Wouldn't you say that Trump has really been the best thing? Even
Speaker:if you say he's not the best thing for America, he's definitely been the best thing
Speaker:I think he's... I used to think that Bitcoin was a total scam.
Speaker:How do you think then building Bitcoin as
Speaker:generational wealth for your children? Is that something that you're thinking
Speaker:The generational wealth is important to obviously because
Speaker:I haven't seen anything coming out of the Labor Party in Australia regarding
Speaker:I always just thought that is some kind of crap that's
Speaker:going to catch up with people and people are going to lose everything. Oh
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 first
Speaker:choice. I'm here to help you take your first steps and
Speaker:build real wealth. Ready to set yourself up for life? Let's
Speaker:go! Okay, Matt. Hey, thank you so much for joining me on the
Speaker:How are you doing? Thanks for inviting me. I'm doing great. Yeah, this
Speaker:Of course it is. It's on the Crypto Collective podcast. It's the number one podcast. It's
Speaker:taking the world by storm. Hey, listen, I want to jump into our
Speaker:relationship so people who are watching this know that we actually met each other back
Speaker:in Amazon days. This is when we were both doing an Amazon course.
Speaker:We were selling on Amazon USA. And
Speaker:as far as I was, I went on and used my profits from Amazon to
Speaker:Right now I'm running a YouTube channel, but I'm
Speaker:Yeah, so my niche on my YouTube channel is
Speaker:AI music, but that's sort of more from
Speaker:just doing a huge exploration about AI tools
Speaker:and learning what AI is and trying things out and
Speaker:showing people on YouTube what they are, and actually that's That's
Speaker:really morphed into using AI to help figure
Speaker:out different investing platforms and where to
Speaker:invest my Bitcoin and when to and how to spread it
Speaker:Oh, that's interesting. We'll have to come back to that later because I want to dig deep into AI
Speaker:and what it's perhaps doing in your investing space.
Speaker:I want to say you, because it's good for the podcast. That's
Speaker:not true. You were a big bump in it, to be fair. But it's an
Speaker:interesting thing because it was... I'll
Speaker:just go back to my lack of knowledge for my whole life and
Speaker:how it's sort of grown. And I've always tried to get smarter
Speaker:on things. And I suppose back in 2017, I
Speaker:had a friend of mine who was heavily investing in different crypto
Speaker:at the time. And up until 2017, I always just thought
Speaker:that is some kind of crap that's going to catch up with
Speaker:people and people are going to lose everything. Oh, my God. But
Speaker:pretty much like most investing thing,
Speaker:like I had no idea about it. I'm like, I'm like you, I've read like,
Speaker:rich dad, poor dad, and all those things. And, you know,
Speaker:all those. And, and, you know, like, and you get
Speaker:sort of parts of it, right? If you're not, if you haven't grown up and
Speaker:really thought about how to do wealth generation, you get parts
Speaker:of it. And I was never confident enough to think for myself
Speaker:up until 2017. So a friend of mine was making money
Speaker:on different crypto, and he's like a really good friend, right? He's like,
Speaker:Oh, you know, you got to do this and do this and do this. And I
Speaker:didn't really know anything about anything. And this is like, at
Speaker:the peak of 2017 when everybody's like, everybody's making
Speaker:a ton of money and he's been making money for months and watching it
Speaker:grow up and he goes dude I'll send you like five dollars you
Speaker:can get your your coinspot account opened up and that's how you do it
Speaker:and blah blah blah and I went oh okay So I
Speaker:put, I don't know, like $600 into, I
Speaker:think Litecoin at the time was I put the majority of it. And
Speaker:then I think two days later is in 2017, when everything just dropped out
Speaker:like crazy until a couple years ago, it kind
Speaker:of piped back up. So that was my intro into it. But
Speaker:because it had dropped down, I was... And I was into it.
