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It's like coming true, Sean. Like that to me was a freaking wake up call. I couldn't believe what

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was going on. Therefore, I really took this strong approach to questioning everything.

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A lot of people have put properties in their self-managed super fund. You have to pay an

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unrealized capital gains tax above the 3 million. You would now have to pay a tax. Now, how do you

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pay the tax? Where are you coming up with that money? Out of your pocket? Or, which most people

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don't have that. Most Australians don't have $100,000 sitting around in their bank balance,

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right? This is how ludicrous this is. You would have to sell the property to then pay the tax.

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But guess what? Because you sold the property, you'd have to pay capital gains tax as well.

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I could definitely see them being linked together with a digital ID and the central bank digital

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currency. I mean, I think what's interesting is this is all laid out. This is not even a secret

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anymore. It's that the government can track everything you do. So you go to the petrol

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station, you go to buy fuel. Beep, beep.

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Welcome back to G'day Bitcoin. Joining us today is Matthew Fraser, a sharp entrepreneur

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and Bitcoin advocate who takes a no-nonsense approach to wealth sovereignty and technology.

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His philosophy? Super simple. Allocate to Bitcoin, sit back, watch what it does, because

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in his view, we're heading towards the dematerialization of all assets into Bitcoin.

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With a business track record of over $70 million in turnover, Fraser has deep roots in Australia's

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entrepreneurial scene, including a decade-long friendship with the great Adam Hudson. He's been

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at the forefront of the crypto collective, speaking out on the rise of digital IDs,

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the threat of CBDCs and the tax agenda under Australia's Labor government, particularly

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around self-managed super funds and the controversial unrealized capital gains tax

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proposal. He even launched a petition, which I absolutely love, to protect tax-free super funds

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for Bitcoin and other assets.

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Never one to limit options.

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Fraser is also exploring international strategies for sovereignty,

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including Plan B passports in the UAE,

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ensuring freedom of movement and financial flexibility

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in an era of tightening regulations.

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Matthew, mate, welcome to the show.

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How are you doing today?

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Good.

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What an introduction.

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Unbelievable.

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Thank you so much for having me.

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You're a pretty incredible guy.

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Very inspiring, mate.

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And, you know, that recent podcast that you and Adam Hudson did, you talked a little bit about your journey and how long you've known each other for and sort of dove into that.

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It's a real pleasure and honor to be able to be talking with you and get your message out today.

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I think we align on a lot of things.

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And I think probably what we align on the most at the moment is CBDCs, digital IDs and what the Australian Labor government is doing.

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It just feels like there's this blatant attack on wealth accumulation in this country.

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Like, holistically, what are your thoughts at the moment with the path that it looks like this Labor government is just pushing through this?

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To me, I'd say it's a tyrannical agenda.

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Well, if anyone's seen or read 1984, Orwellian dystopian world, it's like coming true, Sean.

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I think the big wake-up call for me, though, if we just go back a step, was actually COVID.

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Like, that to me was a freaking wake-up call.

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I couldn't believe what was going on.

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And I knew politicians and I'm thinking, what are you doing, right?

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And it was so blatantly obvious that it was the biggest con that we had ever seen in the

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history of mankind.

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That's where I stood on it.

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Now, I'm very open about this, Sean.

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I didn't get the jab.

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None of my family did.

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In fact, we were prepared to just become hermits and just stay in the house.

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You know, there were people out there, Sean, that were saying, we want to go to the pub

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or we want to go to the shops.

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We're going to get the jab.

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No, no freaking way.

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there was no way that I was doing that anyway you could see it was it was just all a big a big show

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and and so my point is that was the wake-up call for me and it was around that time that I sort of

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discovered Bitcoin but it also coincided with with my business as well so I guess from there it's then

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if we move on to sort of in recent years you know I've become more awakened to politics and I think

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thing, Sean, is that most people, including my dad, for example, when as you're growing up,

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you just think that the people in power have good intentions. And when I say just even politicians

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have good intentions for the country, even your doctor, you think your doctor has good intentions

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for you. And we just saw through that, that that perhaps wasn't the case. There was a lot of,

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I guess, pressure on doctors, even if they knew the truth, they couldn't come out with the truth.

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So therefore, I really took this strong approach to questioning everything, which is kind of very

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aligned now into the Bitcoin ethos, which is question everything, which is then, of course,

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you go down the rabbit hole of what is money, the monetary system. It is very eye-opening.

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Now, if we bring that right to what's happening today under the tyrannical Labor government,

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it's a disgrace what is going on. When they started to talk about unrealized capital gains

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tax on superannuation. That's when I really hit the roof, because now it's attacking people's

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wealth. And you can imagine for a couple of what, 30 odd years now, people have been focusing on

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building their retirement savings in superannuation only to come out to this period now. And the

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government saying, actually, there's a $4.2 trillion honeypot there. We need some of that

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money. In fact, we're going to take some of it off you. Anyway, so my philosophy, Sean, is regardless

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of someone's wealth status, I don't believe the government should steal it. Agreed. And with this,

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what I find so hard, and I don't know if you've had an opportunity to chat with Jeff Wilson,

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if you haven't, I'll happily connect you to from Wilson Asset Management. I had him on the show

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and we dove into it. It just makes absolutely no sense. I don't believe any other OECD

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country has implemented an unrealized capital gains tax. I guess if you'd be able to take a

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moment with what is this proposed tax with Division 296 and like why is it so bad? Why is

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not a realized capital gains tax, which we're all used to, but an unrealized capital gains tax,

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how do they differ and why is it so much worse? Well, if I just forget about super for a second,

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we just talk traditional assets. Generally speaking, under the taxation system that we

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operating within Australia, you only get taxed on a sale of an asset. So when something is a,

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let's use property as an example. You sell a property and if there's an investment property

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that has a gain, you bought it for 500, you sell it for a million, you've now got a gain of $500,000.

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Now there's a tax that you've got to pay on the 500,000. Now, then of course, you've got some

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different rules with capital gains discounts and what have you, depending on how long you've held

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the asset for. But the point is that you only pay the tax when you sell the asset, which I think for

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most people, I guess, you know, I'm kind of become more against taxes in general. But for most people,

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they kind of stomach it. They're like, okay, we've sold the asset and we pay the tax. Under the

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unrealized capital gains tax in the same scenario of the property, if you're, let's say you had a

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property portfolio of over this $3 million, which is the current cap, even on that million dollar

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property, that $500,000 gain that you've had in that particular year, let's say, would now be taxed

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even if you did not sell the property, right? And so when you relate this now back into superannuation,

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if you've got a lot of people have SMSFs, right? Self-managed super funds. And quite often in

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Australia, you know, Australia is heavily geared up on property. They love property, right? I'm

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actually turning away from property, okay? Now, I had my blinkers on for many, many years, John,

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so don't get me wrong. So people have been indoctrinated into the property market,

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that it is the be all and end all. A lot of people have put properties in their self-managed super

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fund. Now, if you're accumulating properties, and you may have even heard stories about farmers who

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have these huge wads of land in an SMSF, now they're most likely well over $3 million. And so

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what the government is now saying is if your SMSF now is it goes over $3 million, you have to pay

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an unrealized capital gains tax above the 3 million.

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Now, it's a little bit more complicated than that,

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but just to keep it simple.

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And so therefore, if you have accumulation of properties,

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which a lot of Australians do in an SMSF,

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you would now have to pay a tax.

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Now, how do you pay the tax on?

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You're either gonna have to come up with the money

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out of your own pocket,

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and it could be in the vicinity of,

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let's say the bill for this year is $100,000, right?

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On a capital gain above 3 million.

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Where are you coming up with that money?

