Can I buy altcoins in my self-managed super

fund? The very short answer is yes, you can. Now,

let me tell you this. Bitcoin's going to zero. Bitcoin's a

scam. It's terrible and don't invest in it. No one

else is. Right now, I'm a multi-millionaire. So

I actually don't want to go and get advice from a financial advisor

who's them themselves are not multi-millionaires. Bitcoin has

made an all-time high. So in recent weeks,

it made an all-time high of about $105,000. 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 Crypto Collective. My

name is Matthew Fraser. In this episode, I want to break down

some self-managed superfund questions that

come through just recently. So let's jump straight into

it. Alright guys, so just as a background, self-managed superfund.

Now this comes up a lot now because people are thinking, how

can I make more money for retirement okay

because most people sadly don't even think about

how much money they've got in super and how much money they're going to need

when they retire. Most people in Australia just

think I go to work for 40 odd years and

then when I retire I'm just going to have automatically have enough money

to sustain myself and live a comfortable life. But

I hate to tell you this, most people don't. That's

the sad reality. So what do you do about it? Well, you've got to make

some decisions about building your asset base. I don't want

to say building generational wealth because that's probably a step above

that, but at least getting enough funds into your super so

that you can have a retirement where you can actually have maybe

one holiday a year at the very least. Because right now, the super

funds are telling you that on the current rate of super,

you will have one holiday every seven years. So

if that sounds like your idea of fun, and you're probably going

to have to be subsidised by the pension, then do absolutely nothing.

Switch off this video because you're not going to want to know about how to build, I'm

going to say generational wealth, but you're not going to know how to build more

funds in your super for retirement. Okay. But if you do want to find out,

what is the method, then stay tuned to this video. And I'm

going to answer a lot of questions that come up, particularly in my community. If

you are interested in joining my community, absolutely free.

It's called Crypto Collective. And in there, there's a step-by-step guide

of how you can set up your own self-managed super

fund in order to get Bitcoin. Now, why Bitcoin? Because

Bitcoin has been the best performing asset over the

last 15 years. I mean, even just in 2024 alone,

we saw 120% in growth. Into the future, we

would expect it over the next 20 years to be at least,

well, Michael Saylor, who's a Bitcoin evangelist, would

say at least 29% average compounding interest

over the next 20 years. I would probably say around 50%. That's

my take. So you do your own numbers on what you're going to need. But

let's just jump into the questions now. So the very first question is, can I

buy altcoins in my self-managed super fund?

The very short answer is yes, you can. Now, let

me tell you this. I've moved all of my

super from my industry super fund into self-managed

super fund, and my asset that I buy is Bitcoin. And

I'm talking all of my super. Every single cent is

exposed to Bitcoin, and I even self-custody that

Bitcoin. Further than that, every amount of

super payment that I get monthly also goes into topping up more

Bitcoin. So I'm talking from experience, not

from someone who's saying, I don't do it, but you should

do it. OK, I do it myself. I've had my self-managed

super fund set up now for just over a year. And

I've seen now, for myself, over a 70% growth

in the first year. So just keep that in mind. Now, so

can you buy altcoins? Now, what is altcoins though? Altcoins is

everything except for Bitcoin, okay? So right now, blue

chip type of alt you would say would be Solana, Ethereum, maybe

Chainlink, maybe XRP, some

would say. But it's everything except for Bitcoin. Now, I don't hold

any altcoins in my self-managed super

fund. Everything is exposed to Bitcoin. Why?

Because fundamentally, I believe Bitcoin is

the true hardest money. It's the best store of

value. And it will create, in my opinion, generational

wealth. You go and do your own numbers on 29% compounding

interest rate on your super balance. and you see

what the numbers work out. Then go and put in 50% compounding

interest rate over the next 20 years. Now, I'm mid-40s, so I'm expected to

retire in 20-odd years time. And

that's kind of when I can access the Superfund. Because remember, too,

once you put the money into the Superfund, you can't take it out. You

can't go and spend it. So it's really a set and forget, and

that's what I love. Set and forget to me is Bitcoin. altcoins

the problem with altcoins is yes they might do some

higher growth in the short term but

the problem is altcoins run through narratives

so last cycle let's call it the last bitcoin

cycle we saw some of the altcoins lose

their shine. Some of the ones in

gaming or some ones in decentralized finance,

they might have been the narratives at the time, but now they're not. This

cycle, right now in 2025, the narratives are

AI is probably the biggest one. AI, and decentralized finance,

too, I think would be another big one. So the problem is, though, in

five years' time, those narratives may not be

popular anymore. So those altcoins either may

die off altogether and just close up shop. Because really,

when you think about it, altcoins are startup businesses.