Speaker:I started studying a little bit, you know, listening to Adam Hudson's things,
Speaker:tuning into your thing more recently, you know, you jump from
Speaker:now to 17 all the way. Now, do you talk in
Speaker:2024, 2017 up, up until now? So I've been putting a little bit, I went from $600 to
Speaker:maybe six months, six, five, six months ago, I
Speaker:Or did you start thinking about Bitcoin? Basically, in the last, like,
Speaker:couple years, I've been pushing heavily into Bitcoin. And
Speaker:that's where the bulk of the investment is because in
Speaker:my research, and mind you, like,
Speaker:I haven't done the 8,000 hours, bajillion hours that
Speaker:everybody says you need to do. Like, I do a little bit over
Speaker:time and then as I do some, I go, okay, I'll put up a little
Speaker:bit more and a little bit more. And for me, that's a pretty big
Speaker:deal to get up to 60 grand. Like 60 grand was more
Speaker:than I had in, say, like my Westpac shares or whatever. So that's,
Speaker:for me at the time, up until really recently, that was a really big
Speaker:And I ask you like putting that much money is lots like there's a
Speaker:five figure investment, right? And how
Speaker:did that work though? Because you with your wife, because you have a wife and a child. So
Speaker:was there any, I guess, skepticism
Speaker:from her to say, Oh, I don't know if you should be putting money into this or did you bring her
Speaker:Look, Deb drags me along with a lot of journeys to be fair. Like,
Speaker:God, I mean, what do we have like six hours like, this
Speaker:is a lifetime of, of stuff, right? Like, like
Speaker:you mentioned back in the in the Amazon days, right? Like, I'll
Speaker:just go back, I always just thought I was going to be an IT support guy, up
Speaker:until maybe 2015. And it's really Deb that
Speaker:sort of pushed me to say, like, you got to start thinking outside of
Speaker:that. And that's been a huge journey. And
Speaker:one that it's it's not a straight line like
Speaker:you can support your husband or your wife or whatever and
Speaker:that sort of stuff but then it gets really scary and then. like
Speaker:you your words are supportive but you're but
Speaker:you're not but then you come back to being super supportive so deb's really one
Speaker:of the people that said like you really need to start looking at bitcoin even though i was like in
Speaker:bitcoin and i was doing bitcoin and she's like oh good we've
Speaker:got some in at the right time and all that and excited but she's i
Speaker:guess the one in the last like six months i said you really need to start looking at
Speaker:bitcoin which like i said i was already looking at bitcoin but It's
Speaker:scary to bring that stuff to
Speaker:your partner because the word is like volatility and
Speaker:it's not safe and it's a scam and that's what you hear.
Speaker:But why did she then come to you though? She must have seen something that
Speaker:She sees you on Instagram every single day. She sees Adam Hudson on Instagram
Speaker:every single day. We both see Michael Sayre all the
Speaker:time. I'll be out mowing the lawn. I'll come in and on YouTube she'll
Speaker:be watching Michael Sayre. So, a lot of it is
Speaker:based on stuff we see. And, like, I learned that
Speaker:lesson from my buddy in 2017. Like, I gotta be smart about
Speaker:something. I can't just say, that guy says something and sort of jump on
Speaker:it. Like, we look at stuff, too, and we don't... Like,
Speaker:a lot of the advice right now is, like, throw everything into Bitcoin. And that's
Speaker:good if you have a lot of stuff to back you up if it falls, right? Because if
Speaker:it falls, then you can't draw out of it. You have nothing to live off of it if it comes down
Speaker:to it. You can't move it out, right? So, we are heavily invested in
Speaker:Bitcoin, but... You know, we've spread it out into other things
Speaker:Let me ask you about that, Matt. Because you just mentioned there that you're heavily
Speaker:invested in Bitcoin. And the reason why I ask these questions is because
Speaker:a lot of people are thinking the same thing. But they're going to put money in that you
Speaker:just said before that you couldn't then take out if it drops. Yeah.
Speaker:So is your strategy then... And what I say to
Speaker:people is actually just put money in that you don't need tomorrow. Like if
Speaker:you can just put money in that you think, hey, I'm not going to need this money for
Speaker:the next, I even say at least four plus years.
Speaker:Right. Then you can sort of park that to the side. How
Speaker:The way I think about it evolves all the time, but like I'll just
Speaker:tell you how much we have in Bitcoin because I don't want to
Speaker:it's hovering around the 400 Australian 400 grand. is
Speaker:what we have in there now. Like I was just, I mean, I don't
Speaker:Absolutely, I do. I was going to get to that for sure because it's really
Speaker:Yeah, we can jump on it now. Like we sold our house because we're planning on moving
Speaker:from Melbourne to the Gold Coast or Northern New
Speaker:South Wales depending on how things progress, yeah.
Speaker:How well Matthew sells that? Which we're thinking about it anyway, but
Speaker:so we had a big chunk of money and one of the reasons we did sell, first of all we wanted to
Speaker:have a lifestyle change for Melbourne anyway, but the money's just
Speaker:locked into a house and you're paying a mortgage on it
Speaker:and like our mortgage wasn't huge to the value of the house but
Speaker:it's still enough money where it's just sucking all the money out and it's not
Speaker:really earning, it's not. Like people say you earn 10% on a house You
Speaker:know, by the time you sell it, but not when you think about all the money you
Speaker:drop an interest in and all that over time anyway. So
Speaker:we got that big chunk of money and we really had to think about what we wanted to
Speaker:do about it and we want to make it work. So 400 grand
Speaker:which is massive, like that's a massive investment for people, right?
Speaker:So just to paint a picture here, what you've actually done
Speaker:is you've realized that living in Melbourne was average,
Speaker:I was gonna say another word then, but not so great.
Speaker:I like Melbourne, I don't hate Melbourne, but there's parts of
Speaker:And so what you've done is you've sold your owner occupied home,
Speaker:right? Which you had a lot of equity in, yes? You've
Speaker:sold that and now the idea is to use that
Speaker:money to buy it in a different location, which
Speaker:We're going to rent for a few years because we want that money. We want that money locked
Speaker:in in different places. We're renting now in a place that we call the
Speaker:resort because it's not a resort at all. It's more like,
Speaker:well, we call it that because we're going to be here for a few months before we move up north, but also
Speaker:it's very similar to a very dodgy Airbnb that would have probably
Speaker:three stars. Excellent. And then we're going to move up north and rent. Probably
Speaker:a better place, but we don't want to take the money out and put it into a house. We
Speaker:So you're taking this money, you're now going to go into renting, and
Speaker:then you're going to utilize the money into other things
Speaker:That's our strategy. And we're constantly revisiting the strategy as well.