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out of your pocket, or, which most people don't have that, most Australians don't have $100,000

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sitting around in their bank balance, right? Most, if it's tied up in property, that's where

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the assets are, the wealth is. They would then have to sell the asset. This is how ludicrous

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this is. You would have to sell the property to then pay the tax. But guess what? Because you

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sold the property, you'd have to pay capital gains tax as well. It's just absolutely ludicrous.

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And I think that's why people like, you know, even Paul Keating, former Prime Minister of Australia, former Treasurer of Australia, one of the architects for the superannuation system.

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Now, I'm not saying I even believe in the superannuation system anymore, but he was one of the architects, a former Senator Bill Kelty, or at least Minister, I think he was.

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Now, he was also an architect of the superannuation.

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They're both, and they're both Labor stalwarts, Sean.

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They're opposing Labor's unrealised capital gains tax.

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So it is an absolute insidious tax. Now let's turn this into Bitcoin. Let's say that you've

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accumulated Bitcoin in your SMSF. Now I have converted all of my shitty industry super fund

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money getting like seven or 8%. I've converted all that under an SMSF into Bitcoin, which in itself,

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which is congratulations to you, right? Because it is really the own, it's the life raft I talk

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about for most Australians right now. And the window is closing on that too. So if you've now

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got over $3 million in your Bitcoin. Now, you would now have Bitcoin that you would have to sell

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to pay this unrealized capital gains tax, even if you didn't want to sell it, right? Absolutely

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outrageous. So I think people need to wake up to it. I'm surprised there's not much in the street.

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I did start that petition, as you said, but I was actually calling for, let's get rid of all taxes.

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So no tax when you put the money in, no tax when you take the money out. And I know there's some

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different rules around that, depending on whether it's accumulation phase or pension phase. But just

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in general, no taxes whatsoever. So if the government truly does want people to save for

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their retirement, right, and I'm 46 years old now, most people who get into their 40s, mid 40s to 50,

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you then start thinking about retirement, right? When you're in 30s and 20s, you don't even think

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about it. I would say let's get rid of all taxes. And yeah, sure, put some money aside for your

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retirement, but let's not penalize people or tax them, one, for even putting the money in there.

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And secondly, if they've done very, very well. I want to make this other point, Sean, is that

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I've been absolutely, which I love, don't forget, on social media. I love getting attacked on social

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media. I was like, give it to me, guys. Let's go. These socialists and commies that are out there

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in the internet world attacking people like myself because we're opposed to the theft of our

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retirement savings, right? And that's because these people have basically got no life. They look at

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other people like yourself or myself who might have over $3 million in their super fund, you're

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too rich, right? They've put this imaginary cap on how much someone can possibly earn. And the thing

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that they make the mistake on, because they're not, they're stupid, is they think that if you've

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got over 3 million, you must have a very high paying job and you've taken, you know, your 10%,

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11% out of your wage to put into super, right? And the only reason, the only way you can get to

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over 3 million is you've got a really high paying job. But what if people like you and me, Sean,

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actually had the balls and the courage and the conviction in a particular asset like Bitcoin,

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and we allocated to Bitcoin? And let's just say that grew over time because it's compounding at

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a 50 plus percent CAGA at the moment, right? Shouldn't we reap the rewards of that because

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we took the risk, we had the conviction, rather than people who didn't. So those people don't

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understand that. They don't understand that you can buy an asset and it could grow to over $3

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million and you could be taxed. They just think you've got a high paying job and how dare you?

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I think one of the other insidious things

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with like $3 million unrealized capital gains,

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well, number one, it's not tied to inflation,

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but to be a self-funded retiree now it's estimated that it's going to cost three million dollars

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so that's the number people need to achieve so is that why they've come in at the three million

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dollars because they don't want people to have personal agency personal freedom etc but then

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also like you're saying by taking that risk and people like oh you just got lucky or something

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yeah like lucky that i didn't believe the media lucky that i read like every single bitcoin book

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lucky that I put thousands and thousands of hours, years of my life into studying this asset class.

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And it wasn't just even studying Bitcoin. It was the 10 to 12 years before finding Bitcoin of trying

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to break free of the matrix, trying to be able to create wealth in my own life, and then realizing

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after that trial and error and all those failures, I'm not getting compensated for all the failed

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businesses I've had, everyone that I've had to pay off to be able to scrape by, to be able

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able to fix my own fuck-ups. But as soon as you get something right, they just want to take it.

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And for the socialists or the communists to be like, you don't deserve that,

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it makes absolutely no sense. The people that have that money, let's say they didn't make it

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from investing and it was from a high-paid job. The reason they're getting paid a high wage is

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because they're providing a high level of value or service to the marketplace. Don't we want to

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reward those people and don't want we want them to be self-funded to be spending their money

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on things of value into the community and things like that it's just it's just all the fast but i

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want to just double click into the self-managed super funds you're an advocate of them i'm an

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advocate for them i'll put your links below the links to my website where you can connect with

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either of our self-managed super fund partners but if we stay in the traditional superannuation

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system well number one you can't buy bitcoin that's why i went down the self-managed super

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fund i called up the industry super fund said hey can you guys allocate just a little bit to bitcoin

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they're like no we can't do that and so i jumped on google i'm like what super fund in australia

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will um allocate to bitcoin it's like no super fund in australia can allocate to bitcoin i'm like

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how can i buy bitcoin with my superannuation it's like you can't buy with your superannuation but if

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you were to set up a self-managed super fund then you can buy and then you can self-cust you i was

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like okay how do i do that and like set it up you know within the day and i did the initial process

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obviously it's better to do it as quick as possible because it can take a long time with the

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ato and and the bank sometimes if there's holdups um for example and i think that's why we've got

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channel partners to be able to make it a little bit easier for people to be able to go through it

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but you take these risks and you do it like you want to choose something where you're taking

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self-responsibility for it, knowing that if it goes wrong, that's on me. If it goes right,

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it's on me. But if it goes wrong, the ATO is like, ah, that's not on me. It goes right. Ah,

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you're zoosome. You're like, come on guys, give us a break. Life's already hard enough. You're

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debasing the currency at 11% a year at the moment, roughly 63% over the last five years.

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It's absolutely crazy. And then I think like as you pair these dystopian sort of tax laws,

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along with digital IDs and then see these sees I think we could go down a slippery path straight

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away so I want to sort of soft pivot towards digital IDs and then we'll like weave all

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this back together towards then but I know you've talked a little bit about him you know

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Anthony Albanese with his under 16 social media bill we need to be able to protect kids

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it's always about be able to protect kids because it pulls on the heartstrings they're

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fucking pretty clever these people sinister but clever and then we see Keir Starmer running

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with it as well.

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And so that people aren't going to work illegally.

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They're already fucking working illegally.

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And they get paid in cash.

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But I guess CBDCs, I mean, digital IDs, then you pair it with the CBDC.

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It does remove cash out of the economy.

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So what do you sort of think the agenda behind the digital IDs?

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And are they linked with CBDCs?

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Or could you see them being linked with CBDCs?

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And then what happens?

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Sean, I could definitely see them being linked together with a digital ID

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and the central bank digital currency.

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I think that's, I mean, I think what's interesting is this is all laid out under the WEF's 2030 agenda.

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This is not even a secret anymore.

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I'm nothing to be happy.

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And my new catchphrase is, I will own nothing except for Bitcoin and be happy.

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I love it.

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Because I'm actually dematerializing everything anyway.

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I'm dematerializing all my physical assets, which we can go into that later as to why I'm doing that.

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We will.

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But, and the thing is, it's a big joke right now because everyone can see straight through what Keir Starmer's trying to do,

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which is we're going to bring in a digital ID. And the point he made was to stop illegal immigrants

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from working and essentially taking jobs from everyday Brits, right? And you think,

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God, he's a good guy. He's looking after the Brits, right? The UK has one of the strongest

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navies in the world. You think they couldn't just go and park some destroys and frigates and what

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have you in the channel and just say, guess what? No more immigrants. But what they've done

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is they've deliberately allowed that problem to take place.

