The Bitcoin cat is out of the bag. There's no stopping Bitcoin. As

you grow your Bitcoin portfolio, you will be shocked

at the growth. If you're someone new to Bitcoin, that's

great, but you're going to have to now try and get your money from your

bank account into your crypto exchange. What's

the top three predictions for Bitcoin-backed products? 20 years

from now. What we've seen to date is I've heard in

recent weeks that two out of the four major banks in Australia implementing,

discussing, however you want to call it, options to also custody Bitcoin

in Australia. 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 the Crypto Collective. My

name is Matthew Fraser. And in this episode, I'm going to be answering your

Q&As. And I want to say, first of all, a big thanks to all those

who have sent me DMs and messages, and

also within my private school community called Crypto

Collective, which you can join. Find the link somewhere in the description. Thanks to all the

members who have sent questions to me as well. So let's get into it. All right, guys,

the first question is, What

is causing the current Bitcoin slowdown? But

then also, what has been causing it to drop? Well,

that's interesting because I would actually say that although Bitcoin

in recent times has reached an all-time high within

probably the last two months, it went up to about $109,000. As

of recording today, it's sitting at $98,000. And in

that time, it has come down to, I think

it came all the way down to about $93,000. Now, in

my opinion, that's not a huge drop. Like

a huge drop would be if it went from 109,000 and dropped like 50% down to like 50,000. me

would be a huge drop this current action is what we'd call sideways action

it's just a chopping sideways up and down within a particular range

and you would say the average price point right now is

probably around 95 to 97 thousand dollars average

and it's been like that for a few weeks now what's

interesting though is we've actually come up from if you think

back to 2023 it was around 16 15 000 us dollars a coin so it's definitely

up. And in 2024, Bitcoin rose by

120%. But what's interesting is particularly new people that get into the

Bitcoin space or the crypto market, they come in at the highs.

So when if they got into $109,000 and now it's sitting

at $98,000, they're scratching their head. They're thinking, hang on a second, I

thought Bitcoin just goes up. But of course, Bitcoin,

if you look back in all of history, Bitcoin doesn't just go

up forever. It goes up, there's corrections. It

goes up, there's corrections, like sideways action.

And then at some point, like every four years, which is the cycle

of the crypto market, every four years, it then comes back down

again. It comes down all the way after a bull market into a

bear market, which is where it comes down to its lows again. And that has been the history

of the crypto space since the dawn of time now, upwards of

16 years. So those who get into the top, though, are now

thinking, what's happened? It's dropped. Well, it hasn't really

dropped. We're still actually in a bull cycle. So

the expectation for 2025 is that it could actually reach

somewhere. Some people say $500,000, even upwards

of a million dollars. I mean, I'm not saying that's going to happen. I'm just

telling you that some, experts who are much smarter

than me, they're predicting those sort of prices. For those who are a little bit more

conservative, there are some other price predictions out there for Bitcoin in 2025, which

is around $150,000 odd. So let's see what happens.

But basically, what's keeping it afloat right

now is the buying pressure, right? There's a lot of institutions,

nation states, and big corporations that are buying. Because

the argument would be that if it really did drop, you wouldn't have that buying

pressure. So they wouldn't be in the space, including things like the institutions like

BlackRock, right, who are still buying up a ton of Bitcoin for

the ETFs. So basically, I think the essence

behind this question, really, the response is there's really no cause

for alarm. Now, that's different though to what's happened

in the altcoin space. The altcoin space has been completely

decimated. And yes, I do hold some altcoins. I've

got some altcoins that have seen now up to

a 70% drop. But you've got to keep in mind, my portfolio is

balanced, right? I wear the Bitcoin hat. I've

got the hot all number plates on my car. I'm definitely

into Bitcoin. But I do have some smaller amounts

of money in altcoins. And look, they're complete gambles. If

they went to zero, it wouldn't even matter, right? Because my

wealth is going to be created through Bitcoin. So if you're one who can't

handle 70% drops, for example, don't

put your money into altcoins because you could get absolutely wrecked. Okay,

guys, next question. What's the top three predictions for Bitcoin-backed products

20 years from now? This is going to put my thinking hat on. Well, I

can say that what we've seen to date is a

huge amount of interest in Bitcoin. Obviously,

we've had the ETFs, which got approved in early 2024. So

that's really given a big tick to Bitcoin from an institutional

level. And you've now got nation states who have also started

buying up Bitcoin. El Salvador being probably the

most famous of countries that have bought it up to put in their treasury.

