulled half of
Speaker:his super out and he put it into Bitcoin. And within 18 months, he doubled his money. And
Speaker:he said, Dave, thanks. Now I can actually afford retirement because he
Speaker:is almost at that retirement age. And I
Speaker:just thought, wow, what a huge result from a single decision.
Speaker:So, you know, if he could do that in 18 months, imagine what people can do in
Speaker:Well, I've done the numbers, Dave. And just so you know, I actually have
Speaker:gone down, as I said before, I've gone down the rabbit hole of
Speaker:Bitcoin. And when I first started, I invested some money into getting
Speaker:some training. So, I had some idea of what I was getting into and, you know, how
Speaker:to protect the money and, you know, cold storage, all this sort of stuff. And I
Speaker:remember a guy telling me at the time, who was a trainee, said, all
Speaker:of my superannuation is in Bitcoin. And I was like, holy shit, dude. And
Speaker:at the time, I was thinking, you're crazy. Because even back
Speaker:then, I was still thinking diversification more, right? Oh,
Speaker:no, I'm going to keep my super separate. I'm going to have some Bitcoin and I'll have some
Speaker:properties. And I'm pleased to say that in
Speaker:the last probably about 18 months ago, I transferred all
Speaker:of my super over into Bitcoin. I set up a self-managed super
Speaker:fund, moved it all into Bitcoin. Now, there's other people watching this going, that Matthew
Speaker:guy is freaking crazy. He's nuts. But
Speaker:I will say though is I think the last check, I think it
Speaker:was up about 50%, right? And if I looked at where superannuation
Speaker:has gone, I actually did do a check. I think it was about 8%. That's
Speaker:if you've got a good
Speaker:I mean, not everyone's doing 8%. Some people are
Speaker:still sitting at a break even over five years on their super fund.
Speaker:If they weren't doing contributions, they'd be sitting where
Speaker:Yeah, and I guess the thing you have to think about too is the hurdle rate, right? You've got to
Speaker:get above the hurdle rate and 8% ain't getting above the hurdle rate
Speaker:as well. So let me ask you then Dave, have you done the same
Speaker:Yes. Not everything. So I'm not balls to the wall like your
Speaker:friend. Only a portion of it. Because as you said before,
Speaker:diversification is smart. It's kind of like
Speaker:a you know, when you're growing up, your parents tell you to get a trade, right?
Speaker:It's one of those things where it's kind of drilled into you. Diversify,
Speaker:don't put all your eggs in one basket. It's kind of a cautious decision that
Speaker:everyone should make with their SUBA. But, you know, as time goes
Speaker:You know, it's just... Well, maybe I've made a mistake that day because I've moved,
Speaker:I've personally moved all of my wife and my super into Bitcoin.
Speaker:And the further I go down, I'm thinking about not diversifying, right?
Speaker:You've got to bring the other person on the journey, right? And you've got to have, you know, you've got to have cash
Speaker:flow as well and all sorts of other things. And you talked about, you know,
Speaker:orange peeling, which I think is definitely, I mean, the reason why I even started
Speaker:the show with Crypto Collective is because I found that
Speaker:I was talking to a lot of people about Bitcoin. and crypto more
Speaker:more Bitcoin and I wanted to just continue talking about it and to
Speaker:more people and one of the things that you've done though in your life
Speaker:you've taken it to a whole new level not only have you done your education training
Speaker:your program but also you've created the Australian Crypto Convention
Speaker:which is probably the ultimate of orange peeling because you're able
Speaker:to put on a convention bring a whole bunch of people together can
Speaker:you tell us about that how it started for you because you've come from
Speaker:plumber to now founder of the Australian Crypto Convention
Speaker:Hey, just quickly, if you're ready to dive deeper into crypto and Bitcoin and
Speaker:build real wealth, join my free crypto collective