That's what it is. People are behind the scenes running those

businesses. Some of them make money. Some of them don't. Some

of them have a use case. And some of them don't do anything at

all, particularly things like meme coins. So if you're

someone, this is what I say to all my friends and

family who have bought into Bitcoin or are thinking about buying

into Bitcoin, I would only buy something where you do not have

to think about it. You don't want to be having to watch the

markets on a daily, weekly basis to

know whether the altcoin that you purchased is doing well

or is it about to die. That's why I would

only suggest you buy Bitcoin. All right, next question. How

do you set up the legal entity for a self-managed super

fund? Now, I just mentioned before that in my private

community, which is absolutely free to join, no

strings attached, I simply just want to give my knowledge to you so

that you can be helped. And you can learn, I'll

have a step-by-step guide of exactly how I set up

my self-managed super fund and then converted it all over

to Bitcoin. So you can go into my community and do that. But

if you don't want to go down that path, you feel a bit too nervous about

logging into my community, then how do you set up the legal

entity? There's really two ways. One is you can go to an

accountant or a solicitor and get them to set it up for you. The

second way is you do it yourself, DIY. And there's

a lot of organisations online who will, I

guess, give you a helping hand in setting it up. It does come

with a lot of questions when you do it yourself. A

lot of the questions you probably won't know the answers to because it's

about legal frameworks and what have you. Whereas

when you set it up with your accountant, yes, you're paying more money

and probably to the tune of $2,000 to $3,000 compared

to the DIY, maybe $1,000, but

it's going to be more streamlined and easier with

your accountant because you can obviously ask questions and

they can guide you through the setup process. All right, next question.

What is the best bank to use to set up my

self-managed super fund? Now, this is

a hot topic, that's for sure. So here's the deal. Once

you set up your self-managed super fund legal entity, you're

then going to have to set up a bank account for that entity.

Once you have all your funds from your industry

super fund into your bank account, then

you're going to want to transfer it from the bank account to an exchange, right?

And that's so you can then buy Bitcoin. This is

For years and years, it's been pretty OK to

transfer money from a bank to an exchange. Particularly,

we have now banks, sorry, we have exchanges in Australia such

as Coinspot and SwiftX that operate in Australia. And

they come with Australian BSB and account numbers. So it's very

simple to transfer money from the bank to the exchange. However, in

recent times, we've seen an influx of people interested

in crypto and Bitcoin. Why? Well,

because Bitcoin has made an all-time high. So

in recent weeks, it made an all-time high of

about $105,000. And then in recent days,

it made an all-time high of nearly $109,000. And so

when Bitcoin reaches these all-time highs, it just

creates a lot of interest. It's funny because when

the Bitcoin price is cheap and it's at

a low price, there's no interest whatsoever. When

the Bitcoin price gets to an all-time high price, everybody

wants to buy it. It's like, now it's expensive, I

want to pay more, now's the time. It's backwards

thinking, but it's just because when it's down at its low

price, that's when there's also a lot of fear, uncertainty,

and doubt in the market. So you hear a lot of things about Bitcoin's

going to zero, Bitcoin's a scam, it's terrible, don't

invest in it, no one else is, and so people don't.

It's only until the Bitcoin price gets very

high, like an all-time high, that it creates a lot of

interest, and people can then see, wow, it was so

cheap, and now it's at an all-time high, therefore the

price went up, so maybe that's why I should buy some now. 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. Now, those people don't realize that,

of course, being at an all-time high, the price can also come

back down. OK, so that's what you've got to be aware of. So how

does this relate to banks? Well, when the all-time high

came in, it created this huge amount of surge to

the banks, so people wanted to transfer money out

of the banks to crypto exchanges. At the same time, we've

also seen a huge increase in crypto scams.