They don't even just buy Bitcoin, they're actually mining Bitcoin. They use

a volcano and they use the power from the volcano to mine more

Bitcoin. definitely invested into Bitcoin.

But then through 2024, we saw some other incredible things.

One, we saw the election of Trump. He's the first Bitcoin president

that we've seen for the US. Now, the US, whether you like

it or not, it does lead the way as far as markets and sentiment. Now,

as of recording this, it's early 2025. Trump

has now been one month in office, and there's been

a range of, I won't go through all of them, but there's been a range

of pro-Bitcoin initiatives that have been put in place. Because

of that, we've now seen even banks like Bank of America and

JP Morgan, they're now saying that they will start to

custody Bitcoin. So when we're talking about products, over

the next 20 years, it's hard to say what's going to be happening in 20 years

time because AI is going to be playing such

a huge impact. It's going to have a huge impact on

our life. Just even the optimist robots. Can you imagine when

everyone in basically the world has an optimist robot in

their house? I mean, I'm definitely going to have probably, I'll need one

in the house. I'll need about three down at

the restaurant to help clean the place down. Probably have one to

do the car. A specially trained robot just to polish the

car collection. That's what I'm going to have. but there

are banking products. So there's gonna be a lot of banking products. Now, already today, we've

got banking products, or I should say, not necessarily banking

products, but finance products. Now, for example, I

already use one of those finance products, and I've been testing this just in

recent months. And what it is, is a company that will

lend money to you backed by Bitcoin. So

just quickly, how does this work? I give them my Bitcoin,

I post that up as collateral, so security, they

then give me back 40% of that, which is cash. So if

I give them $100,000 worth of Bitcoin in today's dollars, they'll

give me $40,000 in cash, which I can then, which is a loan, right?

And so that's just one thing. I've also heard

in recent weeks that two out of the four major banks in

Australia are talking about, or actually implementing,

discussing, however you want to call it, options to also custody Bitcoin

in Australia. Okay, so that is absolutely massive.

Now, the question is going to be like, okay, well, the bank now holds

Bitcoin. How does that now benefit my life? There's actually a few things.

One is people do trust banks in Australia. They

probably don't trust them in Africa. They probably don't trust them in Lebanon. But

in Australia, you do trust the bank so if the bank's now

holding the bitcoin you're going to feel better about it

because at the moment the banks in australia don't hold bitcoin you have to

hold bitcoin yourself if you don't hold it on exchange my this

on a side note my advice to you is actually to not hold your bitcoin on

an exchange and if you want to learn more about that, come into the community. I offer

a free community with lots of information. Just find

the link somewhere in the description and I can go through all those types of things. So you're

going to be able to do lending on your Bitcoin. So the bank's going

to hold your Bitcoin and you could borrow against that Bitcoin to

perhaps buy a house. That'll be one way. You

might have also to buy them. Custing the Bitcoin is

going to attract more people to Bitcoin. That's what I want to get to. So more

people are going to hold Bitcoin, lend against your Bitcoin to buy other things

with your cash. A few things that I think that

will happen. The other thing will be to do type of

split type deals. So banks might actually accept

or even sellers will accept Bitcoin like

you're going to buy property. They might actually just take Bitcoin. The bank will then custody that

Bitcoin. Maybe they'll lend against it. If you wanted to do renovations, for

example, on your home, your Bitcoin has gone up in value. You can now pull out

more money against your Bitcoin. All those types of things. And

I think the traditional finance world, what we've seen as

of late, is they are certainly on board. I think in retrospect, they

were not on board. They were trying to squash Bitcoin as

much as possible. But I think, like they say, the Bitcoin cat

is out of the bag. There's no stopping Bitcoin. People have

got to remember, Not one bank, not one nation state,

not one person, not one company controls Bitcoin. So

even what's happened in many, many years ago, Bitcoin was

banned in China. Didn't do anything. It just meant that other people

around the world just kept accumulating Bitcoin, transferring Bitcoin,

utilizing Bitcoin. The Chinese were the ones who were left

behind. So there's no government now that's really going to put themselves in

a bad position, I think, or their people, because it would be to the detriment of