Speaker:We're constantly. At least once a day, I look at how
Speaker:it's doing and I consider other options. Bitcoin
Speaker:Yeah, because I did this exact scenario with somebody
Speaker:else. And I laid it down because in
Speaker:my online community, these types of issues come up,
Speaker:right? It's like, hang on a second. I'm trying to break out of the
Speaker:nine to five. I'm trying to build generational wealth. shoot
Speaker:and a lot of people have all this equity tied up in their home and I broke down
Speaker:this exact scenario where the person sold the property, they
Speaker:went into renting and then put the leftover money into
Speaker:Bitcoin and then sort of revisit it in like 10, 20 years and what that
Speaker:would look like. I've got the compound interest calculator here, man.
Speaker:I think it was like the day after you spoke to me that you basically
Speaker:Just for people who are listening to this, Let's just do
Speaker:the numbers. So let's say you had, we can just use rough numbers, like
Speaker:a million dollars, let's say. If you had a million dollars out of your property, right?
Speaker:You had this cash. Let's say if you dumped a million dollars,
Speaker:and now this is now seven figures. You've gone from six figures, I've jumped up
Speaker:to seven figures. But if you said
Speaker:the money, let's pretend you bought Bitcoin, a million dollars worth of Bitcoin, and
Speaker:it was at, Michael Saylor says 29% as a bear case scenario
Speaker:OK, so let's say 20 years. That means that that
Speaker:$1 million investment would grow to $162 million,
Speaker:right? And this is incredible, right?
Speaker:Now, let's just say that in 10 years, let me just jump that back a second.
Speaker:In 10 years, you're going to say, ah, 20 years is too long. I'm going to be dead by then. In
Speaker:10 years' time, it's still expected to be upwards of $13 million. at
Speaker:Michael Saylor's base case. I actually think, Matt, and other people have said this
Speaker:too, it's probably closer to 50% average, right? Considering that
Speaker:the last five or six years has been between 50%, 60% compounding.
Speaker:And even 2024, we saw 120% increase in Bitcoin. OK,
Speaker:so 50% average is not even out of this realm. Considering,
Speaker:especially now, Matt, all the adoption that's coming in with the nation states, the
Speaker:governments, private companies, Now, for those listening at
Speaker:home, $1 million at 50% compounding over
Speaker:10 years would then get to $57 million in 10 years.
Speaker:That is incredible. And all you had to do was do
Speaker:what you're doing. It's like, you know what? We love our house, but you know what? We think
Speaker:we can use the money in here better. We're going to go
Speaker:and rent. Most people, Matt, would not do
Speaker:what you're doing. This is such a huge gamble. How did you sell? I mean, how
Speaker:does Deb feel about this, doing this together and taking this big sort
Speaker:You know, it's funny, like, everybody's married and everybody has communication issues
Speaker:and nothing's perfect, right? But I would say, since
Speaker:we've gone on to this, and we've made the decision to do
Speaker:it, we've never been so comfortable in talking about all
Speaker:these things since then. It has opened up a
Speaker:massive line, because it's like something that we both want to go together. I've
Speaker:never been so happy
Speaker:to go back and forth with financial stuff and potential. And
Speaker:even you talk about worst case scenarios, it's just like, and this looks
Speaker:like worst case scenario, possibly this. And if this happens,
Speaker:we can do this. she like I
Speaker:know like in the communities that we're in and stuff it seems like I'm a I'm
Speaker:the only driver in this stuff I would say
Speaker:devs like a main driver in a lot of this ways and other stuff
Speaker:I am but like I
Speaker:don't know it's like we both don't feel satisfied
Speaker:with living like an average life. Like I didn't even realize it
Speaker:until I started moving out and having little bits of
Speaker:moderate success and learnings. And then she sees that
Speaker:and she gets excited about what she's doing even though she doesn't necessarily
Speaker:love what she's doing. She's having a better time because you
Speaker:can see the long-term upswing in it and the learnings in it.
Speaker:The learnings are huge. The learnings are almost like money in
Speaker:itself. The way you feel about yourself, that you can start to
Speaker:understand these things because you start doing deep dives and
Speaker:you start pulling it apart and looking at long-term stuff.
Speaker:The numbers that you're looking at, best case, I
Speaker:don't even look at those. I mean, I look at those as like a sort of a dream thing.
Speaker:But I go from medium to
Speaker:worst case. And then I just do the sliding scale on
Speaker:where I want to put the money. Like if I put it
Speaker:in the easiest option, we're not going to get there.