Speaker:community. It's where I share exclusive insights and strategies and
Speaker:live discussions to help you succeed, whether you're a beginner or
Speaker:scaling your portfolio. Click on the link in the description and join
Speaker:Yeah, it's been a pretty big journey. So I went from carpentry into
Speaker:crypto, basically. I owned a gym as well. So I owned one
Speaker:of the 24-7 gym franchises. I've
Speaker:done a few things and I mean,
Speaker:starting ACC, it was a case of I wanted to go
Speaker:to a big crypto event and there
Speaker:wasn't one. And I'd look overseas and I could see that overseas
Speaker:was doing crypto events all over the place. There
Speaker:was nothing in Australia. And as you said, I'd started an
Speaker:education program and I was teaching people by the hundreds, which is amazing,
Speaker:but it just wasn't big enough. And I thought, well, if we could start a huge event
Speaker:here in Australia, you know, we could bring thousands of people in. And to be honest, I expected,
Speaker:you know, a couple thousand people at best to show
Speaker:up. And this was back in
Speaker:2022. And our first event, we had nearly 5,000 people turn up on the Gold
Speaker:Coast. And it just totally blew my mind. And I knew we could do it. I just
Speaker:wasn't convinced of it myself in a way. So it
Speaker:was amazing to see 5,000 people come through the door. And that was during the big
Speaker:NFT boom as well. So a lot of the people that were there were
Speaker:actually bought in through the NFT side of things rather than the
Speaker:currency side of things. which I found quite interesting because I don't
Speaker:get into NFTs, I've never got into NFTs, it's not really my thing. So
Speaker:I was learning new things as well because we had, you know, over 100 speakers there
Speaker:and some of them were on stage talking about NFTs and some of the community were
Speaker:running around talking about NFTs. So I think the biggest thing
Speaker:to understand in the community or in
Speaker:your journey is that there's always something to learn and that the industry moves so
Speaker:fast that Even the self-proclaimed
Speaker:experts still have something to learn on a daily basis. So there's
Speaker:new technology coming out of the industry every day,
Speaker:every week, and education is going to be key. And the other thing that I
Speaker:found was so many people would message me on
Speaker:Facebook or Twitter or whatever and say, please help, I've lost money, or
Speaker:can you teach me how to do this? just
Speaker:drowning in, you know, I bought some Bitcoin or I bought some altcoins and
Speaker:now it's going backwards. So I wanted to educate people because
Speaker:everyone kept calling it a scam. And Bitcoin's a
Speaker:scam, Bitcoin's a scam. And to be honest, it was driving me insane that
Speaker:people couldn't really see what Bitcoin was and what crypto was. And
Speaker:just like TradFi World, there's scams, of course, but there's scams everywhere.
Speaker:So I just wanted to educate people and show people that it's real and
Speaker:that it's tangible and that you can talk to
Speaker:the businesses that are involved in the space and you can meet the people
Speaker:that are building these cryptocurrencies and these
Speaker:protocols. and show them that it's a tangible, real
Speaker:industry, just like any other tech industry, and try and instill
Speaker:some confidence in people. And I think we've done a really good job of that so far. And,
Speaker:you know, we work with some of the biggest brands in the world that come to the event. And, you know,
Speaker:it's really good to see that they get to talk to their customers and
Speaker:I think it's incredible what you've done, because it's I mean, you
Speaker:talked about balls to the wall with self-made sleepers. It's balls to the
Speaker:wall putting on a convention because you're putting a lot of time and money on
Speaker:the line and you're hoping it's going to be a huge success. And it looks that
Speaker:the past ones have been massive successes. You've even had, I noticed,
Speaker:Michael Saylor, who's certainly someone who I look
