Let me preface that though by saying that most accountants and

most financial planners have no clue when

it comes to Bitcoin. So when you go and speak to them, they're not going

to be able to give you the advice because they don't even know about the Bitcoin asset. I'm

talking from actual experience. I have moved every

single cent of my super fund,

yeah, under an industry super fund in Australia, all over to Bitcoin.

A crypto exchange that I use is SwiftX. Founders

Alex Harper and Angus Goldman are doing incredible things

there. Go check them out. Ask them some questions. Some

really basic questions about Bitcoin. And if they don't know the

answer, then... 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 this episode of the podcast Crypto

Collective. It's great to have you here. My name is Matthew Fraser. I'm

a eight-figure entrepreneur, having made tons of

money, over $50 million in sales through Amazon and e-commerce, but

now heavily invested into crypto, mainly

Bitcoin. And I'm going to talk to you in this episode about something that is

so controversial. You're going to have to listen to

every single part of this right to the very end. because it's

about transferring all of your current superannuation

all into Bitcoin, right? I know you probably got

your jaws on the floor right now, but I will tell you from

the outset, this is not something that I'm just talking about that

you may or may not do, or myself. I'm talking from

actual experience. I have moved every single

cent of my super fund, yeah,

under an industry super fund in Australia, all over to Bitcoin. And

I'm going to tell you the exact steps of how I was able

to do that and perhaps if you should consider something like

this. And again, this is not financial advice, but

something for you to consider together with your accountant or

financial planner. Let me start off by posing the question of, you know, why

would I even do this in the first place? Why would I want to take

something that is considered in Australia so sacred and

I guess secure for my retirement and move

it into something which many consider to

be a volatile asset. And I'll tell you

why just in the numbers. First of all, My

industry super fund over the last 20 years has

given a return of between 7% and 8%. For

most people, that sounds great. And if you're happy with

that, then you can stop listening to this and just keep your super fund there and

move on. Bitcoin, however, over the past four years

has done an average compounding interest of

55%. This is insane. It has been the best performing asset

over the last decade. In fact, just this year alone in 2024, it's done over

100%. right? Crazy, crazy numbers. The reason why it's so

powerful right now and could give you generational

wealth is because the everyday people now

have an opportunity to front run this asset. Meaning

that in the past, when companies went to the

stock exchange, they went public, they traditionally The

elites had first dibs at the shares. And

we, as the everyday folk, we kind of got the scraps. We

found out about it much later, or once the price has already gone up, and once

all the elites had made all the money. With Bitcoin, it's a ground-up

approach rather than the traditional market, which is a top-down approach.

That's why it's so powerful. Just this year

alone, the SEC, which is the Securities and Exchange Commission, in

the USA approved the Bitcoin ETF. And

what that really did was it legitimized Bitcoin

as a serious asset in the global space, along

with other assets like gold, bonds, equities,

silver, wine and paintings, for example, property.

You can't miss out property. And now there's Bitcoin. So

now, the average investor can do two things.

They can buy Bitcoin directly, or they can now

buy Bitcoin through an ETF, which

is an exchange-traded fund. And as soon as America started

this ETF in the beginning of 2024, other countries

then decided that they now had to do it as well, right?

Like Australia, we can't even think for ourselves, right? We had to always wait for America to

lead the way. And so other countries have now done this as well. So

now you as an investor can front run all

the other big players. Now there are, as of this year, companies,

nation states, and governments, particularly companies, have

already started to buy into Bitcoin. But now,

as we speak, at the end of 2024 and leading into

2025, governments and nation states and other major corporations are

now FOMOing, yeah, fear of missing out,

into Bitcoin. And so this is

coming to you as an urgent message now, because if you want to front run those

nation states and governments, you need to get in quick. Because what's going to happen is