Speaker:So let's just slide it up with a little bit of risk and see what that looks
Speaker:like. And then we talk about that stuff. And
Speaker:she'll say, look, I think you should do more here and more there. And we'll break
Speaker:it down. It's easily the best we've been.
Speaker:She loves her fancy things. She's always talked in like, the car that
Speaker:you have, ever since you bought it, I haven't heard her not talk about that.
Speaker:She would very much like that stuff. She'd very much like that stuff. It's
Speaker:badass. And we had a really nice house. And like I said, and how we live
Speaker:Can I just stop you there, Matt? Because you just touched on something really interesting is
Speaker:about the material possessions. You
Speaker:know, I've also not had, I've
Speaker:always strived for material possessions, because I just thought, you know, I wanted
Speaker:those things. And I think for me it has been cars, because I do love
Speaker:cars. I don't, you know, strive for a Louis
Speaker:Vuitton luggage set, for example. Like that's, I wouldn't even think of that.
Speaker:But I would think about cars, because I just love cars. But the
Speaker:other thing too is once you get to it, then you've sort
Speaker:of scratched that itch, you're like, okay, well, what's next?
Speaker:So even, you know, of course, a year ago, I bought the Mercedes-AMG.
Speaker:I'd wanted that car for years and
Speaker:years and years. And even when I was down on my luck and I was driving Uber
Speaker:around trying to make ends meet, I was always dreaming about the
Speaker:Mercedes, right? One day I'm going to get the Mercedes. One day it's going to happen. And
Speaker:then, of course, you eventually get to that position. And
Speaker:I still like I love the car, but it becomes less important. And
Speaker:I think what Bitcoin has done for me in recent times,
Speaker:it's made me want more Bitcoin. So I'm now selling some
Speaker:of my car collection. I'm like, I'm not even driving that other that's on
Speaker:my other cars. I'm not even driving that thing who cares It's
Speaker:you know, I'm gonna do I want I want more Bitcoin and you know,
Speaker:I've got double-digit Bitcoin and
Speaker:It's funny because no matter how much Bitcoin you get you think I
Speaker:want more of it It's like Michael Saylor's got nearly half a million under
Speaker:micro micro strategy. He's only half a million Bitcoin He's still
Speaker:like yeah, I'm buying more Bitcoin. I'm getting more Bitcoin and Are you sort
Speaker:of feeling the same and you think as you go down this path like
Speaker:I need to get more Bitcoin and the material things are less important or what
Speaker:We'll talk about that because that goal-setting stuff and it's more about knowing
Speaker:who you are, right? I did the same thing with Rick Crowley that you did
Speaker:and I thought... I didn't do Rick Crowley. I didn't do Rick. Well,
Speaker:So Rick Cowley does his Find Your Purpose retreats that
Speaker:I did. It was something that we were in a mutual community over at
Speaker:You know what? It got me on the track to knowing that that's important.
Speaker:And I'll just swing it back to what you're talking about material things like I've
Speaker:always struggled with that because you get into the
Speaker:wealth building mentorships and all that stuff
Speaker:and you just think that that's what it all is. And I've always
Speaker:fought back against that because I know that's not what it is for me. And
Speaker:sometimes when I talk about how that's not it, people that are
Speaker:you know, item driven, feel like I'm judging him when I'm not.
Speaker:I'm trying to openly talk about how that doesn't drive
Speaker:me like I know we've talked about that in the past. And I felt really bad
Speaker:because I felt like I was slagging off my AMG. Yeah,
Speaker:I wasn't I just I just struggled because I don't think I have a lot of people
Speaker:to talk to that aren't item driven at all. And
Speaker:it's only it's only that in the last couple
Speaker:of years that I've really understood that I can't work for people.
Speaker:It is so unsatisfying for me. And
Speaker:I like once the initial stage of being employed,
Speaker:and in the nervousness in the in trying to prove my point, once that's
Speaker:gone, everything's gone. It's just recently, you know, you know, what
Speaker:drives me, and that's not enough, knowing what you don't want to do isn't
Speaker:enough. I'll tell you what drives me. It's simple. Like,
Speaker:I like playing with my dog. I like when my dog drops a ball at
Speaker:my feet and the excitement that she looks and
Speaker:then I can throw the ball. I love in the morning, I
Speaker:look forward to driving my daughter to school and putting my hand
Speaker:and patting her head and telling her she's awesome. And I look
Speaker:forward to picking her up at the end of the day. and I like when
Speaker:we go on long drives together so we're gonna you know last time
Speaker:I had such a good time up driving up to the Gold Coast she's like let's
Speaker:not take a plane let's drive up there and I'm going and I'm actually getting a little bit
Speaker:emotional thinking about it right like I like my Ford
Speaker:Ranger I love it that's enough for me and And
Speaker:the whole thing of this wealth creation thing for me personally, I'm
Speaker:going to be satisfied when I can buy Deb and we
Speaker:can buy an MG for Deb because she likes that stuff. It's important for
Speaker:her to have a luxury car. That's important to her. When I talk about my
Speaker:lack of needing material possessions, I'm not saying that other people
Speaker:are bad, but it's like I try to talk through it,
Speaker:right? Because it's sort of hard in that way. that I want
Speaker:more of that. The wealth is going to get me the ability
Speaker:to spend more time with my dog. Sorry Teddy,
Speaker:So basically, you've hit something which
Speaker:is right, which is like, you know, everybody's different. And,
Speaker:you know, you are driven by, you would say, just
Speaker:the things that are personal to you, like dropping your daughter at school and things like that.