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They could have easily have stopped the boats, right?

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They could have got old Tony Abbott over there

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and he would have sorted it out.

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Like that was his catchphrase

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in the 2013 Australian election was stop the boats.

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And as soon as he got elected, you know what he did?

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He stopped the boats.

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He just sent the destroyers up there

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and they just turned them all back, right?

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And so the illegal trafficking stopped pretty much overnight.

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This is destroying Britain deliberately.

287
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I think it's by design.

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It's create the problem.

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and now we've got the solution.

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And they're trying to run this.

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I think it was Switzerland, Sean,

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where they're trying to also bring in another digital ID.

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And they just had a vote on it.

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It's been through something like three times

295
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and it hasn't got passed by the public.

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And just recently, I think it was like 50.6% approved of it, right?

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Like, oh, look, they approve of it.

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So I think we're good to go now.

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And I think if people really realize,

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because I mean, we talk about it right now saying,

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oh, it's terrible.

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I actually sat down with someone before Keir Starmer was talking about it, and it was a parent at the school.

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And I said, you know, they're talking, this is to Bob, right?

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Bob, the other parent there.

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I said, you know, they're talking about bringing in a digital ID into Australia.

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And this was probably around when Albanese was talking about this under 16s, you know, protect the children social ID thing.

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And he said, no joke, he said, I think it's a good thing.

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And I was just like, really?

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He says, yeah, well, you know, I've got nothing to hide.

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You know, I'm happy if they want to see everything that I'm doing.

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And I said, well, do you also realize that it's going to, I believe,

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is going to be forming part of your social credit score, right?

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Now, for people that don't understand what the social credit score is,

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it means that the government can track everything you do.

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So you go to the petrol station, you go to buy fuel.

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Beep, beep, sorry, declined.

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You've used too much fuel for the month.

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00:22:01,764 --> 00:22:03,524
Your carbon credit is too much.

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Go to the checkout for Coles and buying some meat or something.

320
00:22:06,364 --> 00:22:07,404
Beep, beep, sorry, declined.

321
00:22:07,864 --> 00:22:10,764
You've overstepped your allowance for meat this month, right?

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Electricity, beep, beep, sorry, declined.

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And it's not even just purchasing things.

324
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There's things like, hey, we did a retina scan of you as you were driving down the road

325
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and we saw you holding a mobile phone or something.

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Boom, instantly driver license canceled.

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And now you can't drive for like a year, right?

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You can't even get into a car.

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I mean, it just goes on and on and on.

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And if people love that type of idea of complete government control oversight, then maybe move somewhere else where they've got it.

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I often talk about, Sean, let's create our own sovereign state within Australia, right?

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Where we can just have our own Bitcoin standard.

333
00:22:51,444 --> 00:22:52,724
We can just be free people.

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On the flip side, I live very close to Byron Bay, home of the commies and the socialists.

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There's like total socialism down there.

336
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And I often joke and say, we should just sanction off Byron Bay and let them have it, right? They can fight amongst themselves and have all the commie shit they want down there, right? We don't want it out here. The proper people don't want it.

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So look, I think it's a major, major issue

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and people really need to wake up to what's happening.

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And I'll be shocked if it actually gets passed eventually in the UK

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because what they're talking about is bringing it in

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by the end of the term of government.

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So Keir Starmer, I think in the UK, they have about a five-year term.

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So they've got about roughly another four years to go to roll this out

344
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and let's just see how it does roll out

345
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and if there's going to be more marches in the street.

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Yeah, it would be interesting.

347
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What I've loved to see is the pushback in the last week.

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I think the figures I saw today was like 2.4 or 2.5 million people have petitioned against it.

349
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So the awareness, like in such a short period of time, like a matter of days, that's gotten out there.

350
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So I think that's pretty exciting to see that people are actually paying attention.

351
00:24:05,144 --> 00:24:10,464
But when it comes to Australia, that conversation is not there for the majority of people, I think.

352
00:24:10,464 --> 00:24:16,504
Australians in general are starting to wake up with a couple of things that's happening like just

353
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this week, Monday, twice within 24 hours, I got totally debanked from our company bank accounts

354
00:24:22,344 --> 00:24:26,584
trying to buy Bitcoin. So we can go into that as well. But there's just like all these little

355
00:24:26,584 --> 00:24:33,484
touch points and people are now, I think, really in the last six to 12 months feeling the effects

356
00:24:33,484 --> 00:24:39,904
of inflation. A lot of the rhetoric is still other greedy grocers or whatever. But when you start to

357
00:24:39,904 --> 00:24:43,324
talk to people, they're like, oh, it's so expensive. And you have a conversation. You're

358
00:24:43,324 --> 00:24:47,524
like, you do realize they're not just jacking up the prices for no reason. It's because the

359
00:24:47,524 --> 00:24:53,884
government printed so much more currency in response to the COVID pandemic or scandemic,

360
00:24:53,984 --> 00:24:58,084
whatever you want to call it. And they're like, oh, is that how inflation works? Yes,

361
00:24:58,084 --> 00:25:01,584
that's exactly how inflation works. The government's directly responsible for it.

362
00:25:01,584 --> 00:25:06,404
And then you're like, you do understand that the Australian dollar since 1966, I believe,

363
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has lost 93% of its purchasing power.

364
00:25:10,064 --> 00:25:10,284
Whoa.

365
00:25:10,424 --> 00:25:12,204
And the last six years,

366
00:25:12,344 --> 00:25:14,664
it's lost more than 50% of its purchasing power.

367
00:25:15,204 --> 00:25:15,404
Whoa.

368
00:25:16,044 --> 00:25:16,844
What can I do?

369
00:25:17,324 --> 00:25:18,144
Ladies and gentlemen,

370
00:25:18,384 --> 00:25:19,384
this is exactly what you can do.

371
00:25:19,424 --> 00:25:21,004
You can read the books, the big print.

372
00:25:21,184 --> 00:25:21,364
Yeah.

373
00:25:21,564 --> 00:25:23,824
You start there and start to understand it.

374
00:25:23,844 --> 00:25:25,224
But I think now Australians

375
00:25:25,224 --> 00:25:27,324
are really starting to feel that pain.

376
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Their pay may go up with a little bit

377
00:25:29,224 --> 00:25:30,244
with inflation or something,

378
00:25:30,324 --> 00:25:31,824
but not enough for real inflation.

379
00:25:31,824 --> 00:25:34,824
I get the inflation numbers and figures

380
00:25:34,824 --> 00:25:40,164
from Jim Sharma's, which is so made up, is celebrating the other day. And they're starting

381
00:25:40,164 --> 00:25:45,624
to realize that the math is not mapping anymore. So I guess that brings us directly into Bitcoin.

382
00:25:45,724 --> 00:25:50,824
And how does Bitcoin protect someone with all of these things? In a self-managed super fund,

383
00:25:50,924 --> 00:25:56,284
how does Bitcoin protect someone's retirement? In their personal funds, when they hold their

384
00:25:56,284 --> 00:26:00,124
own keys, you have to hold your own Bitcoin keys, ladies and gentlemen. There's no option. It can't

385
00:26:00,124 --> 00:26:04,244
be on the exchange. It can't be on the ETF. You have to take 100% self-custody.

386
00:26:04,244 --> 00:26:10,224
with that. But then how does it also open up like freedom of movement, like plan B citizenships,

387
00:26:10,344 --> 00:26:15,764
et cetera? How does it save you even if they bring out digital IDs and CBDs? If you've got

388
00:26:15,764 --> 00:26:19,264
a relationship with a butcher or something, it's this peer-to-peer electronic money.

389
00:26:19,664 --> 00:26:24,664
How does Bitcoin come in and actually make everything better? Like how's Bitcoin fix this?