once the governments start buying up, the price will go up. So you can get in

much cheaper, even though right now we are at all-time highs

in the Bitcoin price. But despite that, there's a long way

to go and a lot of growth to

see into the future, in my opinion. Alright, so

let's say that you are someone that has just listened to

what I said and you think, you know what, I want to know more about this. What are the exact

steps that I would need to do in order to move my superannuation

over to Bitcoin? And let me just say this too. you might do some numbers

and figure out that, hey, I don't want to move all of my

super over into Bitcoin. Perhaps it's something that you want to do a

part of your super. So if you've got $400,000 sitting in super, maybe you move $50,000 into Bitcoin or $100,000. This would

be completely up to you. and

what you decide to do. So step number one is obviously speak to

an accountant and maybe even speak to a financial planner

about this particular move. Let me preface that though by

saying that most accountants and most financial planners have

no clue when it comes to Bitcoin. So when

you go and speak to them, they're not going to be able to give you the advice because they don't even

know about the Bitcoin asset, yeah? And what the returns are. So

I would say go and do your own research first, and then perhaps if

you have to sit down with your accountant and a financial planner, ask

them some questions. Some really basic questions about Bitcoin.

And if they don't know the answer, then you maybe don't

want to get the advice from them because they don't know what they're talking about. For me personally, I

have not gone to see a financial planner because what I

have found is that Unless that financial planner is

a multi, multi, multi-millionaire, I

don't want to get advice from them about financial planning. Take that as you

will, right? So the first step is go seek advice from one

of those people if you want to. You then need to set up a

self-managed super fund. Very common in Australia. It's

really simple to do. And basically, it's creating a

separate legal entity, right? Separate to your existing

super fund, okay? Your industry super fund. Now, once you have that

legal entity set up, there'll be a bunch of paperwork to fill in and

it will be your responsibility, perhaps together with your accountant,

to manage that self-managed super fund ongoing. And

all that means is it's not daunting. All it means is you'll just

provide some paperwork. It's exactly, if you're in business, you'll know exactly what

I'm talking about. It's exactly like doing a tax return every single year.

In fact, even if you're not self-employed, you still might be an

employee, PAYG, and still do a yearly tax return.

That's all it is. So you'll work with your accountant, do some paperwork, submit

it to the tax office. And that's how the tax office can just make sure

that you're meeting the rules and regulations as per the Superfund. If

you set up a self-managed super fund, you must be very, very clear

in the sense that you cannot dip into those funds.

So once you move your funds out of your industry fund into your

SMSF, it's segregated. You

cannot touch the funds at all. So you can't just move some money over and say, oh,

actually, I think I want to just go on a holiday quickly and just pull some money out. Or

I just want to buy a new car just quickly because I need

some cash right now. You cannot do that. It's against the rules. And you could

get into a lot of trouble, including big fines from

the tax office if you do that. Second to that, though,

you don't actually want to touch the funds. The point of your super fund

is to have money when you retire. So that is the premise

of it. But what we're trying to do is get better returns than

what your existing fund is already offering by moving it

over into Bitcoin. Now, before you contact your accountant, I want to give you

two examples of people who can set up a self-made super fund. One

is going to be a sophisticated investor, what

the government or the tax office considers to be a sophisticated investor.

That's what they call them. In order to qualify as a sophisticated investor,

you must have one of two things. One being earning $250,000 a

year or have $2.5 million in net assets. If you are under that, then

you are qualified as a non-sophisticated investor. Basically,

you don't know what you're doing with your money. The way the government sees it is that

if you don't have that type of money, then they want

you to seek financial planning advice because they

believe you've got little money, a little amount of money, and therefore

it's more precious. The way I see it, though, is because you've probably got

a smaller amount of money than someone who's got over 2.5 million assets,

for example, you need to make some drastic changes. You

need to actually invest in things that are going to power your super more

than just the standard industry fund anyway. So that is something

to note. If you qualify as a sophisticated investor,

you can go straight to an accountant to set up your super

fund, get all the paperwork done. If you're not a

sophisticated investor, if you don't qualify for that, then you're

expected to go seek advice from a financial planner. Now,

that is going to cost you about $4,000 or $5,000 to do that. So

it's a big whack of cash. If you go directly to an accountant, they're

going to range probably around the $2,000 to $3,000 mark to

just set up the self-managed super fund legal entity.