Speaker:up to and follow religiously. I'll probably say zealot now. And
Speaker:I've got to ask you though, Dave, do you have Michael Saylor's phone
Speaker:number? I do. Have
Speaker:Michael is an absolute gentleman. He's one of the nicest
Speaker:guys you'll ever talk to. His conviction in Bitcoin is
Speaker:unparalleled by anyone. And he loves it
Speaker:so much that he just wants to spread the word. He just wants to educate
Speaker:people as much as possible. And he does it every day. You see
Speaker:him on news programs every single day, podcasts every single day. Like the
Speaker:guy is running a multi-million dollar business. But
Speaker:he's still got time to educate people. So,
Speaker:He's a workaholic. Now, tell me, how did you manage to get Michael Saylor
Speaker:What was the secret? We just annoyed the hell out of him, basically. It's like
Speaker:any big-name speaker. You've just got to grind away, keep
Speaker:contacting them. And just saying, look, we've got a
Speaker:huge community here in Australia that love the industry and love
Speaker:crypto and love Bitcoin. And they'd love to hear from people like you. And,
Speaker:you know, last year we had Charles Hoskinson and Raoul Pal and Rachel
Speaker:Colin from Binance and a few other big, big names. And you've just got to
Speaker:really hound them and try to convince them to come and speak at your event. The first
Speaker:one was the hardest one. And I've been pretty fortunate because over the years, I've built
Speaker:a lot of contacts in the space. And before I even launched ACC
Speaker:in 2022, I had a lot of industry partners and industry
Speaker:friends and industry connections. So it did make it
Speaker:a bit easier for me than what it could have been for someone else. And
Speaker:then as we've run the event each year, that contact list grows
Speaker:and that network grows. And if I don't know someone, then you can generally call
Speaker:a friend and a friend of a friend knows them. You know,
Speaker:so it's easier to get in contact with some of these people now than what
Speaker:it was back in 2022. But yeah, ultimately, it's just having
Speaker:the right network, having the right people around you and annoying the hell out
Speaker:Well done on that. I want to ask you as well, because you had someone there
Speaker:from the political spectrum at your last, I think it was your last
Speaker:conference, which was Senator Andrew Bragg. Can you tell me more
Speaker:so from a political perspective? Because we've seen so much now come
Speaker:out of the USA. But Dave, what is happening in Australia
Speaker:Not a lot, I don't think. We've got people like Senator Bragg that is
Speaker:pro-crypto. And I know that The folks from DECA,
Speaker:once known as Blockchain Australia, they're working hard with government to
Speaker:try and have some pro-crypto regulation and at
Speaker:the very least have the conversation about it. And Amy Rose, who's
Speaker:the CEO over there, a good friend of mine, she's doing a great job. So I
Speaker:think that we are seeing some progress in
Speaker:that sense, but it's going to take time. It's going to take years in my
Speaker:opinion. And without people like Amy Rose and organizations
Speaker:like DECA, those conversations just won't happen. At
Speaker:the moment, we're sort of stalled. We're behind the US. I'm hoping that the US
Speaker:will influence some Australian politics around cryptocurrency. It's
Speaker:already influencing UK and other parts of the world. So I'm hoping
Speaker:that Australia will follow suit. I mean, what's the saying? When
Speaker:America catches a cold, Australia sneezes or some shit like that. I
Speaker:think that whatever the US does, Australia will follow suit eventually, but
Speaker:it's going to take some time. But at the moment, there's really not a lot happening
Speaker:It's really disappointing, Dave, because you see what's going on around the world.
Speaker:And it's not just the USA, it's places like El Salvador and
Speaker:Bhutan, who's, you know, they're mining their own Bitcoin. I'm sitting here
Speaker:thinking, where is the leadership in Australia to sort of look forward thinking?