390
00:26:24,664 --> 00:26:27,764
Well, first of all, I want to say on this whole self-custody thing, Sean,

391
00:26:28,404 --> 00:26:32,884
I've been a big fan of your channel for so long that I actually signed up with the Bitcoin way,

392
00:26:32,884 --> 00:26:36,124
the trusted cybersecurity partners.

393
00:26:36,824 --> 00:26:38,124
And I know that you're a big fan of them

394
00:26:38,124 --> 00:26:39,404
and I signed up through you.

395
00:26:39,464 --> 00:26:41,224
So thank you so much for introducing me

396
00:26:41,224 --> 00:26:41,924
to the Bitcoin way.

397
00:26:42,344 --> 00:26:43,764
And I think that everyone should do that.

398
00:26:43,844 --> 00:26:44,944
I know you probably have a link

399
00:26:44,944 --> 00:26:45,964
in your description below

400
00:26:45,964 --> 00:26:47,664
and people should really take advantage of that

401
00:26:47,664 --> 00:26:49,804
because it really is absolutely

402
00:26:49,804 --> 00:26:52,784
the most important thing you could possibly do.

403
00:26:52,944 --> 00:26:53,884
When you get the node

404
00:26:53,884 --> 00:26:55,604
and you've got your own sovereign bank,

405
00:26:56,064 --> 00:26:57,544
your world starts to change

406
00:26:57,544 --> 00:26:58,864
and you do start to realize that,

407
00:26:58,944 --> 00:27:01,724
hey, the Bitcoin is in my possession

408
00:27:01,724 --> 00:27:03,824
and no one else can seize it.

409
00:27:04,124 --> 00:27:05,424
It's really, really powerful.

410
00:27:05,704 --> 00:27:07,184
Look, I talk to so many people,

411
00:27:07,644 --> 00:27:09,244
particularly in my own online community,

412
00:27:09,244 --> 00:27:11,644
which has now grown to like over 1,400 people,

413
00:27:11,784 --> 00:27:12,544
mainly Australians.

414
00:27:13,104 --> 00:27:14,844
It actually started because I was a bit,

415
00:27:15,864 --> 00:27:17,264
what do I want to do with my life?

416
00:27:17,544 --> 00:27:19,264
I wanted to continue talking about Bitcoin.

417
00:27:19,584 --> 00:27:20,744
I'm just going to create this community

418
00:27:20,744 --> 00:27:22,664
and it's just completely gone bananas.

419
00:27:23,604 --> 00:27:25,304
I'll link it below for everyone.

420
00:27:25,604 --> 00:27:25,984
It's free.

421
00:27:26,404 --> 00:27:26,964
Thanks, Sean.

422
00:27:26,984 --> 00:27:27,304
By the way.

423
00:27:27,864 --> 00:27:28,584
You can come in there.

424
00:27:28,664 --> 00:27:29,664
Yeah, it's absolutely free to join.

425
00:27:29,664 --> 00:27:41,684
And what I do in there is I've got just information about Bitcoin, of course, but in particular, I've got a step-by-step guide of actually how to move your funds from your industry super or retail super into an SMSF and allocate to Bitcoin.

426
00:27:42,404 --> 00:27:46,124
My dad has bought Bitcoin.

427
00:27:46,244 --> 00:27:46,804
I want to say that.

428
00:27:47,144 --> 00:27:47,764
He's 74.

429
00:27:47,984 --> 00:27:49,144
He's got his own Bitcoin stack.

430
00:27:50,004 --> 00:27:55,244
But both of my sisters have now created an SMSF and allocated to Bitcoin.

431
00:27:55,244 --> 00:27:59,204
because they've seen obviously the purchasing power

432
00:27:59,204 --> 00:28:01,124
of their own money going down.

433
00:28:01,124 --> 00:28:03,744
Their super is absolutely struggling.

434
00:28:03,744 --> 00:28:05,344
I spoke to a friend of mine the other day,

435
00:28:05,344 --> 00:28:07,484
he's nearly 50 years old.

436
00:28:07,484 --> 00:28:10,384
I said, dude, how much money have you got in super right now?

437
00:28:10,384 --> 00:28:11,624
180 grand.

438
00:28:11,624 --> 00:28:13,424
I was like, oh my God.

439
00:28:13,424 --> 00:28:26,008
I said can I say the F word I said I literally said Yeah of course Fuck You fucked Yeah Proper I wanted to just say that to him in a way of like dude you need to wake up

440
00:28:26,328 --> 00:28:31,828
Because I said, unless you want to retire on the pension, then fine.

441
00:28:31,968 --> 00:28:32,748
Like don't do anything.

442
00:28:32,988 --> 00:28:35,568
Like do nothing then if you want to retire on the pension.

443
00:28:36,168 --> 00:28:40,228
Do you know that the Australian industry super funds, they've got this website, right?

444
00:28:40,228 --> 00:28:43,648
And it tells you how much you should expect to live on when you retire.

445
00:28:43,648 --> 00:28:56,668
At the moment, because the thing is, Sean, when we were indoctrinated into super, most people think that when they just go to work, they go to work, they finish at 65 or whatever, and they're just going to have this amazing life.

446
00:28:56,828 --> 00:29:01,548
That's the time I can sort of travel the world and buy the caravan and all this, right?

447
00:29:02,108 --> 00:29:03,408
That's not happening, right?

448
00:29:03,408 --> 00:29:09,408
when you do the numbers, but the industry, the superannuation industry website tells you that

449
00:29:09,408 --> 00:29:15,728
even on the best case for the average Australian, you will be able to retire at 65 and you'll be

450
00:29:15,728 --> 00:29:22,868
able to go on one international holiday once every seven years, right? That's what they classify as

451
00:29:22,868 --> 00:29:28,948
great. By the time you get to, what is that early 17s, you've been on one. So by the time you get to

452
00:29:28,948 --> 00:29:35,368
80, you may have been on two international holidays, right? It is a disgrace. Even at the

453
00:29:35,368 --> 00:29:40,148
lower end, when you're on a pension, it actually says, how many haircuts do you expect to get?

454
00:29:40,568 --> 00:29:44,748
You can't have any haircuts. You cannot afford a haircut. They're like, you're going to have to

455
00:29:44,748 --> 00:29:51,448
cut your own hair, right? So this is the reality and the practical side of what does it mean to

456
00:29:51,448 --> 00:29:57,368
have minimal amount of money in retirement? It's going to mean, A, you probably can't retire.

457
00:29:57,668 --> 00:29:59,168
you've probably got to keep working.

458
00:29:59,628 --> 00:30:00,928
Mark Buros is now famous.

459
00:30:01,048 --> 00:30:01,948
I saw a clip of him.

460
00:30:02,348 --> 00:30:04,648
He's like, look, most Australians are going to have to work

461
00:30:04,648 --> 00:30:06,068
until they're 80 or 90.

462
00:30:06,388 --> 00:30:08,308
Because if they think they're retiring at 65,

463
00:30:08,628 --> 00:30:10,268
their money's just not going to last

464
00:30:10,268 --> 00:30:12,128
because they're living older as well, right?

465
00:30:12,128 --> 00:30:13,048
That is the other factor.

466
00:30:13,568 --> 00:30:15,148
So you're going to basically live older

467
00:30:15,148 --> 00:30:18,528
and you're going to be poor for most of it, right?

468
00:30:18,708 --> 00:30:21,308
And that one I told you about at the beginning of,

469
00:30:21,308 --> 00:30:23,468
you know, holiday every seven, every one to seven,

470
00:30:23,828 --> 00:30:24,988
one holiday every seven years,

471
00:30:25,168 --> 00:30:27,308
that's if you own your own house, right?

472
00:30:27,368 --> 00:30:30,928
So if you're renting, you're double fucked.

473
00:30:30,928 --> 00:30:41,468
So I encourage people to look at allocating to Bitcoin as a hedge against the currency debasement, the money printing, right?