And you will still have to spend that much money as well, likely, even

if you go through the financial planning way. Now, if you're someone though who

does not want to seek a financial planner like myself, even though

I would even qualify that anyway, so if you are a non-sophisticated investor

and you do not want to seek financial planning advice, there

is a way to get around that and save you $4,000 or

$5,000 and that is to go to an online self-managed superfund company

where they can set it up for you hand-in-hand directly That

will save you having to go also through to an accountant for the time being.

And these are all over the internet. So just simply go to Google, type in

self-managed super fund online setup, and there'll be a

range of companies that can help you get that super fund setup. So

step two. After you've contacted and got advice from

your accountant and a financial planner potentially, you'll need to think about your

super fund, your self-managed super fund name entity. Now

this is where you can make it up. You can do some research of this by using ASIC

to find out if the name exists or not. But my

advice to you is try and keep the

name as simple as possible, right? Something like

Smith Super Pty Ltd as trustee for

Smith Super Trust. Now that might sound complicated, but

it's not Mary and Jack Smith, Super,

Fund, PTY, LTD, et cetera, et cetera, right? You're

going to just keep it Smith, Super, PTY, LTD, et cetera.

This is really, really important because once you contact

your industry super fund to pull, let's say $100,000 or all

of your money out, the names will need to match. So what you write

in the form to this industry super fund needs to

match what is now lodged through the tax office. And

it turns out the tax office only has a certain amount of characters that

they can enter into the system. And then, therefore, there might

be a disparity between the two details. Then, of

course, it also comes down to the bank. Because once you get your name

set up, you'll then go and set up a bank account. And those details have to match with

the tax office as well. So I can get quite complicated in

that sense. I went through so much pain myself, that's

why I'm making this a point in this podcast, is

because mine was a little bit more complicated. And so it

took me Months it was a horror story. Basically, it

took me months to try and get the money out because Continually the

names didn't match and even though I'd called the tax office. I called

the suit the industry super fund They would just say oh look you need to speak to the

tax office and just was just like this merry-go-round No one could really tell

you what the what the problem was. So because the names didn't match they wouldn't

release the funds Okay, that's the short version So once you get that sorted

out, you can now move on to step three. So step

three is you've now got your self-managed super

fund already established, okay? You've got the documents, you'll

now need to go to a bank and set up a bank account.

This is simple. My advice is use a company such

as Macquarie or ANZ. Now this is really, really important

because Some banks don't like it

when you transfer money from your existing bank account over to

the crypto exchange. They may put blocks on

it. They may not do it at all. They may hold your funds for

days on end. And so you don't want to have to go through that. So

in my experience, Macquarie or ANZ are today

the best banks to use. Although by the time you listen to this video, it

might be a year or two down the track, things could have changed. So just do some

research as to what is the most crypto-friendly bank in

Australia. If you find that you've actually started to move some

money over to a bank and they put a block on it, what will

happen generally is they will call you. They'll start asking you

a ton of questions about what you're doing with your money.

They'll assume that you're getting scammed. They'll assume that you have

no idea what you're doing. And the funny thing is, they'll always

ask you, where are you sending this money? Even though very clearly,

once you start to send over money to the exchange, it says it. They know exactly

where you're sending it to. They just want you to say it. I would say, just jump through the

hoops that they want you to jump through initially. Because what could happen? is