their country. Thanks for the question. Okay, next question. Will Bitcoin-backed loans

from banks be normal? Will Bitcoin savings accounts have replaced fixed-term

deposits in fiat, meaning just general currency? Will Bitcoin

be included in all life insurance policies? Well, I kind of covered a

lot of that in the last question, but as far as life

insurance, that's an interesting one, because this is something that I've been

thinking about myself. Now, I personally have life

insurance. I hate paying for life insurance, but it's kind of like one of those

things that I think that I need to have. And what's so interesting is

that I can't even believe that insurance companies will insure you

for life insurance or death and disability, right? If you get some

sort of a cancer, if you lose a leg, whatever, because there's one

thing that you can guarantee in life, and that is you will die. So

they're insuring against that, which is bizarre. Mind you, you do pay for

it though. Now, the only reason why you would even have life insurance is because if

you were taken out of the picture within your family, who's the breadwinner, right?

So maybe you have enough life insurance to pay out your mortgage and some other debts.

Maybe it's enough to do the mortgage and a lump sum of

money for the rest of your family to live into the future without

having to rely on your income. But you will get to a point where once

you become multi-millionaire status, you

then start thinking, hang on, I'm now self-insured, meaning

I've got so much money and assets that I don't need to be

paying for this insurance policy because I've already got the money. So

even if I was to pass away, my family still got a whole bunch

of properties and Bitcoin and cash and whatever it is, right? That said,

you may just have an insurance policy that just pays you out because you

need liquid cash straight away. Now, the scenario would be that if you were very, very

heavy in properties, and the income was taken away,

and you need to access cash immediately, it takes a

long time to sell property, generally. Whereas if you passed away

and you had a life insurance policy, it will just pay a million dollars straight into your bank

account today, and then you can worry about selling the properties later if required. Now,

how does that tie into Bitcoin? As you grow your Bitcoin portfolio,

Do the numbers, right? Because you will be shocked at

the growth that we obviously we've had 120% in

2024. The average for Bitcoin over the past

sort of four or five years has been sort of 50, 60%. So if you

take those sort of numbers even at 30% into the future, it's

going to be quite staggering. And you could end up in the hundreds of millions, if

not in the tens of millions of dollars of wealth in Bitcoin

terms. Ask yourself, Will you need, if you've got 20, 30, 40, $50 million

worth of Bitcoin sitting in your fund, it could be in the bank by then, do

you need life insurance? The answer would be probably not. You've

got Bitcoin. And the other thing is that, unlike property, Bitcoin

is liquid. So you can sell it immediately to

get cash if you need it. So if you had a $50 million portfolio of

Bitcoin, you've passed away. Now your family needs to access $1 million.

You can sell $1 million worth of Bitcoin to use for whatever purpose you

want. So that's what I think is going to happen in the future. I actually think the life

insurance policies will no longer be required for

those who hold Bitcoin. Think about that. All right, next

question. Is paying for another company to host mining machines for

us the best way to scale or holding in the long term?

Considering mining will need to continue as it is for at least

the next 115 years. Now, just a bit of context behind that, the way

Bitcoin is produced, and this is very sort of broad, the way Bitcoin is produced

is through mining machines. Okay, so the mining machines, they spit

out the Bitcoin and that's how you get it. Now, what you can do is

if you wanted to, just like what I do, I actually have my

own Bitcoin mining machines. Now, I don't hold them myself

in my house or in a warehouse. I have bought the Bitcoin mining

machines and they're hosted for me in Norway, right

through another company. So they take care of the mining machine. They

look after the, more importantly, the power to run the Bitcoin mining

machine. They look after the servicing, et cetera. And

that Bitcoin mining machine spits out Bitcoin to

me every single day. I actually would have Bitcoin in my- because I actually

do own a warehouse. So I was actually even thinking about, why

don't I put a whole bunch of Bitcoin mining machines in my own warehouse? Genius!

The problem with it in Australia is the cost

of energy. The cost of energy in Australia is ridiculous.