Speaker:How do you think, then, building Bitcoin as
Speaker:generational wealth for your children? Is that something that you're thinking
Speaker:That's the thing we talk about and we're excited about that too. Like,
Speaker:the generational wealth is important, obviously,
Speaker:because it's a great lifestyle and stuff too, but I didn't really
Speaker:have those opportunities growing up, like, and I think most people in
Speaker:our generation didn't. I think, like, my father
Speaker:was a lineman, and he was in the lineman union, and
Speaker:it was important to him to be treasurer, and he went to meetings, and
Speaker:that type of business is the longer you work there, the
Speaker:more benefits you get, and, you know, I would ask questions about
Speaker:money or whatever, and he'd be like, you're too young for that, and none of your business sort
Speaker:of stuff, so I didn't come up with any of that. The generational wealth
Speaker:on the money part of it is great, but, like, my daughter seeing
Speaker:me, be at home, and run podcasts,
Speaker:and run a YouTube channel, and openly talk about the business
Speaker:part of it. And me and Deb will talk about
Speaker:Bitcoin and shares and stuff, and her hearing that
Speaker:sort of stuff, and knowing that that stuff's important too.
Speaker:The generational wealth and money part of it's great too, but the education and
Speaker:knowing that that's the sort of stuff that you can talk about, because
Speaker:I didn't get that. And that's why I'm 50 now, and I'm really just starting
Speaker:to figure it out. I would say I've come a long way
Speaker:in the last 5-10 years, especially being in the groups that we have been.
Speaker:And that's important, too. Being in those groups and being around people is
Speaker:Yeah. And here's the difference. I'll just slightly shift it a
Speaker:little bit. It's a little bit of a pivot. For
Speaker:her to see that it's the same as for me, right? Like I've
Speaker:always been around people that work nine to five. So I struggle having
Speaker:conversations about Bitcoin or running a YouTube channel, or
Speaker:finding alternate methods of generating income.
Speaker:Because straight away, you can feel the judgment that you're some
Speaker:sort of loser scammer or something like that. And
Speaker:Some people are like, that's a scam. Well, that's right. But all that stuff, all
Speaker:that stuff sort of happens. But the groups that we sort of hang out with, you
Speaker:sort of come in, like, okay, I want to talk about it.
Speaker:Oh, have you tried this and you're like, oh my god, so that I mean, that's one
Speaker:of the big it's more on open Yeah, it's more of an open conversation about
Speaker:you know, wealth generation whether that's through Bitcoin whether
Speaker:that's through doing e-commerce like like what I'm doing I still
Speaker:do e-commerce as well, right? I'm still making money in e-commerce But
Speaker:um, it's interesting because when you do talk to people you talk about scams now I
Speaker:used to think that Bitcoin was a total scam right and it
Speaker:wasn't until Geez, I think up until probably 2019. I
Speaker:wasn't even thinking about that I was still trying to just like get out of the shithole that
Speaker:I was in at the time and then you know I saw a lot of success through through
Speaker:e-commerce and then I had all this money and I was like I'm gonna put this now into
Speaker:something I've obviously started investigating more into Bitcoin when
Speaker:did it did a course right got involved in the course and
Speaker:that was the best thing I ever did was to get educated on Bitcoin before I even started putting
Speaker:money in and more about how to protect your wealth. Now,
Speaker:one thing that I've gone down this path is the more Bitcoin I
Speaker:buy, the more invested I become, and the more I want to,
Speaker:I mentioned before, the more Bitcoin I want to buy, one of the things that I've
Speaker:done, which I thought was a complete, something that was not on the
Speaker:cards a few years ago, and this is going to be very controversial for
Speaker:people, they're going to be thinking, oh my God, I can't believe he's done this, is I've
Speaker:moved every single cent of my superannuation
Speaker:over into Bitcoin. right, under a self-managed super
Speaker:fund. And even as I'm paying, because I pay myself a
Speaker:salary as well, so I've got to pay myself superannuation, so all that additional super
Speaker:that's coming in every month, I'm then putting that back into more Bitcoin, back into
Speaker:more Bitcoin, and just growing and growing. And so this
Speaker:is controversial stuff, particularly in Australia, because I know
Speaker:you're, just so everyone knows, Matt's, we mentioned before in Melbourne, he's
Speaker:from America, but you know that in Australia, this is
Speaker:major stuff, right? People are just so, Focused on
Speaker:superannuation right and they wouldn't touch it, right? How
Speaker:do you feel have you gotten to that point yet where you're thinking? Hey, maybe
Speaker:we've got this with the other bag of money sitting over here.
