Has Dave Gone Soft On Crypto?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 21 July 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.9	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.7	Today's question comes from Chris in Florida.
0:16.5	He says, you used to be hardline against crypto, but in the last couple of months,
0:20.7	you've said that if you want to spend your fund money on crypto, go ahead, but it's speculation.
0:25.4	Have you softened your stance on crypto?
0:27.6	What would it take for you to see crypto as legitimate as any other currency, as as legitimate?
0:33.1	Dave, have you gone soft on us?
0:34.9	Well, let's start with the basics, okay?
0:43.4	There is no currency, regardless of how legitimate, that is a valid investment.
0:49.5	You should not buy the Chinese yen as an investment because your golfing buddy said it was a good idea.
0:51.3	Or some idiot on TikTok.
0:54.4	You should not buy the U.S. dollar or the euro and speculate on currency values.
0:59.0	That's what Bitcoin is.
1:00.5	If it's having a good day, that's what Bitcoin is.
1:04.1	It is not a place to invest.
1:06.0	If you want to speculate in commodities like gold or silver or wheat futures or whatever future,
1:17.4	that's what currency is.
1:18.8	You're speculating.
1:20.0	You're gambling.
1:21.6	Then that's up to you.
1:22.9	But don't call it an investment and no, I haven't gone soft.
	...

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