And unless I was to have my own nuclear reactor in

the warehouse that kind of serviced it, which is what some companies are now

looking to do in other parts of the world. They have their own sort of small modular

nuclear facility to power their warehouse. If

I have one of them, which then becomes like free electricity forever and

ever and ever, you would definitely have your own Bitcoin mining machines. I

don't have that, so it's outsourced. Now, in

my opinion, it's a great, great thing to do. One is

I just like being a part of the system. I like owning a Bitcoin mining machine,

so I've now producing my own Bitcoin. The Bitcoin that comes to me is what's

also called virgin Bitcoin. It hasn't been passed around through

the group, right? The group of the world. It comes straight from the mining machine,

straight to my cold wallet storage no one else gets to

touch it and it actually isn't delivered

to me at a retail price it's delivered to me at a wholesale price

so when you buy your bitcoin through an exchange you're

paying a premium all right because the exchange has to make

money they're providing a service of selling it and of course there's a

little bit of fees involved as well so ultimately i'm getting more

Bitcoin for my buck. The thing to consider, though, with Bitcoin mining

is that the machine that you buy is only going to last probably up to five years. And

then you're going to buy another machine, because your machine now becomes obsolete. There's

new machines that are more efficient. They probably use less power. They're going

to spit out more Bitcoin based on bank for buck type value.

So thank you very much for the question. But I do

like Bitcoin mining machines, something for you to consider, too. Now,

if you're someone that is thinking about getting into Bitcoin mining, I'm going

to give you some really rough numbers. in Australian dollars. One

Bitcoin mining machine that I've bought, $6,500 for one

machine. It's gonna last about five years. It costs about $4,000 a

year in running costs, okay? That leaves you $2,500 left over

after you pay for expenses. 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. All right, here's an interesting question. This

is high level stuff here. Do you think that Trump will introduce

a USD stablecoin within the next 12 months? I'm

going to say probably not. And

the reason why I say that, and I'm not a chief economist, and

I'm not in Trump's Oval Office, But

it just doesn't make sense for me that he's going to go and create his

own US stablecoin when there's already US-based stablecoins

around. Think about Tether, for example. Like, they've already got the infrastructure,

they've got the know-how, the tech, they're already in place. It would

make sense, perhaps, they either partner with them or

they just let them do their thing. I do know, though, that the

President Trump is wanting to implement a strategic Bitcoin reserve.

Now, what's interesting about that is that all

the states now, and as of recording, which is now in

February of 2025, as of now, there's already 32 states that

have indicated that they want to also have their own strategic

Bitcoin reserve, which is incredible. Now that we're over

the 25 states, we only need to get to 50 to get

them all in. It's going to be a snowball reaction. They're all trying

to now front run the federal government. Yeah, some

of them will do it. Some of them won't. And this is why the race

is on. This is why it's so important for everybody to start

accumulating Bitcoin today. All right, let's jump into the

next question. And it is, any idea which banks are

crypto friendly? This question comes up all the

time. Now, let me give you some context behind this question. If you're someone

new to Bitcoin, that's great. But you're going to have to now try

and get your money from your bank account into your

crypto exchange. And there are a number of crypto exchanges in

Australia. The two probably big ones that I can think of, Coinspot and

the one that I use, SwiftX. And it

seems simple, right? I'm just going to simply go to my, you know, net

bank, might be Commonwealth Bank or National Australia Bank, and transfer the

money over. You would think it's simple. But it's not so simple because the

banks are very, very restrictive when

it comes to you transferring your money to

where you want to go to. And so what

we found in recent times, particularly since Bitcoin has reached

all-time highs, when it does that, there's a lot of interest that

comes into the market. Everyone's thinking, oh, Bitcoin's at

all-time high. I need to get some. And so there's a rush into

the banks to try and transfer money into exchanges. And the

banks are starting to clamp down on who they will allow to

transfer money. So I can tell you, I was using Macquarie, for

example, Macquarie Bank. I've been transferring money over to

my SwiftEx exchange for over a year. No

problems whatsoever. But one of my members

in my crypto collective group, he has just tried to

do the same thing. And guess what? Macquarie are now not allowing you

to transfer money, right? Now, they're still letting me do it. But if you're a

new person, a new customer of Macquarie, they're just putting a blanket rule

down to say, look, we're just not doing it anymore. So this is

moving constantly. The rules and regulation and who does it

and who's not doing it is moving constantly. All I can say to you is

come into my free private group in Crypto Collective. You'll

find the link in the description somewhere. We are talking about this type of thing

all the time. And a lot of the members are relaying feedback into

the group about which bank is currently allowing them,

what sort of restrictions there are, and more importantly, which banks are

not allowing you. Because the last thing that you want to do is go to

all the trouble. And it is a pain in the ass these days to go and set up a

bank account, especially if you're setting up some sort of

unique legal entity, like a company or a trust. You go to all that

trouble. Then you go to all the trouble of setting up a bank account in XYZ

Bank. And then you find out they won't allow you to

send money. In fact, some of the banks will even close your account or disable your

account altogether. So then you've got to start the whole process again. So it's a real big pain.