OK? And so the banks clamp down on

you taking your money out of the bank because they're in

fear of you getting scammed. Now, that's what they

say. But here's the reality, though. You've got to actually transfer

money from your bank to the exchange. Once it gets to the exchange,

you've got to convert it over to Bitcoin. And then if you were sending Bitcoin

to a scammer you then got to make another transaction to send it to the scammer So

it's actually got nothing to do with the bank because there's about

two or three steps in between there, right? But what happens

is people in Australia when they get scammed and in

this case Let's just say you sent money from an exchange where you sent Bitcoin

from an exchange to a scammer There is absolutely no

way for you to reclaim that Bitcoin back. And

that's the reason why scammers want you to transfer Bitcoin

over. Now, what people in Australia then do is they don't

blame themselves for getting scammed. They don't blame the

exchange for getting scammed. They go back to the bank

and they say, you shouldn't have allowed me to

transfer that money out because it went to a scammer, ultimately

went to a scammer. And the banks just

don't want a part of it. Because of course, I understand

that you want to get your money back. But unfortunately, it's actually

not the bank's fault. In that case, it's not the bank's fault. If

you were to transfer money from a bank account directly to

a scammer, as in fiat currency, then yeah,

you could probably go back to the bank and say, hey, listen, can you recall

that transaction? And there is a process to do that sometimes. But

when you are transferring Bitcoin, there is no Bitcoin

hotline. You can't call up the Bitcoin hotline and say, hey,

I've been scammed. Can you please give me back my Bitcoin? That's not going to happen. OK,

so therefore, the banks have now made it extremely difficult

for you to transfer money from their bank to an exchange. This is where I'm getting at.

Now, there are ways around it, and there are banks who still will

allow it. But for example, when I set up my self-made

super fund, I was using Macquarie. And I've had

no problems whatsoever of transferring my money from

Macquarie to an exchange. But in recent weeks with

the all-time high, Macquarie has now come out and

said, we are now not allowing any transfers whatsoever

to exchanges. I have a track record with

Macquarie of transferring to exchanges, so for the time being, I'm

not being targeted. But for anyone who's brand new

setting up their bank account to transfer money, they're

just putting a blanket rule in, no transfers. Now, this is

happening across many banks. And so what you've

got to do is a lot of homework. You've got to ring around to different banks, find

out who is allowing transfers. Personally,

I like A and Z. I do a lot of transactions with A

and Z. But you've got to ring around. And the other trick too

is, unfortunately, because what's going to

happen is you're going to get all your money out of the super fund and put it

into your bank. Now, that could be $200,000 to

$500,000 for most people, okay? Banks have a daily limit when

you do transfers. Maybe a $50,000 transfer limit

might be the maximum that you can do. So it's going to take you many,

many days to transfer out that money. But with

such large sums, up to $25,000 to $50,000, that

is going to raise red flags with the bank and they'll

put a hold or a ban on your account. So therefore, you've

got to start off with things like sending $100 or $50 at

a time to build up a transaction record.

So ultimately, when you start transferring larger

amounts, the bank doesn't flag it and ban your

account. That's just the way it is at the moment. Next question. What

are the main advantages of including cryptocurrency, I call

it Bitcoin, in a self-managed super fund compared

to traditional assets like shares or

property? Well, look, it really is up to you and

what your risk profile is and what you believe about the particular asset.

The more research you do in a particular asset, the

more conviction that you're going to have. So let me just say off

the, out of the outset, This one here, the Bitcoin

Standard, absolutely essential reading to

understanding Bitcoin. The second book I'm going to also recommend is

Bitcoin Evangelism. This one I like in particular at the back

because it has all the questions. If you're brand new to Bitcoin, you're going to

have a thousand questions. It answers all of those queries in

the back of that book. Now, the reason why I like Bitcoin compared

to property, for example, because property is really, really big

in Australia. I think traditionally, if

anyone was thinking about setting up a self-managed super fund, one

of the things they thought of was to buy property. And yes,

you can still go and do that. I'm not telling you what you

should do with your money. That's up to you. And

I would also recommend you speak to an accountant or

potentially a financial advisor. Now, I

didn't speak to a financial advisor. You're probably going to say,

what do you mean? You've moved all of your super over to

Bitcoin. You didn't even speak to a financial advisor. Well,

I just want to be honest. Right now, I'm a multimillionaire. So

I actually don't want to go and get advice from a financial advisor,

who them themselves are not multimillionaires. They're

still struggling. They're still struggling to pay the bills and pay electricity and