474
00:30:41,768 --> 00:30:43,648
So that they can stack a pile.

475
00:30:43,848 --> 00:30:46,488
And in retirement, they can then say, hey, you know what?

476
00:30:46,708 --> 00:30:49,628
At least this has grown at a CAGA right now, roughly, Sean.

477
00:30:49,688 --> 00:30:53,628
If you listen to Michael Saylor, at least 29% over the next 20 years.

478
00:30:53,668 --> 00:30:55,888
And then after that, probably down to 21%.

479
00:30:55,888 --> 00:31:03,288
If you can withstand the volatility, the great thing about allocating in an SMSF is that you can't touch it anyway.

480
00:31:04,268 --> 00:31:11,248
So you either leave it in your shithouse 7% to 8%, at best case, 10% average, right?

481
00:31:11,428 --> 00:31:16,768
Which is not going to deliver you a good retirement or one that you probably think you're going to get.

482
00:31:16,948 --> 00:31:18,848
Or you allocate to Bitcoin.

483
00:31:19,028 --> 00:31:22,048
Now, people should also know they don't have to allocate.

484
00:31:22,188 --> 00:31:23,268
Let's say you're on the fence.

485
00:31:23,268 --> 00:31:24,488
You're like, I don't know, Sean.

486
00:31:24,488 --> 00:31:32,128
I know Sean talks it up a lot and he's got his super and Bitcoin, but I don't have the conviction like Sean has.

487
00:31:32,388 --> 00:31:32,888
No problem.

488
00:31:33,328 --> 00:31:36,288
You might have $180,000 sitting in super like my friend.

489
00:31:37,208 --> 00:31:38,468
You could just pull that $80,000.

490
00:31:39,508 --> 00:31:44,668
You just put $80,000 of your super into an SMSF and have two things happening.

491
00:31:45,388 --> 00:31:51,488
What you're going to hear, though, from financial advisors who most likely are broke themselves,

492
00:31:51,488 --> 00:31:58,528
themselves. They're providing advice on finances and retirement. They're living paycheck to paycheck

493
00:31:58,528 --> 00:32:05,548
short, right? But if you put $80,000 into Bitcoin, I believe that will grow substantially far greater

494
00:32:05,548 --> 00:32:10,928
than even your $100,000 left in your industry fund and will set you up for retirement. So people

495
00:32:10,928 --> 00:32:16,868
have got options is what I want to say. Yeah, I think that's a great option. I think one caveat

496
00:32:16,868 --> 00:32:22,308
it is yes, Bitcoin is volatile and the volatility is coming out of the markets with the big hedge

497
00:32:22,308 --> 00:32:27,328
funds, Wall Street and everything like that. We're not getting these big 36% drawdowns that

498
00:32:27,328 --> 00:32:33,128
we could get on any random Tuesday. I want them to come back. I'm hoping for more dips,

499
00:32:33,288 --> 00:32:40,748
but it sort of feels like they're going away. And Bitcoin only moves like nine to 11 days per year.

500
00:32:40,828 --> 00:32:46,168
So it's sort of like sideways or down and then it'll make its moves. And today is almost one

501
00:32:46,168 --> 00:32:51,288
of those moves. I think you could almost count it as one of those one day out of 11 this year.

502
00:32:51,648 --> 00:32:56,988
But keeping a traditional industry super fund, like you can talk to Matt's partners, you can talk

503
00:32:56,988 --> 00:33:01,628
to my partners, you can talk to anyone else that provides self-managed super fund setup. Just find

504
00:33:01,628 --> 00:33:06,668
someone that understands allocating to Bitcoin specifically, that's putting a bit of effort so

505
00:33:06,668 --> 00:33:12,428
you don't get talked out of that. So a big lot of feedback that I've gotten. I've talked to people

506
00:33:12,428 --> 00:33:14,688
about setting up a self-managed super fund to buy on Bitcoin,

507
00:33:14,868 --> 00:33:17,128
the financial advisor says, no, you shouldn't do that.

508
00:33:17,408 --> 00:33:20,228
By keeping your traditional one that you have at the moment

509
00:33:20,228 --> 00:33:21,828
and then your self-managed super fund,

510
00:33:21,948 --> 00:33:23,508
with a self-managed super fund,

511
00:33:23,608 --> 00:33:26,508
it's whatever you choose to put in there or add on top of it.

512
00:33:26,588 --> 00:33:29,668
So like insurance and things that doesn't necessarily come with it,

513
00:33:30,108 --> 00:33:34,968
your super fund, industry super fund that you've had for 5, 10, 15, 20, 30 years

514
00:33:34,968 --> 00:33:37,968
might already have great life insurance and things like that

515
00:33:37,968 --> 00:33:39,648
or other things attached to it,

516
00:33:39,648 --> 00:33:44,768
which may not provide you cash flow or money, but which may be beneficial.

517
00:33:45,148 --> 00:33:48,848
You don't want to just shut that down on a whim because you get all excited about Bitcoin.

518
00:33:49,008 --> 00:33:49,728
Like take it slow.

519
00:33:49,848 --> 00:33:54,648
Talk to somebody that understands what's going on because there may be a benefit of even leaving

520
00:33:54,648 --> 00:33:58,408
five grand, 10 grand or leaving that hundred grand in there and just rolling a little bit

521
00:33:58,408 --> 00:33:58,588
out.

522
00:33:58,668 --> 00:33:59,448
But over to you, brother.

523
00:34:00,288 --> 00:34:03,368
Well, Sean, that's a really good point that you've just raised there.

524
00:34:03,488 --> 00:34:04,648
So I want to bring up two points now.

525
00:34:04,648 --> 00:34:11,828
is one is I actually do know someone very close to me who did close down their industry or retail

526
00:34:11,828 --> 00:34:18,628
super fund. And then within a month, her husband got diagnosed with brain cancer. And so because

527
00:34:18,628 --> 00:34:27,508
he closed his super down, that came with some insurances. So they missed out on $300,000 to $500,000,

528
00:34:27,988 --> 00:34:33,908
which would have really helped them. So Sean's point of perhaps leaving that open. Now,

529
00:34:33,908 --> 00:34:39,128
the other option of course for people is you can shut that down and what what had happened Sean is

530
00:34:39,128 --> 00:34:44,208
they knew the insurance had gone but when they opened up their SMSF it was like you know and

531
00:34:44,208 --> 00:34:50,208
he's only very young I think it's like 30 32 or something right 30 odd years old well I will worry

532
00:34:50,208 --> 00:34:57,468
about the insurance later we'll get we'll get to that later okay so I want to just say the most

533
00:34:57,468 --> 00:35:02,248
important thing out of this conversation is definitely seek advice from someone who knows

534
00:35:02,248 --> 00:35:06,468
the setup who can give you the right advice because we are both not financial advisors

535
00:35:06,468 --> 00:35:11,708
and and make sure it's set up properly so you don't have something like that that happens to you

536
00:35:11,708 --> 00:35:16,168
and you can be looked after if and when and of course that's why you have insurance right it's

537
00:35:16,168 --> 00:35:20,188
the unexpected and of course this was totally unexpected just completely came out of the blue

538
00:35:20,188 --> 00:35:25,788
um so the other point i want to make too is though you also at the same token have to go

539
00:35:25,788 --> 00:35:30,328
with someone who you can trust and and this is so so important because we've just saw in recent

540
00:35:30,328 --> 00:35:37,948
we've just seen recently, Sean, that even financial advisors can steer you in the wrong direction,

541
00:35:38,148 --> 00:35:44,208
allocating your super to funds. For example, the two that just collapsed in Australia recently,

542
00:35:44,288 --> 00:35:50,688
where 12,000 people, it was over like a billion dollars, evaporated into thin air. Okay. Absolute

543
00:35:50,688 --> 00:35:56,168
tragic set of circumstance for people. There was even stories about guys who, you know, they're 65,

544
00:35:56,168 --> 00:35:57,708
They're literally retiring next week.