So come and join the community. Get into the discussion, because I can

tell you, if you don't get in the discussion and find out what's going

on in real time, it will cost you money. Because this is what's going to happen. You're

going to come to the realization, if you haven't already, that Bitcoin is

probably the right thing for you to build generational wealth, whether it's through

your super fund, like what I do, and also my company and personal name. But

you're going to come to that realization. You're going to transfer a whole bunch of money either

into your bank account or out of your super. you're going to want to start

transferring that money over and you're going to get a big red cross.

And you're going to say, sorry, we're not going to allow you to do that anymore.

And you're going to be really deflated about it because what's going to happen, this always

happens actually, you go to buy the Bitcoin by transferring the

money over and then all of a sudden, the Bitcoin price just starts going

up. Something's happened and it's just going up and about and you're just sitting on the sidelines. You

can't now buy. So you're now having to pay a high price. So all

I can say to you is get onto it as soon as possible. Because

even once you've got money sitting in the bank, you might have $200,000, $300,000 sitting in

your bank. You're trying to get it over. Guess what? You can only do

it at a certain chunk per day. Your bank might only allow

you to send $10,000 a day. It's going to take you forever to

get that money across. And you're going to be absolutely panic stricken as

you see the price going up. So

make sure you get into the community fast, get a part of the conversation. All right, let's go to the next

question. What percentage of your portfolio is in Bitcoin versus

altcoins? OK, I actually sat down the other day and worked out

that 90% of my overall portfolio, which

includes my superannuation, which is all converted into

Bitcoin, my company, treasury, and my personal name,

savings, out of all that put together, 90% is

in Bitcoin and 10% is in altcoin. So basically, 10% is

basically gambling, which is totally fine with me. I'm happy to play those

games. And 90% is in Bitcoin. So when you want to start

thinking about building up your portfolios, I always

say to people, there's a super high risk with going into altcoins. Super

high risk. I've got some altcoins right now, I've said it before, 70% down,

okay? So imagine this, you've just moved over $100,000, pretend you

put it into altcoin, and now it's sitting at 30 grand. Right,

you are going to be shitting yourself, okay? And

this is where you hear about people getting wrecked and then they sell out at $30,000. Now

they've lost $70,000. Your number one goal right now

is to just buy Bitcoin. Just make it simple, right? Don't even worry about

altcoins because I know it's easy to get tied up into it, particularly

when you're new because you see other people on TikTok and they're like,

oh, I just spent $100. And then I pulled out $600,000. It'd

be some crazy number, right? Those types of numbers are

few and far between. If you just want to stay sane, not lose

it, keep your life stress-free, just accumulate Bitcoin as

much as possible and just forget about it. And you'll wake up in years to come

and you'll be thanking your lucky stars that you did just that. Okay, next

question. If Bitcoin eventually reaches hyper-adoption,

do you think governments will allow it to exist freely or will they

find a way to regulate and control it? really,

really great question. Keep in mind, Bitcoin is

decentralized. So there's not one entity that

controls Bitcoin, right? Even Michael Saylor, for example, who

owns now almost 500,000 Bitcoin

under Strategy B, his company, that is about something

like 2% of the total supply. So he can't

even, even at that amount, he can't even get to a point where

he's got 50% accumulation of the overall Bitcoin

number. So keep in mind, 21 million will be the maximum number of Bitcoin ever

produced. 21 million. There are suggestions right now that

5 million of those Bitcoin are gone. So that leaves 16 million

that will ever be available. To date, although there will only

ever be 21 million, there's already been about 19 and

1⁄2 to 20 million that have already been mined out of the system, which

means there's only 1 million that will be mined out and available over

the next 100-odd years. So I think it's about 115 more

years to go until they're all mined out. So in

order for a country or a person or a company to

control the Bitcoin network, they would have to accumulate over

50% of the available Bitcoin. So even if you said that

21 million was available, they would have to have like 10.5 million

plus Bitcoin. That is a shit ton. of

Bitcoin, right? That's why I mentioned Michael Saylor, who's got one of the largest