Speaker:And it's great that you actually had Senator Andrew Bragg come to
Speaker:one of the conventions and speak, I guess. Is there any other political thought
Speaker:leaders or coming in any, I know you've got another convention coming up
Speaker:22nd to the 23rd of November in 2025. That's in
Speaker:We're hoping to have some speakers from ASIC come through. And for
Speaker:me, a big reason for that is there's a lot of grey area
Speaker:to operate in for businesses in Australia. So
Speaker:especially DCEs, exchanges. So I
Speaker:think that people like Andrew Bragg lobbying for pro-crypto regulation
Speaker:will help influence ASIC's decisions around a certain
Speaker:number of topics. So we are hoping to have some ASIC representation
Speaker:this year, which I think will really help a lot of the businesses that come to our
Speaker:event. Because we've got almost 100 exhibitors, which are businesses, Australian
Speaker:businesses that come to the event. But we've got, you know, last year nearly 10,000 people
Speaker:came through the door. Say, you know, a third of them or 20% of
Speaker:them at least own some kind of a business. And most
Speaker:people that own a business that are also in the crypto, they're looking at other entry
Speaker:pathways into crypto businesses. But the problem we
Speaker:face in Australia is that the tax laws and the ASIC
Speaker:laws are so strict, people are too scared to
Speaker:operate. So they're setting up overseas instead. You know, so much Australian talent
Speaker:is going to Singapore or Seychelles or
Speaker:Caymans and, you know, because there's no way for them to
Speaker:operate a business here in Australia and the tax laws are so strict. And
Speaker:high. Tax implications are so high. Yeah. So, I
Speaker:think that if we can get a lot of these decision makers in a room together
Speaker:and just nut it out, so to speak, you know, we hopefully will
Speaker:Yeah, one of the things I think, which is great, Dave. Ultimately,
Speaker:I think Bitcoin is freedom money. I love the fact that it's
Speaker:decentralized. I think coming out of the pandemic
Speaker:of recent years really opened my eyes to being,
Speaker:I guess, not under the thumb of the government. from
Speaker:every level. And I wonder if there's
Speaker:a sense in Australia, from a government point of view, is that that's
Speaker:perhaps why they don't want to go down this route. And
Speaker:look, maybe it might take a leadership change in Australia, a prime
Speaker:minister change from the top down. We've got an election coming up now
Speaker:in May this year. I know Andrew Bragg sits on the conservative side
Speaker:of that under Peter Dutton. So look, maybe we'll see some
Speaker:different policies come out down that way. I want to just switch into
Speaker:banking, Dave. I heard recently that it was Peter Dunworth, which
Speaker:I'm sure you know, he was saying that he heard of
Speaker:two of the major banks in Australia already putting together frameworks to custody
Speaker:I can't say too much because... It's top secret. A
Speaker:little bit. Yeah. So, we work with banking partners
Speaker:through the event as well. So, we talk to all the big
Speaker:four banks. Okay. The banks come and they speak at our event. We've
Speaker:got a lot of, I suppose, mutual industry connections and
Speaker:things like that. So, I do know a little bit about it and I do know that it's
Speaker:actually been happening for a number of years, probably three or four
Speaker:years now. The top four at the very least,
Speaker:have been exploring cryptocurrency and blockchain technology
Speaker:and building out those custody frameworks. So I
Speaker:can confirm it is happening. The problem with the banking is that they get
Speaker:10 steps forward, 12 steps back. So the staff attrition
Speaker:rate doesn't really, no one sticks around long
Speaker:Well, I think they get forward-thinking staff member that
Speaker:starts to implement a strategy around blockchain and crypto, and
Speaker:then that forward-thinking staff member will disappear or go somewhere else,
Speaker:and then they're back at square one again, and they're starting over. So that
Speaker:seems to be what happens a lot, from what I can tell. So,
Speaker:you know, you've got entire teams that have been built in
Speaker:some of these banks to, I suppose, grow or learn more
Speaker:about the blockchain technology and how they can implement that in the banks. And then those
Speaker:teams are basically dispersed into different areas. And then the
Speaker:teams are rebuilt again. And it just seems to be the same cycle over and over
Speaker:again. So it will happen eventually. There's no doubt about it. and
Speaker:when it does i don't know if it's a good thing or a bad thing i don't know if you actually hold your
Speaker:own coins or if the bank will hold it and and just
Speaker:give you an iou of it you know i don't know how it's going to work just
Speaker:yet but i know that they're actively building something like that interesting that you
Speaker:said that the major banks are coming to your convention is there any backlash because
Speaker:trying to and you would know this and from I guess many
Speaker:of your clients I've seen this in my little community people I talk
Speaker:to they get ready you know they might say they've they've taken all
Speaker:their super out they've put it into a bank it might be two
Speaker:or three hundred thousand dollars they're now prepared to put this into an exchange to
Speaker:buy bitcoin they then do their first transfer it's rejected
Speaker:right it's blocked they're going to spend days and days trying to get
Speaker:through all this rigmarole about why they were allowed to transfer money
Speaker:in Have you seen anything in
Speaker:that space that could give people some sense of relief
Speaker:that maybe the tide's turning? Or is there something inside
Speaker:that you know, like a bank that you know that, hey, this is the bank to deal with?