545
00:35:57,788 --> 00:36:00,248
They go to their fund account, gone, right?

546
00:36:00,348 --> 00:36:01,788
This guy had like over a million dollars

547
00:36:01,788 --> 00:36:03,628
and they're like ready for a decent retirement.

548
00:36:04,228 --> 00:36:07,328
So you've got to really have your wits about you

549
00:36:07,328 --> 00:36:10,588
and just, I guess, you know,

550
00:36:10,888 --> 00:36:13,728
maybe not necessarily listen to the financial advisor,

551
00:36:13,728 --> 00:36:15,628
like, you know, what is the ulterior motive here?

552
00:36:15,628 --> 00:36:18,108
And it turned out the ulterior motive was

553
00:36:18,108 --> 00:36:21,248
that we're getting kickbacks, right?

554
00:36:21,588 --> 00:36:23,708
Bitcoin doesn't provide kickbacks.

555
00:36:23,988 --> 00:36:26,048
No, Bitcoin provides personally,

556
00:36:26,168 --> 00:36:28,928
Like if you buy Bitcoin, you hold on to it for a long enough time,

557
00:36:29,128 --> 00:36:32,268
it's going to kick back a whole lot more life and time to you.

558
00:36:32,348 --> 00:36:33,608
That's the kickback that Bitcoin.

559
00:36:33,808 --> 00:36:38,068
But if you or I recommend it to someone, of course, right,

560
00:36:38,268 --> 00:36:41,868
it's not like the Bitcoin treasury is sending us some Bitcoin

561
00:36:41,868 --> 00:36:43,988
because we sold someone to Bitcoin.

562
00:36:44,308 --> 00:36:45,148
Yeah, that's right.

563
00:36:45,148 --> 00:36:51,308
And like I spent now $2,350 or more this year handing this book out

564
00:36:51,308 --> 00:36:53,428
and a couple of other Bitcoin books to people.

565
00:36:53,428 --> 00:36:55,208
I'm like, I believe in this so much.

566
00:36:55,268 --> 00:36:57,548
I spent my own money to be able to give it to you.

567
00:36:57,708 --> 00:37:02,028
If you read it within a week, I'll give you another $50 in Bitcoin just for reading.

568
00:37:02,128 --> 00:37:02,888
They're like, why?

569
00:37:03,128 --> 00:37:05,928
I'm like, so that you understand Bitcoin, you get Bitcoin.

570
00:37:06,028 --> 00:37:07,148
They're like, what's in it for you?

571
00:37:07,628 --> 00:37:08,688
I'm like, nothing.

572
00:37:09,148 --> 00:37:10,608
And they're like, no, what's in it for you?

573
00:37:10,668 --> 00:37:15,488
I'm like, the peace, the satisfaction that my friends and family and my community are

574
00:37:15,488 --> 00:37:16,148
not going to struggle.

575
00:37:16,248 --> 00:37:17,108
They're not going to be broke.

576
00:37:17,188 --> 00:37:18,828
They're not going to be subject to the tyranny.

577
00:37:19,148 --> 00:37:20,208
That's what's in it for me.

578
00:37:20,208 --> 00:37:24,368
They're like, no, like if I buy, is it going to pump your Bitcoin bag?

579
00:37:24,468 --> 00:37:26,528
It's like over a $2 trillion market cap.

580
00:37:26,708 --> 00:37:27,668
Like, come on, guys.

581
00:37:27,928 --> 00:37:31,528
Like, you know, like you buying a little bit, even if it's tens of millions of dollars,

582
00:37:31,908 --> 00:37:36,228
it's not going to do anything to my bag or your bag or anything like that.

583
00:37:36,348 --> 00:37:42,328
Like we're seeing, you know, people, one whale sold $12 billion over like a 30-day period,

584
00:37:42,428 --> 00:37:43,428
hardly moved the price.

585
00:37:43,568 --> 00:37:47,668
Michael Saylor will buy billions of dollars, I think $23 billion or whatever it was on

586
00:37:47,668 --> 00:37:48,128
the weekend.

587
00:37:48,248 --> 00:37:50,088
Price doesn't move or whatever.

588
00:37:50,208 --> 00:37:54,008
and then it's just those 11 days where there's just no supply

589
00:37:54,008 --> 00:37:55,508
and it's just bang to the upside.

590
00:37:56,388 --> 00:38:01,948
But there's really like the ulterior motive is it's nicer being around people

591
00:38:01,948 --> 00:38:05,948
that have time, energy, the capacity to be able to think

592
00:38:05,948 --> 00:38:10,208
and that comes down to having a bit of wealth behind you to whatever extent

593
00:38:10,208 --> 00:38:14,068
and that may be somebody starting out that's living paycheck to paycheck.

594
00:38:14,248 --> 00:38:17,168
They've got a month of savings that they can live off if something goes wrong

595
00:38:17,168 --> 00:38:19,908
and then it goes to like five weeks and six weeks

596
00:38:19,908 --> 00:38:23,628
and then it extends out to a quarter and then six months and then a year and then you get two

597
00:38:23,628 --> 00:38:28,248
years of runway or whatever and then you just realize that you've got the power to be able to

598
00:38:28,248 --> 00:38:34,368
say like no I don't want to do that fuck you like I quit or whatever you're having a bad day or you

599
00:38:34,368 --> 00:38:39,708
can't be coerced into anything which I think is pretty powerful but when you keep going deeper

600
00:38:39,708 --> 00:38:45,548
down the bitcoin rabbit hole and you start to see like digital ids and the tyranny central bank

601
00:38:45,548 --> 00:38:51,188
digital currencies, just even the attack of freedom of speech. That's what I believe in most

602
00:38:51,188 --> 00:38:57,148
of all is I might not agree with something somebody says, but I will respect them because

603
00:38:57,148 --> 00:39:02,248
they believe in their beliefs so much. I may not agree with their beliefs in the slightest or

604
00:39:02,248 --> 00:39:06,528
whatever, or I may agree with some things or another, but I respect them. The marches in

605
00:39:06,528 --> 00:39:11,388
Australia, both sides, I respect it. We live in a free country, supposedly. They should be able to

606
00:39:11,388 --> 00:39:16,168
do that it's just like the small minority of people in the front lines that cause the issues

607
00:39:16,168 --> 00:39:21,788
on the front like on the left or the right I think the majority of people are just wanting to get

608
00:39:21,788 --> 00:39:26,728
their emotions heard and the anger and the pain and everything like that all for it but when you're

609
00:39:26,728 --> 00:39:31,428
like this group can speak that group can't speak you're you're racist or you're right wing or left

610
00:39:31,428 --> 00:39:36,268
wing or whatever it is and they just try shut down one side of the conversation but not not both sides

611
00:39:36,268 --> 00:39:41,368
you're like, this is too much. What's going on? And you see all those things, digital IDs,

612
00:39:41,548 --> 00:39:45,988
CBDCs that we're mentioning, cost of living, the money printing that's getting harder and harder,

613
00:39:46,108 --> 00:39:52,748
just the wealth taxes. So then a lot of Bitcoiners start talking about plan B passports. And I've had

614
00:39:52,748 --> 00:39:58,408
Tony Yazbek on, I've got a plan B passport for somewhere. As well, it's not a tax haven,

615
00:39:58,508 --> 00:40:03,588
it's just sort of the next step if things were to really go wrong dramatically. But I love this

616
00:40:03,588 --> 00:40:08,348
country. It's amazing. Like I walk upstairs, we're looking out at the Great Barrier Reef. I don't

617
00:40:08,348 --> 00:40:14,908
want to leave that. Like I love it, but it's good to know, dude, so special. It's good to know that

618
00:40:14,908 --> 00:40:19,148
I do have that option. And something you said earlier is you're dematerializing your life.