bags of Bitcoin. He's only got 500,000, okay? There

is talk right now that in the near future, there will be

a time when you can't even buy Bitcoin,

right? No one will sell it for cash. And

you're going to say, well, what's the point of buying Bitcoin then? Why would you buy Bitcoin

if you can't even sell it? Well, you could sell it. I'm not saying you can't. But

why would you sell it? Let's say today, for example, it's roughly

$100,000 US. Right? In the future, it's

going to be a million dollars. Would you sell it at a million dollars? But then knowing

that it's going to go to $10 million, right? You would get rid of that asset knowing

it's going to go to $10 million. You would get rid of that $10 million knowing it's

going to go to $100 million. Now, it may not get to $100 million

in your lifetime. But so here's what you can do, though. And I mentioned this

before in the Q&A, which was that you can borrow against the

Bitcoin. So now there's no need to actually sell the Bitcoin. You can continue

holding on to the Bitcoin, seeing it increase in value into

the future. And then when you borrow the money against

the Bitcoin, that money that you borrow is now tax-free. It's

crazy, right? And this is what all the super-duper wealthy people do, is they borrow

against their assets. And you can do the same thing for Bitcoin. To answer your question, I

don't see any country controlling Bitcoin. Could

they, though, regulate it through the taxation system?

That is a different idea, which is, yes, they

could. But what's going to happen is there's

an argument right now, which is countries need to attract the

best people possible. In this day and age, we don't have to stay, for

example, we don't have to live in Australia forever. I know a friend right now who's moving to

Cyprus. Why is he doing that? Because it has a better

lifestyle, less taxes, less restrictions than

what we do in Australia. In Australia, we like to think we're like this free country, but

we are so heavily taxed. It's ridiculous. We're taxed basically

out of existence. Imagine going to a country where there's no tax. President

Trump is already talking about getting rid of all

income tax. Yeah, for residents. Why don't we do that

in Australia? Get rid of all income tax in Australia so

we can live and not be under the thumb of the government. So

to answer your question there really quickly, yes, the government could tax you

out of existence. They could simply say, okay, for any capital gains

on Bitcoin, we're going to tax you. Already there's a tax on capital

gains, but they might say it's a 75% tax. on

it, right? That would be brutal. But like I said before, you could

borrow against your Bitcoin, right? Now, they could bring

in a tax, which is what the Greens and Labor are trying to

do in Australia, which is what's called unrealized capital gain

tax, which means that even if you haven't sold it, they're

going to tax you on the increase. That would be absolute

devastation. And while I'm at it, these are the types of

things that you need to think about as we come up into the election of 2025, which

is going to happen in April or May, right? Are you going to support a

party that would tax your unrealized gains? I

dare say you wouldn't. But if you think about a party like the Greens, they

want to not just do unrealized gains tax, they want to tax

more on your properties, they also want to do an inheritance tax. So

when we talk about generational wealth, and Bitcoin is a generational wealth

type of asset, if you want to pass that on to your children, that's

where they're going to tax you, right? They're trying to do the same type of thing right now

in the UK, and the farmers are marching in the street against it, right? Inheritance

tax. So it is a big problem, but... In Australia, we

do have the right to vote. So you can vote those types of

parties out who are supporting those types of regressive policies. All

right, next question. What's your long term plan for securing and passing down

your Bitcoin to the next generation? First of all, is not voting for a

party that's going to tax the inheritance, right? Tax my generational

wealth. Most people want to build generational wealth for

their family. Some people are in the position to do that while others

are not. I'm trying to get myself in that position to

pass on a large sum of generational wealth to my children.