pay the rent. So I don't want advice from them. Secondly,

most, I don't want to put them all into one bucket, but I would say 99% of

financial advisors, they don't even understand Bitcoin. So

why would I even go and ask them about advice about investing

in Bitcoin? I can do my own research, hence

the books I've just shared with you. I can figure it out myself and

I can go from there. So that's what I I'm not

going to tell you to do the same thing, but that's my own personal

opinion. Go seek your own advice on anything that I say,

okay? I'm just sharing my own personal experience with you. So

the reason why I like Bitcoin compared to property is

because fundamentally, I believe Bitcoin is the freedom

money, it's the hardest money, and just on a practical

level, like don't get me wrong, I still do own

some properties, although I am selling some of my commercial properties off to

put more money into Bitcoin. But particularly

those who hold residential property, right now

in Australia, there's a sense of

residential property investors are not held in a very good light.

They are considered evil if you hold residential

property. And it's because of the current

housing market. I don't want to go into all the details of what

I think about Australia and the housing market and what should be done, etc. All

I can say is that there's lots of reasons why I would

not hold property now and I would hold Bitcoin. And if

you want to just think of the numbers, Well, first of all, Bitcoin

has been the best performing asset over the last 15 years.

And it was expected to be the best performing asset at least in

the next 20 years. You go do your own research, but that's why I'm invested in

Bitcoin. All right, next question. What are the common mistakes Australians

make when investing in crypto through a self-managed super

fund and how can they be avoided? Well, I

can only tell you the ones, of course, that I know about.

This is not encompassing every single mistake. I

think the first thing would be, but this is also not really to do with just crypto. It's

probably to do more with just self-managed super, and that is that you cannot

mix the money. Okay, what I mean by that is Once you

take your money out of the industry super fund and it's now

in your control, right? That's why it's called self-manage. You

are controlling the money. Some people think they can mix

it up. They can take some money out of their super fund, their self-managed super

fund, and they just might need to get a new

set of tires for the car, right? It's not there as a

surplus amount of money that I need for now. It is strictly to

be sanctioned and only to be used to

create wealth, create profits,

to set yourself up into the future for when you retire. That is fundamentally

what the Superfund is for, to set yourself up for

when you retire, when you're 65 or whatever the time

frame is when you get to that age. So it's highly regulated.

You must do things that are in the best interest of

the Superfund. Now, in my opinion, the

best interest of the super fund is Bitcoin. And

so that's why I invest everything into Bitcoin. So you must keep really good

records. You mustn't mix things up. So one of the other things would be

buying and selling Bitcoin, or perhaps selling Bitcoin

to buy into other altcoins. Now, you've got to be

really careful with this. The reason why you've got

to be careful is because once you sell an asset, it

is now considered a taxable event. So I

have heard stories of people trying to time the

market and use it a little bit like a trading account. So

they'll buy at one particular price, hoping the price will

come down. So they will sell,

the price will come down, and then they try and buy it at a

lower price. And they try and do this

on a daily to weekly basis. But this is

absolutely fraught with danger. Unless you're

a super, super duper experienced trader, There's

no way you're going to know that in a week's time, the market's

going to drop and so therefore, you know, you're going to sell your Bitcoin now to buy it back

cheaper. The best thing to do when you're dealing with Bitcoin

is to buy and hold. Don't think about trading it up and down. You're

going to create more taxable events. You may buy and

then it goes up. So now you're going to buy back in at a higher price, which

means you've got less Bitcoin. I think it's just fraught with danger.

Buy and hold. That's the strategy. Not only is that the strategy,

but I think you should also have a much longer time

frame. Now, the reason why I like the self-managed super fund is

because I can't touch the money anyway. A lot of

people also like that fund because the

money's not coming out of their personal bank account, right?