619
00:40:19,148 --> 00:40:23,548
Like you've made a lot of money, serial entrepreneur, you've got all the cars, the real

620
00:40:23,548 --> 00:40:28,088
estate, commercial, residential, et cetera. But now you're in this process of dematerializing

621
00:40:28,088 --> 00:40:32,508
your wealth and you're looking at seriously looking to options for a plan B passport.

622
00:40:33,028 --> 00:40:35,148
How did I, I guess, first question,

623
00:40:35,228 --> 00:40:37,788
what the hell is dematerializing your life mean?

624
00:40:38,208 --> 00:40:40,988
And then how's that time with the plan B passport?

625
00:40:41,688 --> 00:40:44,188
I've coined the phrase dematerializing.

626
00:40:44,268 --> 00:40:45,808
Other people are starting to catch onto it now.

627
00:40:45,908 --> 00:40:46,408
I love it.

628
00:40:46,928 --> 00:40:50,168
And so what, I guess there's a couple of parts to this.

629
00:40:50,328 --> 00:40:53,888
One is that I think in Australia, Sean,

630
00:40:53,888 --> 00:40:57,448
we have this thing where you want to build wealth,

631
00:40:57,548 --> 00:40:59,248
you know, through business or what have you.

632
00:40:59,388 --> 00:41:01,108
You buy property and then if you,

633
00:41:01,108 --> 00:41:02,648
You know, I've done quite well in business.

634
00:41:02,888 --> 00:41:05,388
So you're like, oh, I'm going to go buy some cars.

635
00:41:05,528 --> 00:41:07,288
And one car leads to the next car.

636
00:41:07,348 --> 00:41:09,488
And then I've got, you know, like 10 cars, basically.

637
00:41:10,388 --> 00:41:13,988
And then you get to that and you think, actually, this is actually a bit of a pain.

638
00:41:14,608 --> 00:41:17,768
This is a real pain for me because now I've got all these insurances and I've got like

639
00:41:17,768 --> 00:41:19,488
10 lots of like servicing.

640
00:41:19,888 --> 00:41:21,528
So now it becomes time.

641
00:41:22,208 --> 00:41:26,268
And although it's fun to have these things, eventually you just want to get a bit sick

642
00:41:26,268 --> 00:41:26,548
of it.

643
00:41:27,228 --> 00:41:28,088
And it's not just me.

644
00:41:28,088 --> 00:41:31,608
I just spoke to a guy the other day, multi, multi, multi.

645
00:41:31,728 --> 00:41:36,568
This guy's got like a million dollars in watches, you know, like sitting in the cabinet, right?

646
00:41:37,108 --> 00:41:39,468
Four Harley Davidson bikes, okay?

647
00:41:39,988 --> 00:41:41,548
I was talking to this guy the other day.

648
00:41:41,648 --> 00:41:45,388
He's like, what you said the other day really resonated with me because I think I want to

649
00:41:45,388 --> 00:41:47,828
dematerialize as well, right?

650
00:41:48,008 --> 00:41:51,588
So this has become like a bit of a thing now that I've found and people are gravitating

651
00:41:51,588 --> 00:41:53,128
to me because I'm talking about it openly.

652
00:41:53,808 --> 00:41:55,288
So I'm getting rid of the cars.

653
00:41:55,288 --> 00:41:57,988
The cars are all gone, by the way, except for my two cars that I use daily cars.

654
00:41:58,088 --> 00:42:03,208
the car collection's gone my first commercial property's gone i've got two more commercial

655
00:42:03,208 --> 00:42:07,748
properties to go which i've got one settling in the 24th another one settling 30 days after that

656
00:42:07,748 --> 00:42:12,288
this in october i've then got another residential property go right so and there's that and then

657
00:42:12,288 --> 00:42:17,528
i've still got the house that i live in but most of those big things will start going and i'm putting

658
00:42:17,528 --> 00:42:22,148
the majority of that obviously got to pay off some mortgages and things like that but majority of

659
00:42:22,148 --> 00:42:36,592
that is then going to go back into into bitcoin right now i do a couple of things though not just like Bitcoin as in the pure Bitcoin but I also mine Bitcoin into pure Bitcoin So I do a few different things to continually have my flow coming in

660
00:42:37,192 --> 00:42:39,292
And I absolutely love Bitcoin mining as well.

661
00:42:39,772 --> 00:42:43,372
We have to talk about KYC free Bitcoin.

662
00:42:44,192 --> 00:42:45,472
Let's come back to that.

663
00:42:46,732 --> 00:42:47,992
It's almost a whole other episode.

664
00:42:48,792 --> 00:42:49,412
Let me wrap up.

665
00:42:49,412 --> 00:42:53,392
The last bit we'll touch on the KYC briefly, but keep going.

666
00:42:53,392 --> 00:42:58,412
I'm dematerializing to put more money into Bitcoin.

667
00:42:58,712 --> 00:43:00,452
And secondly, too, it's actually not,

668
00:43:00,852 --> 00:43:02,032
even if I think about the properties,

669
00:43:02,532 --> 00:43:04,712
it's the control that the government has

670
00:43:04,712 --> 00:43:06,752
over the properties as well, right?

671
00:43:06,892 --> 00:43:09,372
So when we talk about unrealized capital gains tax,

672
00:43:09,472 --> 00:43:10,912
if I just circle back to that for a second,

673
00:43:11,392 --> 00:43:12,952
there was a wake-up call from me,

674
00:43:12,992 --> 00:43:15,452
I'm like, shit, if they're going to come after super

675
00:43:15,452 --> 00:43:18,612
and that passes, why would they just not come after properties

676
00:43:18,612 --> 00:43:21,212
or just any other legal entity structure,

677
00:43:21,532 --> 00:43:22,992
trust, companies, et cetera, right?

678
00:43:22,992 --> 00:43:27,992
There'll be no reason for them to say, oh, well, we're just going to unrealize capital gains, all this other stuff now, because we're money hungry now.

679
00:43:28,032 --> 00:43:29,212
We've got no money of our own, right?

680
00:43:29,212 --> 00:43:31,892
Because we're spending money like drunken sailors.

681
00:43:32,492 --> 00:43:33,972
So I was like, you know, get rid of that.

682
00:43:34,572 --> 00:43:40,512
In residential property right now, if you personally hold residential property, you are considered evil, right?

683
00:43:40,512 --> 00:43:43,132
The commies and the socialists hate it, right?

684
00:43:43,212 --> 00:43:46,812
Because particularly if you've got investment properties, okay?

685
00:43:46,912 --> 00:43:48,192
So the government right now has either-

686
00:43:48,192 --> 00:43:48,832
Greedy landlords.

687
00:43:48,832 --> 00:43:54,652
rental cap, really landlords that have rental caps. Or if I don't want to have someone come in

688
00:43:54,652 --> 00:43:58,692
with like 10 dogs, I have to let them come in. I don't have the right now to say you can't come in

689
00:43:58,692 --> 00:44:02,952
with animals, right? Whether I like animals or not. So, and I do, I do love animals, but I don't

690
00:44:02,952 --> 00:44:07,732
have the right over my own property, right? And I don't like that kind of control. So that's another

691
00:44:07,732 --> 00:44:13,232
reason to get out of it. And the better asset to allocate to for all the attributes that you and I

692
00:44:13,232 --> 00:44:20,312
both know about Sean is Bitcoin, right? So I'm just dumping it. It also ties in with the plan B.

693
00:44:20,972 --> 00:44:27,912
So if I get to the point and I'm not 110% going, but I'm certainly, I'm meeting with visa agents.

694
00:44:27,912 --> 00:44:31,212
I'm looking at, you know, I'm talking to tax lawyers or I'm doing all the steps,

695
00:44:31,212 --> 00:44:35,732
but I'm leaving a sort of a caveat there. It's like, I don't have to go if I don't want to,

696
00:44:36,052 --> 00:44:38,752
right? Because of course you've got to bring your family along on this journey too.