Why? Because I can, right? Everyone in Australia is in the position

to do this, right? So don't say you're not. And so what are the type of strategies I'm

doing? So the first thing I think about is securing The

asset. Okay, you hear lots of reports about people

who lose their Bitcoin, which is terrible They lose it through hacking

or they misplace their keys, right? Which is

essentially their passwords to access the Bitcoin now unlike

a bank Let's say you had money in a bank and let's say you lost

your passwords to your net banking No problem. You just ring up the bank. Hey,

I lost my passwords. You get new passwords. Bitcoin is

not like that. If you lose your keys to your Bitcoin, that

is it. There's no Bitcoin hotline. You can't ring them up. Now, there

is a way around this, and that is investing through what's called Bitcoin

proxies, right? So for example, the ETF, which is the

exchange traded fund, that is that there is a Bitcoin ETF. One

of the biggest ones in the world is BlackRock. Now, if you wanted to, you

could invest in the Bitcoin ETF, which means that you

don't personally hold custody of your Bitcoin. BlackRock

hold custody of the Bitcoin, basically. Okay, so

if you lose your passwords to BlackRock to access your Bitcoin, no

problem, you can ring up BlackRock and A lot of people recently

have actually done this. Even people who we thought were what they call Bitcoin

maxis, they've just realized, you know what, I don't want to take the risk of

holding the keys myself because what happens if I have an accident, I

lose my memory, etc, etc. How am I going to pass on this to

my children or my wife or whatever it is? So they're now invested into

these Bitcoin proxies. Another way would be to think about would be

MicroStrategy B. They're called MicroStrategy B now. And

they are a Bitcoin proxy. Another Bitcoin proxy is mining machines. But

probably one of the safest ones, you would argue, would probably be the

ETFs. That would be something that you can invest in, pass on

to your children. You just like owning shares. That's something to think about. Now,

that said, I've already spoken about what I think will

happen in the future, which will be banks will custody Bitcoin.

So now this takes away, it will take away the issue of

having to hold Bitcoin yourself. You can now park it in

a bank, just like you do your cash, just perhaps like you have

shares within a stock exchange. They now hold the

Bitcoin on your behalf. Now you can perhaps sleep easier. So

I'm not saying that I wouldn't hold my Bitcoin in a bank in the

future. Maybe there's some security measures in place that

would make me feel more comfortable. Maybe I split my Bitcoin

at that point. Let's say in the future I've got $100 million worth

of Bitcoin. I could share it up into me personally

holding $50 million, and then perhaps the bank holds another $50 million. So

these are the types of things I think that we'll start thinking about in the future as

the wealth grows as well. But as of today, I take a

lot of measures in protecting my wealth. And I actually give a step-by-step guide

of all the things that I do to protect my Bitcoin. You

can jump into my free community, which you'll find somewhere in the description on

this, called The Crypto Collective. Absolutely free. Come and join us, and I'll see you there. All

right, guys. Last question. This one is a really interesting one,

which I will try not to rant on for 15 minutes. The

question is, what is the point of building generational wealth if it

takes your whole life? And I

saw the person that asked this question, and I wanted to put it

into some context, is they were much younger than me. When

you have children, which I do, I have two young girls, you

then start to think about the future of your children. And

that's when you start thinking about generational wealth, not just for my children,

but also for my grandchildren. So for me personally, even

if it takes the entire rest of my life to build up

a bunch of assets, mainly Bitcoin, to pass

on to my children, then so be it. That's what it's going to

do. Now, I think this person was also asking

in the context of they want to be wealthy today, but

they're going to have to wait their whole life to do so. Well, basically not.

I know for some people, when you're like 20, and if I said to you, hey, it's

going to take you 10 years to build up $10 million, for example, you're

thinking, oh my god, that's forever. I can't wait that long. Show

me a way that I can just make $10 million in 30 days. And

unfortunately, it just doesn't happen like that. It takes time to

build wealth, right? So certainly something

for you guys to think about. Is it about you? Is it about your children?

And is it about your grandchildren? But all I can say, if you don't have an interest

in building wealth at all, it is very, very hard to do. But

I love thinking about building wealth. I love thinking about business. And

I love thinking about Bitcoin and creating generational wealth, not

just for my children, but also my grandchildren. And I'm sure you

can start thinking about that too, if that's of interest to you. And keep

in mind too, if you don't like thinking about generational wealth, then don't

build it. If you don't want to do work to build generational wealth, you

don't have to do that either. Nothing comes for free.

All right, guys. Thank you so much for joining me on this episode. Thank you so much again for

all the people that have sent me DMs through Instagram and TikTok and what have

you. And thank you so much. I hope you got

something out of the Q&A. See you next time. 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