Speaker:It's incredibly frustrating. Everyone is suffering the
Speaker:same problem. Everyone's in the same boat when it comes to
Speaker:onboarding money into crypto. I've got my own
Speaker:theories around why, but you know, they're theories, they're
Speaker:not fact. But I think that with more pro-crypto regulation,
Speaker:we're going to have more pro-crypto banking. The
Speaker:fact that we've got banks building out frameworks for
Speaker:this already is a good thing in terms of how much
Speaker:money you'll be allowed to onboard. I
Speaker:don't like the term allowed because it's your money. You should be allowed to spend it
Speaker:on whatever you feel like. It's one of those things that really
Speaker:irks me. That and debanking as
Speaker:well. Debanking is a huge problem in the crypto space, and I
Speaker:don't think that's going to go anywhere anytime soon either. But ultimately, the fact
Speaker:that banks are building out the frameworks, then eventually the
Speaker:problem will go away. It just means it depends on how
Speaker:will it look later. So, okay, sure, you can now put $100,000 per day into
Speaker:crypto, but we're actually going to hold your crypto and your assets and you
Speaker:can't move it to cold storage. Is that how they're going to do it? Are they going to
Speaker:make interest off it? Who knows what that looks like just yet. But I don't think
Speaker:Is there any way that you know getting money into these exchanges? What
Speaker:There's really no way around it, man, unfortunately. Some banks are better than
Speaker:others, I think. And it changes frequently as well. I think Bank
Speaker:of Melbourne maybe was one that people didn't have problems with. The
Speaker:Big Four, everyone's had problems with the Big Four. Maybe Greater, Greater
Speaker:Building Society. I think they were a good one at some point,
Speaker:but it changes so frequently that it's kind
Speaker:of hard to keep up with. And outside of a peer-to-peer transaction,
Speaker:there's really not much else you can do. I mean, the only way
Speaker:to do it in Australia is to purchase through a bank. through
Speaker:your card or through a bank transfer. There's offshore exchanges that
Speaker:people can use. So some people will use their credit cards or
Speaker:their Visa card or debit cards to buy crypto on offshore exchanges,
Speaker:which I don't think have the same restrictions. But you're then running
Speaker:the risk of putting your money into a foreign entity. And if
Speaker:something does go wrong, there's really no repercussions or
Speaker:any way to get your money back. So you just got to be careful and weigh the risks.
Speaker:Yeah. Dave, you've got, obviously, you've been in the industry for
Speaker:such a long time. There's people that I see around me, though, who
Speaker:have also accumulated a lot of wealth through crypto, who
Speaker:are leaving Australia for mainly tax reasons. And I
Speaker:guess they don't like the restrictions that they have in Australia. Is, I want to say, having a
Speaker:plan B or having a second passport or moving outside into
Speaker:Yeah, definitely. I think Australia needs to catch
Speaker:up with some other regions of the world in terms of taxing
Speaker:crypto. The tax rates are just stupidly high.