they'll end up releasing the funds so you can send it to your exchange. And

what I would tell the bank then is, hey, listen, I'm going to be sending more

money over to the exchange, right? So please do not put any more blocks

on my account. I know exactly what I'm doing. And hopefully, like

in my case, I can send tens of thousands or hundreds

of thousands of dollars over to the exchange now, and I don't get a single call

and no blocks. It actually transfers the exact same day, within

minutes, in fact. OK, so once you set up your bank account, with your

self-managed super fund entity, you'll now want to go over to an exchange,

a crypto exchange, to set up an account with them. Now,

personally, I use SwiftX. SwiftX is based in Australia. It's under Australian

regulations. They're actually sitting up in Brisbane. There's a team of them up there

that you can actually make phone calls to and speak to real people. So they're

really, really helpful, and that's why I love dealing with them. Once you've set up

your exchange under your self-managed super fund

entity, you'll then be ready to start your very

first transfer. Okay, so we're going to transfer. This is where we're up

to now. You've now moved your money from your

industry super fund over to your

bank account. Okay, now that, as I said before, might be ANZ or Macquarie

or whoever you decide to bank with. Now you're ready to send money from

the bank account to the exchange. But

I don't want you to start sending tens of thousands

or hundreds of thousands of dollars in the very beginning. You're going to want to

do a test order. Now, if you get an account with SwiftX, they're

going to give you a BSB and account number. That's how simple it

is. Okay, so you can go onto your net banking and transfer,

in my opinion, $50 or maximum $100 just

as your very first transfer into the exchange. Just

so you can get used to it, make sure the money arrives in

the SWIFTX or crypto exchange account. Once

you've done that, jump through some hoops with your bank in Australia to

tell them why you're not getting scammed. Once all that's ironed out, then

start transferring as much money as you can, because your

daily limit, for example, might be $50,000 or $20,000 with your

bank. Just start moving that over. There is another way to do it if

you wanted to. You could actually go into the bank branch itself and

ask them, do a TT, a telegraphic transfer, where they're

going to move all of your super into your exchange

account in one hit. That could be something for you to do, although I've no

doubt the bank will want to charge you 30 bucks or something to

do that. So guys, some people make the mistake by thinking that because you're transferring

money into a crypto exchange, that you don't have

to go through the horrible KYC process.

KYC standing for Know Your Customer. Now,

this is something that's implemented by the Australian government. It's

not actually the SwiftEx exchange, for example. They don't

really want to go through that process. It's a government thing. Yes,

it's a bit of overreach, but you're going to have to go through the process. in

order to take advantage of this type of opportunity of buying Bitcoin. So

you'll have to provide your personal ID, you'll have

to provide information on where you

got your funds, which will be obviously from your existing industry

super fund. And once you've done all that, it's like a one-time thing.

I would then also advise you to go through and do the, I think

it's called like a gold verification process, which basically

allows you to send in as much money as possible. And

in the future, if you decide that you want to sell the Bitcoin, then

you could also do that, transfer the money back out into your bank

account without any restrictions or hiccups. So

once you've made your purchase of Bitcoin, the

Bitcoin is now sitting on the exchange. You

could leave it there if you want to. I take things one

step further, and I take what's called self-custody of

the Bitcoin. So I remove the Bitcoin off the exchange, and

now I'm now holding it in what's called in cold wallet storage.

Now, this is something for you to investigate. Go onto YouTube, look

for cold wallet storage videos. I use

different types of cold wallet devices. Trezor, Ledger

are just two examples. There's another one I use, Coldcard. And

what it does is it essentially protects your wealth in

Bitcoin against counterparty risk. The

counterparty risk is that if you hold all of your Bitcoin within

the exchange, there is the very, I would say

in Australia, probably a very highly unlikely possibility that

that exchange goes bankrupt. There's a bad actor there who

siphons out the money, it gets hacked. Unfortunately, over

the past 10 years though, these things have happened to

other exchanges around the world. So it's just a precaution to

make sure that you can protect your wealth, and

it is generational wealth, and in this case, retirement wealth for

you. It's not that difficult. So jump onto YouTube, research

cold wallet storage, and that may be something to think about once

you've bought the Bitcoin on the exchange. 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. Okay, guys, you're really getting an overview