So they're thinking, okay, well, I'm not touching that money anyway. I'll

put that money into Bitcoin and let it see its growth over the years to

come. When you ask them to put their own money into Bitcoin, meaning

the money that's sitting in their personal bank account, then it's like, oh, I

don't know if I should do that. What if I need that money? So that's

why it makes much more sense for most people. And it's simple

to just buy the Bitcoin and hold it. don't

think of it in a weekly, monthly timeframe. Think of it as

a 10-year, 20-year timeframe, or even

longer. Next question, what role do you think Bitcoin halving

cycles or market trends play in influencing self-managed

superfund crypto strategies? Well, I just mentioned

before in the last question that you need to have a much longer timeframe

when you're thinking about investing in Bitcoin, particularly in your superfund, because

you can't touch the money anyway. So, no matter what age

you are now, I would be thinking of your retirement age.

Now, for me, I'm mid-40s. I know what you're thinking. Don't

look that old, I understand. It'd be

20 odd years, right? And so that's the time frame I'm

thinking. Some people, it might be 30 years, which would be

even better because you get to invest in the Bitcoin asset

for longer. Now, the halving cycles, that's

a whole nother kettle of worms. The halving cycle is essentially every four

years, the amount of Bitcoin that can be mined per

day halves. So in about, let

me think, I think it was April of 2024 was the last halving

cycle, it was around that time. It went from the Bitcoin miners

could extract 900 Bitcoin per day, whereas

right now you can extract 450 Bitcoin per

day. And so what happens is as less Bitcoin is

available in the marketplace, basically the price rises

because it's more scarce. Now that

Bitcoin halving cycle will happen all

the way out every four years until approximately the

year 2140. Okay, so there's a long time

to go before all of the 21 million Bitcoin is

fully extracted out of the Bitcoin system. So

when you're thinking about your Bitcoin strategy, it's simply buy

and hold. It's that simple. All right, guys. Last question. What tools

or platforms are best for Australians to track and

manage crypto investments in a self-managed super

fund? Two crypto exchanges that I would suggest which are based right here

in Australia. One is going to be SwiftX. That happens to be the platform that

I use when purchasing my Bitcoin. The reason I

do it through SWIFTX is not only are they great people at

SWIFTX but also it's a 0.6% fee

as opposed to Coinspot which is also a very good platform but

they have a 1% fee. There are some different ways to buy

or transfer into the exchange with using Coinspot compared

to SwiftX, but you may want to just have a look into

that yourself and figure out which one is best for you. The

second one I love to use is an app called Delta. I

use that to track all of my Bitcoin and

I just put it into the app, all the transactions and at

a glance I can see how much money I have

in any particular portfolio at any one time. Of course

in that app I use my personal accounts, I put my company

accounts and also my self-managed Superfund accounts in there as well.

One thing I'm going to leave you with Of course, not just platforms

or apps or tools, but of course, use your accountant. If you're setting up

a self-managed super fund, you're going to have to use an accountant to

do your tax returns and reporting. That is essential

to make sure that you're complying with the Australian Tax Office.

You don't want to be mucking about when it comes to the tax office, right? So make sure you're doing everything

by the book. And the other thing I'm going to say to you is

there's another app which I use to make my tax reporting really,

really simple. So rather than me having to go in and

try and figure it all out, there's an app called Coinly. It's K-O-I-N-L-Y.

Coinly. Now, that is a really inexpensive app

that simply helps doing tax reporting

when it comes to tax time. All right, guys, that's it for all of the questions. Thank

you so much for those questions coming through. Really appreciate it. If you've

got any questions, perhaps things that I've missed out when it

comes to self-managed super, please leave them in

the chat below or the comments. I'd be happy to answer them. If

you want to come and learn more specific information about not

just self-managed super funds, but any other types of things

like how to invest in property, or should I buy property, or

what's the best way to buy property with using Bitcoin, come

and join my free Crypto Collective private community. You'll

find the link in the bio or in the show notes. Hey guys, before I forget,

next episode, I've got an interview with Pav from

SWIFTX, just coincidentally, where I get to drill down

into the market trends of cryptocurrency right

here in Australia and find out which ones

are the best to invest in, who's doing what, and perhaps

even What impact is Trump making on

the crypto landscape? All right. Tune in to that next

episode with Pav from SwiftX. Until then, guys, thank you so much

for joining me. 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 don't miss an episode. You

can also find more of me at I'm Matthew