Speaker:Yeah, I mean, it's something that, again, it
Speaker:really burrs me up, to be honest. But yeah, I think
Speaker:you're right. A lot of people are moving to Dubai or Malta
Speaker:or, you know, Seychelles even. A lot of other countries that don't have
Speaker:as high tax, or in some cases any tax, like to buy on cryptocurrencies. Trump's
Speaker:saying that he's going to make the US a
Speaker:tax haven for cryptocurrencies. And if that's something that
Speaker:actually comes into fruition, then maybe Australia will, to a degree, follow
Speaker:suit. Even Singapore, a lot of people are going to Singapore. I
Speaker:think Singapore's only doing about 10% tax. So Australia's losing,
Speaker:and will lose, a lot of revenue, tax revenue over the next 10 years
Speaker:because they're scaring people out of the country. So while
Speaker:they're cashing in now, it'll sort of shoot themselves in
Speaker:So, what's the reason then you've stayed in Australia? What's
Speaker:Work is here. Everyone's here. So, yeah,
Speaker:I mean, there's really no other reason apart from that. If
Speaker:I didn't have what I have here in terms of people around
Speaker:Lifestyle and families kept you here. I've got children, you know,
Speaker:they go to local schools, you know, there's a lot of things that you think about. Yeah,
Speaker:Not really. My wife's family is from Malta, so that's
Speaker:come up a couple of times. Dubai, just anywhere really. I'm
Speaker:not really too fussed. Not fussed. But again, kids at school,
Speaker:our parents and main laws and all the families here,
Speaker:so it'd have to be something pretty drastic to make me want to move overseas at
Speaker:Yeah. Talking about family and you've
Speaker:got children, do you think about legacy
Speaker:for your family through Bitcoin and what does that look like, like
Speaker:I do. I mean, I look at Bitcoin as a way for everyone
Speaker:to create sustainable and generational wealth. And
Speaker:as I said at the start of the call, this opportunity only comes
Speaker:up once every 100 years if you're lucky. So I look at
Speaker:it as not just a superannuation for myself or a way
Speaker:to retire comfortably or anything like that. I look at it as what can
Speaker:this be in 30, 40, 50 years? How much can it
Speaker:grow and how much can it benefit my kids and their kids? I
Speaker:look at it in a much bigger picture than I think most people do. And
Speaker:for me, it's kind of like a big part of the reason I do the convention and
Speaker:a big part of the reason I speak at events and I suppose spread
Speaker:the word of Bitcoin. It's almost like a... I'm going
Speaker:to get in trouble for this. It's almost like a Jehovah's Witness knocking on your door, right?
Speaker:So they knock on the door because they believe in something. Whether
Speaker:you believe in it or not, it's irrelevant. They knock on your door because they believe that
Speaker:they've got this divine power that everyone can benefit from.
Speaker:And for me, that's Bitcoin. Bitcoin is that religion. Bitcoin is that divine
Speaker:power that I want everyone to win. I want everyone to get
Speaker:the benefits from. Because like you said before, COVID brought to
Speaker:light a lot of things for a lot of people. Anyone that knows me
Speaker:and anyone that's watched me on a podcast in the past probably knows that I love a good conspiracy
Speaker:theory. And the government has far too much control
Speaker:over us as a people. And, you know, as you said before, Bitcoin
Speaker:is a freedom money. It gives us an ability to claw back some
Speaker:of that freedom and some of that control ourselves. So it doesn't happen
Speaker:with 10 people or 100 people or 10,000 people. It happens when
Speaker:the entire country comes together and uses Bitcoin. So
Speaker:for me, it's bigger than just myself. It's bigger than
Speaker:you and me. It's a movement that deserves the
Speaker:Yeah, that's so well put. I completely agree with you. I'm now thinking
Speaker:very much like you, thinking in 40 years
Speaker:time, you know, when my children are basically
Speaker:almost 50, what's the world going to look like? And I think Bitcoin
Speaker:is the answer, you know, that encompasses that and legacy. And I'm
Speaker:also talking to people about putting something out there that's more than them. So, you
Speaker:know, people talk about leaving something for a charity, for
Speaker:example. And I said, well, why don't you sanction some Bitcoin for
Speaker:the future for that charity when you pass away and you're forgotten
Speaker:about and you know, XYZ charity now has Bitcoin
Speaker:that you've left them for in perpetuity, which I think is really, really powerful
Speaker:when you start thinking outside of your own, even your own self and
Speaker:in giving back to others. Dave, you've obviously doing a
Speaker:lot of giving back in the community with the Australian Crypto Convention. What's
Speaker:in store for 2025? Can you give us some insight to
Speaker:Well, I mean, for this year, our focus is just refining
Speaker:and making the event as sophisticated as possible. We've grown the
Speaker:event year on year by about 50% each year, which is
Speaker:wonderful. I'd love to see over 10,000 people come
Speaker:through the doors this year. That's a personal goal for me. But
Speaker:in terms of what we're focusing on, it's it's about refining
Speaker:and sophisticating. So we want high quality speakers, high quality
Speaker:educators up on stage so that if we can get even 5,000 people
Speaker:that are new to the industry that are there to learn, they're going to be learning from the very
Speaker:best. And that's the goal for me. Of course, we've got the parties
Speaker:and we've got all the fun stuff and we've got the crypto bros and actually
Speaker:you know it's a good you got the xrp army there oh they're everywhere man
Speaker:oh you gotta watch out for them they're deadly last
Speaker:year i think we had about 10 side events where companies like
Speaker:coinbase or binance that they'll put on a party around the
Speaker:event on sort of the Thursday or the Friday or even the Saturday night.