now of this self-managed super fund set up for Bitcoin. There's

a bit more paperwork that you were to do and that is back to what I said in

the very beginning about maintaining records. So basically doing

like a tax return every single year. But what could

make this a lot simpler for you is to use some of this online

software that is available for crypto and

Bitcoin. One of the companies that I personally use is called Coinly

that's spelled with a K. I'll leave a link in the description

to that company. You may want to use them. What they do is they make it

so simple so you simply can connect your cold wallet

or your exchange to this software and at the end

of the financial year when you have to do the report, you can literally just go and just like press

a button and it'll print out a full tax report for you

that you can then give to your accountant. It makes your life

so much easier and I highly recommend you do. So just some further notes

to think about when setting up your self-managed super fund is

now, if you're getting paid by an employer, you

must make sure that they now don't send money to your old

super industry fund. Like if that's what you're still operating, if you've closed it

down, then you don't want to send it there. Okay guys, so one of the

last steps that you must remember to do is to actually

tell your existing employer, whether it's self-employed or

your PAYG employer, to make sure that they don't

send funds to an old super account. Now,

if you kept your old account going because you

might have left some money in there, no problem. You might want to just keep sending it there. But if

you've now got your self-managed super fund set up, you

must remember to give them your bank detail. So this would

be the ANZ or the Macquarie, for example, that I mentioned before. Give

them those BSB and account details so the funds will go directly into that

account. If you want to then continue to buy Bitcoin,

you can. So what I do is I receive my funds

from myself because I pay myself a salary. I pay my own super.

So the super fund, the money itself, the AUD money

goes into my bank account. And then this is every month. So therefore, I

transfer the money from my bank into the exchange, buy

more Bitcoin, and then I transfer that Bitcoin into my own

self storage. So guys, that basically wraps up

this episode. But before I finish it completely, I want to answer

some really, really good questions. And these questions have come through from

within my crypto collective community. And I'm going to answer them right

here for you so you can learn as well. Okay, so the very first question is,

once I've bought Bitcoin, do I have to hold it

forever? And the answer is no, you don't have to hold it

forever. Let's just say that you've bought the Bitcoin today, and

in five or even 10 years time, for whatever reason, you've

decided that this asset vehicle is

not right for you. And you now wanna sell the Bitcoin and

move that money into another different asset. Now, it might be, It

might bring you back into the old industry super fund if you wanted to. Or

you might decide, hey, I want to now invest in property. I want to

buy property in the super fund. That could be a good way for

you to diversify, another way to diversify your

self-managed super if you wanted to. So keep in mind, though, once

you sell an asset, there may be tax implications

in doing that. So make sure you speak to your accountant about selling

the Bitcoin and what tax may be applicable to you before

you do it. All right, the next question is about how much gains could I

see if I convert my super into Bitcoin? Now this

is... I tell you what, probably the most common question,

because people want to know, like, OK, look, I know what I'm going to get in my industry

super fund, but Matt, how much money am I actually going

to make? Well, we can only know what's been done in

the past, and we can only predict the future based

on the past, right? So it may be more, or it may be less. So

take this as you will, and make sure you do your own research. I'm

going to give you some numbers anyway. So let's just say you've got $500,000. Dollars

in super. Okay, and at the current industry

super rate, it's between seven eight. Let's say it's eight percent now

in my particular case I'm 45. So my retirement age

at this rate is going to be 65. So let's say 20 years time. So over 20 years

And I'm also putting in about $5,000 a month into

super. So we'll add another $5,000 a month contribution. So

my $500,000 by the time I'm 65 is

expected to be, and this is just leaving it in the industry super

fund, okay, is going to be about $5.5 million.