Speaker:Yeah, we've thought about it and we've talked about it and I've talked to
Speaker:my accountant about you know, how to start a superannuation fund
Speaker:We would consider it for sure. And maybe not even all of it. Maybe
Speaker:the majority of it or something. I'm not sure. I don't
Speaker:think at this stage we dump our entire superannuation
Speaker:into Bitcoin. It's something we talk about. But how
Speaker:do I feel about it? I wouldn't judge anybody for doing it. I'd be like, oh, that's a
Speaker:That's your strategy, whatever your situation is that
Speaker:allows for that. If you think it's a smart, I would assume that they've
Speaker:done their research on it and they've looked at how that would
Speaker:Well, the argument, Matt, is that you and Deb have now sold a
Speaker:house and put six figures, multiple six figures into
Speaker:Bitcoin, right? So if you're that invested, right
Speaker:would it then just make sense and this is not a sales pitch to you right but i'm
Speaker:just i'm just getting you thinking would you now think well now
Speaker:i'm going to move this other money into the best performing asset as
Speaker:well because it comes down to i think conviction
Speaker:for a lot of people right look our conviction we feel pretty comfortable with the
Speaker:with the bitcoin that we have at the moment i think we probably put
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
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Speaker:us today. Now back to the episode. How about this? In the
Speaker:private group that I have, which I know you're in there as
Speaker:well, I did a video, right, because this now has just come
Speaker:up to one year since I moved my super over
Speaker:to Bitcoin. And so I wanted to look back and compare if
Speaker:I'd left my money in my industry super fund, which
Speaker:was rest, compared to what I've actually seen. Right.
Speaker:And I can tell you that under rest, the average was about. 10% thereabouts,
Speaker:right? 10% return over 2024. In
Speaker:Bitcoin, I saw a 50% return, a
Speaker:50% increase on my money. So just looking at those
Speaker:two things, for me, that was the best decision. Just
Speaker:looking purely at those two metrics, right? Comparing what
Speaker:it would have done if I'd left it in the rest super compared to
Speaker:what I actually did was putting it into Bitcoin. And even
Speaker:if i mean the way it's headed that that because
Speaker:i can't touch it that's the beautiful thing i think the reason why people do
Speaker:consider putting their money from super into bitcoin is because they
Speaker:can't touch it anyway so for example i say to people or
Speaker:people might say look i don't want to put money into bitcoin i can't afford it But
Speaker:if you said, oh, you can put some of it, all of it, or
Speaker:part of your super into Bitcoin, they're like, oh, OK, I'm going to do
Speaker:that because, well, that's not out of my day-to-day cash flow, right?
Speaker:You've taken money out of your home, right, sale,
Speaker:right, to do that, which is great. But other people are not in that position. They
Speaker:may not have a house, or they may not have a house with equity, or they may
Speaker:not want to sell their house. to put that into Bitcoin, but
Speaker:they're happy to put the superannuation to Bitcoin. It's like one
Speaker:And everybody's situation is different. Like there's a bit of an urgency
Speaker:now because I just turned 50, right? And it depends on what the life goals are
Speaker:and how much you want. Like if you've got a bit of money in
Speaker:superannuation and you want to have a villa, wherever
Speaker:the most beautiful part of the Italy is or whatever and
Speaker:you've got a bit of you'd have to do especially if you're young you
Speaker:guys suppose you could take the chance on or whatever and sort of break
Speaker:it if you have to but I mean if your life goals are
Speaker:that you need to have all this money to get what you want then you would definitely have to take
Speaker:that chance with your bit with your with your super especially seeing
Speaker:like like they're constantly saying You're saying,
Speaker:and Adam's saying, and Saylor's saying, about over four years, you never lose,
Speaker:right? So- Well, that's- It's not financial
Speaker:advice. Historically, everybody's winning
Speaker:Well, historically, what we've seen is that if you've held Bitcoin for
Speaker:at least four years, no matter where you are in
Speaker:the journey, you will not be in the red. You'll be
Speaker:in positive territory, despite the ups and downs.