Speaker:We had the official after party on the Sunday last year with Swift
Speaker:X. We hired a huge super yacht, 800 people. We did a big drone show
Speaker:and all sorts of really cool stuff. So if you're thinking about coming, it's
Speaker:in Sydney again. We do have a super yacht again. It's the biggest super yacht
Speaker:It's a lot of fun, man. And I mean, we've got fun activations at
Speaker:the event, bull rides, and we had a dive tank last year.
Speaker:Prizes is a big thing. So the big dive tank last year,
Speaker:I think there was about 120 grand in prizes in the bottom of it. People would dive down
Speaker:There was a lot of diamond rings and all sorts of stuff.
Speaker:So that was run by a company called YX out of Sydney. And
Speaker:they put on a really cool activation with the dive tank last year. So
Speaker:there's heaps of prizes. This year, we're already talking with a
Speaker:lot of companies. I think we're up to about $2.5 million in prizes to
Speaker:go out this year, which is our biggest pool yet so far. And we're going to continue to
Speaker:So there's something for everyone, man. There's a lot. It sounds like
Speaker:it's going to be absolutely amazing. I just want to say to people who are watching this now, if you go
Speaker:back to YouTube and look at the 2024 convention, you get an
Speaker:idea of how successful that was. I mean, you
Speaker:are not playing small here. It is incredible. And
Speaker:it's so professionally put together. Now, I've got something for you,
Speaker:Dave. And this is a bit of a conspiracy for you. See, you're one
Speaker:step away from Michael Saylor. Michael Saylor is one step
Speaker:away from President Trump. Okay. Speak
Speaker:to Michael. He speaks to President Trump. He pushes the price up.
Speaker:He puts out an announcement. The price goes through the roof. There's an all-time high.
Speaker:Okay. All-time high brings more people to the
Speaker:I like your stuff. Thanks, Dave. Really appreciate you coming on
Speaker:board. I think we'll leave it there on the on the conspiracy to
Speaker:build the Australian crypto convention and a new all
Speaker:time high. All thanks to Dave. Dave Haslock. All
Speaker:right, mate. Thank you so much for joining me. No worries. Thanks, man. Hey, one
Speaker:question for you. November 2025. What's the price of Bitcoin going to be? Oh,
Speaker:November 2025. It has to be an all time high because we're going to
Speaker:make that happen. So I'm going to say it's going to be 150. Me too,
Speaker:Okay, why are you going so low? Yeah, 170, let's
Speaker:go. 150 to 170, that's my range that I'm aiming
Speaker:for for November. Wouldn't it be awesome? And also, hopefully,
Speaker:we have no tax on crypto. There we go. Not that I'm selling.
Speaker:Me too. I'm not selling. Never sell your Bitcoin. Never sell your Bitcoin.
Speaker:There you go. You've heard it from the man himself, Dave Hasselhoff. Thanks
Speaker:so much, Dave. Take it easy. Cheers. Thanks for tuning in to Crypto Collective.
Speaker:If you've enjoyed this episode, the best way to show your support is to leave
Speaker:a five-star review on Apple Podcast or Spotify and
Speaker:make sure to subscribe to the YouTube channel so you don't miss an episode. You
Speaker:can also find more of me at I'm Matthew