That may be fantastic for you, but just keep in mind of

what $5.5 million is gonna get you in 20 years. It's

probably not gonna be much, to be honest. Now, let's say you move

All of that, $500,000 over

to Bitcoin. Right now, there's a range of

views about what the return or the compounding interest

rate will be over the next 20 years. Michael Saylor, who's

a very, very famous Bitcoin evangelist, if you're not familiar

with him, Michael Saylor, S-A-Y-L-O-R. Go check him

out on YouTube. He's predicting 29%. Now, I just want to preface this

again. The last decade has

been over 60% average. The last four

years has been 55% average. And this year

in 2024, it's already been over 100%. So let me just say that. So 29% moving forward over the next 20 years is,

I would say, low. But

let's just use 29%. If you put that same money in, the $500,000, your

expected investment in 20 years is going to

be $217 million. That is unbelievable. Let's say, though, that It

does what I think it's going to do. And some people are saying it could be even

upwards of 50% average compounding interest. Let's

just say 40%. Let's go in the middle. 40% would mean

your investment would be $1.7 billion. I

know what you're thinking, right? It's going to be ridiculous.

But like I said, over the past year, it's been 100% alone.

And after four years, 55%. So 40% is

not unrealistic. Just for some more numbers real quick. Let's

say you're a much younger person, right? You're in your 30s.

You've got $150,000 already in super. We'll go back to our 29%. So let's say you've got another 10, 15. So

you've got 35 years, let's say, until you retire. And

remember, with any type of investment, it's time in

the market rather than timing the market, right? It's the compounding

interest effect over time that really matters. I'm going

to say you've got $150,000 now. I'm going to say you put in no

more money into Bitcoin whatsoever. Let's see what

the return would be or what the investment value would be. in

35 years time. It would be $3.4 billion.

That's starting with $150,000 and not putting a

single cent in, providing it did 29% average

over 35 years, right? Even if we said, look, Matt,

it's not going to do 29%, it's going to do 20%. that

will make it $155 million. Now, if you want

to do your own calculations, I will leave a link in

the description for the compound interest calculator. You can go to

the App Store, download it yourself, and start typing in your own

numbers to see what type of investment growth

you could see for your own situation. All right, guys, next

question came up about ongoing fees with a self-managed super

fund. Now, if you do your own research online, you'll see some

varying information. But yes, there is ongoing fees with

a self-managed super fund. I would say, in my

case, it's about $3,000 to $4,000 a year ongoing.

And you'll also see information that, hey, if you've got under $100,000 in

super, for example, then you should not bring that over to a

self-managed super fund. The reason why

that information is there is not to do with the fees. It's

to do with the fact that if you left it in existing traditional

assets, then the fees would be potentially too great.

And it wouldn't be worthwhile. However, what they don't take into account is

if you put that $100,000 or less into Bitcoin. They

haven't figured that bit out yet. Because we can predict what the

returns are going to be, what the compounding interest rate is going to be, which

is going to completely smash your $3,000 or $4,000 a

year in fees. So that's why it's really important to consider the

fees. But in my opinion, I would put the

$100,000 in or less into Bitcoin. OK, guys, I really hope

you've enjoyed that episode. I know at times it was a little bit detailed. If

you're not writing down notes, but you actually want to have the exact step-by-step

guide, Feel free to come into my online community.

It's absolutely free. You can come and get the guide of

setting up a self-managed super fund. It's the Bitcoin blueprint. It's

absolutely free in there. You can access it, follow along

the steps. You can even ask me more questions. within

the community. Okay, so find the link in the description. The other thing I

want to finalize on too is if you want to find out more information, I

always get this question is what books should I read? This one here right now is

called Bitcoin Evangelism. This is probably one of my most recent books. And

It's absolutely fantastic. And the Bible of

Bitcoin information will be this one here. It's called the

Bitcoin Standard. Thank you so much, guys. Again, I hope

you've enjoyed this episode. If you've got any more questions, leave them in the comments. And

thank you so much. See you on the next episode. Take care. 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

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