Fun

Financial Guru Dave Ramsey Says Crypto Is ‘Fun,’ Here to Stay, Can Be Part of Portfolios

News Feed - 2022-01-13 09:01:32

Financial Guru Dave Ramsey Says Crypto Is "Fun," Here to Stay, Can Be Part of Portfolios


Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said. Dave Ramsey Now Considers Cryptocurrency a Commodity That Is Here to Stay


Personal finance guru and Ramsey Solutions CEO Dave Ramsey discussed bitcoin and his new book titled “Baby Steps Millionaires” in an interview with Maria Bartiromo on Fox Business Tuesday.


Bartiromo asked him: “I know that you warned against crypto. You called it a get-rich-quick investment. Are you telling us that we do not have any exposure to crypto?” Ramsey replied: No, as long as the exposure is money you can afford to lose, whatever you want to do with that.


However, he cautioned: “We’ve got people mortgaging their homes. We’ve got people taking their retirement out of their 401k and dumping it into crypto as if it is a proven process to build wealth.”


While noting that “It’s just not a proven process,” he stressed: It’s a commodity. Is it going to be around? Sure, it’s going to be around.


He elaborated: “I think it’s kind of fun. I enjoy watching the whole thing and all that. But, it’s an anomaly on the side. It shouldn’t be a big part of a personal financial plan to build wealth. It could be a small part — for entertainment.”


Ramsey has come a long way in his view regarding bitcoin and cryptocurrency. In December 2020, he expressed his doubt on the Dave Ramsey Show that $100,000 in BTC could be cashed out. “If you really can cash it out and you might find out that this is funny money but I hope you can,” he said.


He told his listenersin April last year: “I would cash it all out tomorrow. I wouldn’t have been in it in the first place though.” In May last year, he explained: “We do not tell people to invest in highly volatile, unpredictable investments. And currencies of any kind fall in that category. Bitcoin will be the most volatile among those, crypto would be the most volatile among those.” Tags in this story baby steps millionaire, Bitcoin financial plan, build wealth, crypto financial plan, dave ramsey, dave ramsey bitcoin, dave ramsey crypto, dave ramsey cryptocurrency, Dave Ramsey"s advice


What do you think about Dave Ramsey’s comments regarding cryptocurrency? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Kim Kardashian, Floyd Mayweather Sued for Inappropriately Promoting Cryptocurrency Token FEATURED | 16 hours ago Report: Morocco Now North Africa"s Leading P2P Crypto Trading Nation FEATURED | 22 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam Next articleSwiss Bank Seba Predicts Bitcoin Could Hit $75K This Year Boosted by Institutional Investors Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItItalian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG


The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On ... read more.Bank of Russia to Collect Data on Crypto-Related Transactions Between Individuals Study Shows Market Share of Altcoins Surged Threefold Since 2014 Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals India"s Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency

News Feed

Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation
Turner Wright4 hours agoDo Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretationThe question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been b
ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment
ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment The president of the European Central Bank (ECB), Christine Lag
David Attlee14 hours agoIMF director urges ‘financial inclusion’ via digitalizationIMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion.1605 T
Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad?
Este artículo también está disponible en español. The Bitcoin price is struggling to recoverfrom recent declines, as the market downtrend has kept it significantly below
Ukraine Now Takes Polkadot, Says It Will Accept Other Coins Soon
Ukraine Now Takes Polkadot, Says It Will Accept Other Coins Soon Having already raised millions of dollars in major cryptocurrencies like bitcoin, Ukraine is now receiving donation
XRP Bulls Expect A Breakout As Price Compresses Between Key Levels – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Prashant Jha12 hours agoChina court declares virtual assets legal properties protected by law: ReportDespite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have establish
Crypto Exchange With Belarusian Roots Halts Operations for Russian Users
Crypto Exchange With Belarusian Roots Halts Operations for Russian Users Currency.com, a crypto exchange founded and initially licensed in Belarus, has suspended operations for Rus
Bollinger Band suggests further Bitcoin downside, but bull market still on: Traders
Ciaran Lyons44 minutes agoBollinger Band suggests further Bitcoin downside, but bull market still on: TradersCrypto traders are pointing to Bitcoin"s bollinger band being "released slowly" as an indicator that
Kripto Terbaik untuk Dibeli Sekarang: 5 Token Siap Meledak 100x?
Pasar kripto di awal tahun 2025 mengalami awal yang lambat, dengan Bitcoin jatuh di bawah $100k dan altcoin mengikuti tren penurunan. Namun, para analis memprediksi bahwa tahun ini
Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows
Este artículo también está disponible en español. The spot Bitcoin ETFs (exchange-traded funds) in the United States have recorded their first net outflow day in the past
Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency
Federal Reserve Governors Don"t See Reason to Issue Central Bank Digital Currency At least three Federal Reserve governors have said that they do not see a reason for the Fed to is