Speaker:And the things that you actually mentioned before about a lot of people saying Bitcoin's
Speaker:volatile. And unfortunately, when people think volatile, they
Speaker:think downside. But volatile is also upside. So
Speaker:when Trump, for example, was elected in November, there
Speaker:was volatility in the market to the upside. And
Speaker:I think the stats are too, Matt, that there's something like three or four days
Speaker:of the year where the Bitcoin price spikes. You know
Speaker:what I mean? So the point is then you've got to be in the market for the
Speaker:whole year to then see those spike periods in
Speaker:a bull market anyway, rather than the downside. Now, I just
Speaker:touched on Trump. And I know that
Speaker:we have some differing views on Trump. But wouldn't
Speaker:you say, though, that Trump has really been the best
Speaker:thing? Even if you say he's not the best thing for America, he's definitely been
Speaker:Well, that spike that you're talking about on election day,
Speaker:I always think like, well, that's a mental thing because he didn't actually
Speaker:do anything. So that spike could happen if people just decided it
Speaker:under Biden. Right. And it really is sort
Speaker:of leveled out since then. It hasn't really it's
Speaker:had some as far as like the the Australian dollar,
Speaker:because I go by Australian dollars. I don't even look at U.S. dollar value, but
Speaker:hundred and forty nine hundred and fifty hundred and seventy and
Speaker:up and down since then yeah i mean it's been in a consolidation phase
Speaker:it's moving sideways but let me let me just push you on these points
Speaker:though i mean he's been the first president to go to a crypto event
Speaker:where he spoke openly about bringing in a strategic bitcoin
Speaker:reserve he's now actually He's now in
Speaker:government. He's now, funny enough, as the day of recording this, he's been in for 30 days
Speaker:or so. And he's implemented the crypto czar under
Speaker:David Sachs. He's repealed the Saab 121, which
Speaker:basically now allows banks to custody Bitcoin properly, and
Speaker:many other things that he's done, right? Even proving this point, Matt. Other
Speaker:states now, right? States in the US. There's 32 states
Speaker:right now who are all indicating, putting in process some
Speaker:sort of legislation. so that they can now hold a Bitcoin
Speaker:or a strategic Bitcoin reserve from a state level to try and
Speaker:Yeah, like, look, I'll say in
Speaker:relation to that, right? I'm hopeful. Like, I
Speaker:agree that he says lots of things, right? And if the
Speaker:people decide it's a bad thing, it's like, that's just rhetoric. If it ends
Speaker:The things he said, no, I'm hopeful. One of the reasons
Speaker:I've been happy to push money into
Speaker:Bitcoin is because he's putting things in place for
Speaker:Bitcoin to go up, right? And the stuff that he's saying, and exactly right,
Speaker:the policies and all that. I don't like the guy at all, but
Speaker:I think he's, to agree with your overall point, I
Speaker:believe that he's possibly good for Bitcoin. And
Speaker:it's a big risk that we're putting the house, you know,
Speaker:or at least a good portion of the house into the policies he's putting forward for
Speaker:So I hope it I hope it is we're not putting all the
Speaker:But the thing to think about with Bitcoin is Trump doesn't control
Speaker:Bitcoin, right? He's been good for Bitcoin as far as the policies
Speaker:that he's put forward and adopting. Right. But there was countries even
Speaker:before him that El Salvador, for an
Speaker:Well, even the US is that they deregulated a lot of the stuff and
Speaker:people can invest it. What you're saying is policies around the world
Speaker:Yeah. And Trump spearheading it now in a much more positive
Speaker:That's what I'm going to say. Prove me wrong. Like I said, I don't like the guy, but
Speaker:you can't deny the fact that at least what he's saying and what he's proposing is
Speaker:good for Bitcoin. And if it wasn't, I wouldn't be sinking
Speaker:a good portion of the house into it. And I agree with you. The
Speaker:Look, I'm honest about stuff. I want you to be honest. I
Speaker:want you to be honest. Yeah, I'm honest about stuff. I don't like the guy. I
Speaker:think he's not good for the world, personally, but
Speaker:That's fantastic, because I see it in a completely opposite point of view. Like,
Speaker:I think he's good for the world. I think, you know, having even
Speaker:the things he's trying to do now, stopping the wars, returning hostages out
Speaker:of Gaza, that's all because of him. And Biden was sitting on the sidelines
Speaker:and did basically fuck all during that whole period. That's just two
Speaker:Yes and I hope to come on your podcast and you can look tell me
Speaker:I generally try not to think or talk about it because I have no control and it just
Speaker:Okay well let me move over to this point though. I think that
Speaker:a lot of the thing what you've seen now is a lot of the Trump initiatives and
Speaker:policies are now spreading throughout the world and I think to
Speaker:a degree Australia and I hope that we
Speaker:can see some more economic initiatives in
Speaker:the sense of Bitcoin, right? I haven't seen anything coming out of the Labor Party in
Speaker:Australia regarding anything to do with Bitcoin. I do have some contacts
Speaker:in politics. I asked them, I said, hey, is anything happening? They're like, nope, there's
Speaker:nothing happening. So, I think that's poor because
Speaker:I think Australian policy, a lot of times, they see where the dust is
Speaker:going to settle, and then they sort of jump on it at that point with
Speaker:those sort of things. Definitely in the niche that I'm
Speaker:in has a lot to do with copyright law around music and
Speaker:AI, and the whole world, and
Speaker:Australia was specifically asked around that, and
Speaker:they said, we're just, we're happy with where things are now,
Speaker:which is basically means we're going to see how it goes in the rest of the world. And I
Speaker:think that's probably the same. Why take a
Speaker:Yeah, sure. You just mentioned AI, and I just want to, we're coming
Speaker:to an end of the conversation. But AI, that's part
Speaker:of your specialty. What do you think
Speaker:is going to be happening in the future when it comes to AI and
Speaker:Man, it definitely makes it easier to, like for
Speaker:right now, I can tell you, it makes it easier to do research on
Speaker:it. And I don't just go ahead and ask AI, hey, JackGPT,
Speaker:should I invest in Bitcoin? Right? Like, I'll...
Speaker:Yes, you should. Yeah, that's what JackGPT says. Now,
Speaker:like what I'll do is I'll do things like I'll take transcripts from your podcast,
Speaker:which you can pull a transcript out pretty easily. If not, you can
Speaker:go to a place called Descript, take the video, drop
Speaker:it in. You can go to all kinds of websites, financial reports, you
Speaker:can take what Michael Sayers says. take all that information and
Speaker:drop it into chat GPT and then just ask very specific
Speaker:questions. Don't say like, what do you think about this? Right. Like I'll
Speaker:say in this scenario, based on all the information I
Speaker:just gave you, uh, what's a likely outcome. Okay.
Speaker:What's the worst case. How much of this is what I have to invest historically.
Speaker:And it can look at light information too. I can feed all that information
Speaker:into something called notebook LM. And I can
Speaker:say, give me a podcast on all these 10 bits of
Speaker:information and sources. Make a podcast so I
Speaker:can listen to two people talking about it. And AI
Speaker:will literally have two voices. It'll sound like two humans talking
Speaker:based on the information that you gave us. And it'll just talk about Bitcoin. And
Speaker:then you can take an entire ChatGPT conversation you had,
Speaker:Wow. So why am I even sitting here talking to you? We could just be plugging this
Speaker:into an AI machine and it spits out the Matt and Matt show.
Speaker:We've been outsourced already. But one of the things I
Speaker:saw the other day was it was actually on Instagram. And this
Speaker:person was showing the charts, right? And
Speaker:there was some AI tool that was then sort of embedded into
Speaker:the charts of the price movement. telling them,
Speaker:or maybe it was doing the bidding itself of
Speaker:where to buy, when not to buy, when to sell, etc. And this was all done
Speaker:through this like AI app, right? So
Speaker:you didn't just take the human element out of it. Maybe that's
Speaker:As much as I'm a huge fan of AI, like, I
Speaker:personally, like, I still want to talk to me. I still want to talk to you. I get
Speaker:excited when I get a phone call from you. I don't get excited when I
Speaker:get a call from Chat GPT, you know. I'm excited about
Speaker:the learnings I get. I'll just say, like, the
Speaker:benefit of AI and Chat GPT is you can learn
Speaker:stuff in the language that you understand stuff. Like,
Speaker:I'll take candlestick charts. I've never really understood them.
Speaker:And I'll say like, are these classic buy signs and sell signs of
Speaker:whatever? Then I'll say explain to me why I don't understand it.
Speaker:And I'll say why I don't understand it. You want to see someone get a
Speaker:human being that understands how frustrating they can get if you're basically
Speaker:asking what they think are stupid questions. Chat GPT doesn't judge me.
Speaker:Unless I it might be because I've trained to be a little bit sarcastic. But
Speaker:you know, then then I can be excited. I come to you and I can I can have
Speaker:good conversations about that stuff. You can talk to me about AI and
Speaker:how smart you are, because I wouldn't... I'll talk to you about baseball and ice hockey and
Speaker:Yeah, awesome. Hey, listen, one last thing is where can
Speaker:Well, I've got a YouTube channel, so you can look at me. Well, go
Speaker:to my website at aidiy.tech. I'll be padding that
Speaker:out a bit more over the next couple of weeks and I'm going to have a It's
Speaker:it just talks about the jobs I've done
Speaker:in the in the work, but I've always everyone wants to say that no one does or
Speaker:everybody does Everybody assumes LinkedIn, but I
Speaker:have I lost you there. Yeah. Yeah, I'm gonna have a proper bio up there I
Speaker:had a meeting about it yesterday with my assistant like we're gonna I'm gonna have a proper bio up there. Yeah, I'm gonna have a proper bio up
Speaker:there Pat out the about section in my website. But
Speaker:those are the projects I'm involved in right now is the AI music space
Speaker:Yeah, that's awesome. Well, thank you so much. I'm going to leave in the description, I'll
Speaker:leave some links if people want to check out what Matt's doing, particularly maybe he's like
Speaker:some superstar in the music industry, and we don't even know it yet. But Further than
Speaker:that, though, I just want to thank you so much for coming on the show and
Speaker:also just revealing a lot about your life and what you're
Speaker:doing in the space. I think it's actually quite inspirational, I think, for
Speaker:a lot of people, because there's going to be a lot of people out there, Matt, who they
Speaker:also want to create generational wealth. Maybe they've got a lot of equity
Speaker:in their home, like you do, and they do have an option of selling. But doing that
Speaker:is a big, big step. So I want to thank you so much for sharing that
Speaker:information. I'm looking forward to you moving up to the
Speaker:Bye for now. Thanks for tuning in to Crypto Collective. If you've enjoyed this
Speaker:episode, the best way to show your support is to leave a five-star review
Speaker:on Apple Podcasts or Spotify. And make sure to subscribe to
Speaker:the YouTube channel so you don't miss an episode. You can also find more
Speaker:of me at I'm Matthew Fraser on all