697
00:44:39,572 --> 00:44:41,932
So I will get to the point where I'll have the plan B passport

698
00:44:41,932 --> 00:44:45,212
and all my assets will be dematerialized

699
00:44:45,212 --> 00:44:47,092
and then I can just go pretty much whenever I want.

700
00:44:47,192 --> 00:44:48,512
That's kind of where we're headed to.

701
00:44:48,612 --> 00:44:50,232
On that note, I just want to say to people,

702
00:44:51,092 --> 00:44:54,112
when people get, like you and I, we get orange-pilled.

703
00:44:54,632 --> 00:44:57,772
My wife wasn't orange-pilled at the same time as me.

704
00:44:58,412 --> 00:45:03,132
My wife is not also plan B-pilled the same time as me.

705
00:45:03,132 --> 00:45:06,432
So although I've got the higher conviction in the beginning,

706
00:45:07,032 --> 00:45:07,872
it takes time.

707
00:45:07,872 --> 00:45:11,152
I think people have to bring their partner along the journey as well.

708
00:45:11,212 --> 00:45:16,532
Because when I said to Paula one day, maybe I think we should allocate our super into Bitcoin,

709
00:45:16,852 --> 00:45:20,112
that wasn't the first day of me discovering Bitcoin.

710
00:45:20,932 --> 00:45:23,232
That was a journey to get to that point.

711
00:45:23,512 --> 00:45:29,432
In fact, there were people I'd met before discovering this who had told me that they had allocated their super to Bitcoin.

712
00:45:29,672 --> 00:45:32,632
And I remember thinking, these guys are crazy.

713
00:45:32,952 --> 00:45:34,512
This is what I was thinking.

714
00:45:34,592 --> 00:45:36,092
I'm like, man, you should be diversifying.

715
00:45:36,092 --> 00:45:37,032
This is what I had in my head.

716
00:45:37,032 --> 00:45:37,872
You don't diversify.

717
00:45:38,552 --> 00:45:40,672
But, of course, once you read the books, you do the homework,

718
00:45:40,812 --> 00:45:43,752
just like you talk about Sean, you then understand why.

719
00:45:44,732 --> 00:45:44,892
Yeah.

720
00:45:45,472 --> 00:45:50,612
And I think if people, say, start with the big print by Lawrence Lippard,

721
00:45:50,692 --> 00:45:53,172
they follow it up with Parallel by Brian Zemans

722
00:45:53,172 --> 00:45:55,132
and then maybe like the Bitcoin Standard,

723
00:45:55,852 --> 00:45:59,712
that's, I would say, 50 hours of reading material there.

724
00:45:59,892 --> 00:46:03,612
I think that would give someone like 150 to 200 hours

725
00:46:03,612 --> 00:46:06,432
of concentrated knowledge that's been dispensed

726
00:46:06,432 --> 00:46:12,492
and then if you can put in a couple of like key podcasts like um the video by joe what's the

727
00:46:12,492 --> 00:46:19,052
problem etc it takes a thousand hours i think before you start to get to this like really

728
00:46:19,052 --> 00:46:24,072
orange pill 100 hours lights go off i think you can do that now with the big print third and a

729
00:46:24,072 --> 00:46:28,352
half hour read you've got that 100 hours of knowledge and then you get to 200 but once you

730
00:46:28,352 --> 00:46:33,632
get to a thousand it's just being very selective with what you're doing because it comes back to

731
00:46:33,632 --> 00:46:38,112
this conversation of like signal verse noise there is so much information and stuff out there now

732
00:46:38,112 --> 00:46:43,292
or you may start with the bitcoin standard but i've handed that book to so many people matthew

733
00:46:43,292 --> 00:46:48,412
and they like give it back to me like this and like it's too much man i'm like oh like i'll go

734
00:46:48,412 --> 00:46:53,292
to beers for bitcoin or whatever and i've found the most success with the big print um it's had

735
00:46:53,292 --> 00:46:58,952
the biggest impact orange peeling my wife which took like many years later as well yeah let me

736
00:46:58,952 --> 00:47:00,012
Let's throw another book at you, Sean.

737
00:47:00,232 --> 00:47:02,252
Can I throw another one in there for the audience?

738
00:47:02,472 --> 00:47:04,632
Brian DeMint's Bitcoin Evangelism.

739
00:47:05,212 --> 00:47:07,412
Well, parallels his second book.

740
00:47:07,892 --> 00:47:13,892
I know, but I think the Bitcoin Evangelism is a bit more palatable

741
00:47:13,892 --> 00:47:16,892
rather than sometimes the Bitcoin standard, right?

742
00:47:16,892 --> 00:47:21,272
Because he kind of tells it in a story format in a way of how he discovered it.

743
00:47:21,272 --> 00:47:23,772
So I think that is also a good one for audiences as well.

744
00:47:24,492 --> 00:47:27,072
Yeah, maybe just not as academic.

745
00:47:27,692 --> 00:47:30,992
I think if you're like academically trained or academically minded,

746
00:47:31,092 --> 00:47:33,592
or you're like really deep into the financial system already,

747
00:47:33,692 --> 00:47:36,272
but willing to see a different view, the Bitcoin standard.

748
00:47:36,592 --> 00:47:39,292
And I think the Bitcoin standard is an essential reading book.

749
00:47:39,352 --> 00:47:40,992
I just don't think it's the first book.

750
00:47:41,052 --> 00:47:44,032
I'd put it sort of like three to five on the reading list.

751
00:47:44,152 --> 00:47:45,712
As a reader, just out of curiosity,

752
00:47:45,892 --> 00:47:48,012
have you read Eric Kaysen's Crypto Sovereignty?

753
00:47:48,412 --> 00:47:49,352
Oh, geez, you know what?

754
00:47:49,352 --> 00:47:51,892
I have a stack of books like literally behind my back.

755
00:47:52,112 --> 00:47:55,872
I went book crazy and I started, I've got to get this book.

756
00:47:55,872 --> 00:47:57,972
I went through all of Michael Saylor's Hope website

757
00:47:57,972 --> 00:48:00,712
and any book that he had on there, I was like, just buy, buy, buy, buy, buy.

758
00:48:01,292 --> 00:48:03,972
And I just haven't got to the stack.

759
00:48:04,152 --> 00:48:04,312
You know what I mean?

760
00:48:04,372 --> 00:48:05,812
Like there's such a huge stack there.

761
00:48:06,112 --> 00:48:06,972
But I've got them.

762
00:48:07,992 --> 00:48:10,772
I've definitely read the Bitcoin Standard, right,

763
00:48:10,912 --> 00:48:12,832
which is essential reading for anybody.

764
00:48:13,292 --> 00:48:14,192
But I don't know about that one.

765
00:48:15,052 --> 00:48:15,232
Yeah.

766
00:48:16,012 --> 00:48:20,372
It's like I tell people I need to read at least five Bitcoin books first

767
00:48:20,372 --> 00:48:23,612
because Eric Kaysen is just an amazing individual,

768
00:48:23,612 --> 00:48:29,772
crypto anarchist phenomenal but for a new person it'd scare them away but i think you'd love it

769
00:48:29,772 --> 00:48:35,712
it's intense um it's real but it's highly enjoyable so i just want to spend like a couple

770
00:48:35,712 --> 00:48:41,252
of minutes talking about kyc free bitcoin like literally like three to five i think we are going

771
00:48:41,252 --> 00:48:46,552
to have to do a whole podcast strictly on it because it's such a big um topic but you are

772
00:48:46,552 --> 00:48:53,032
an advocate uh for mining mining bitcoin i want you to talk about two things like how do you get

773
00:48:53,032 --> 00:48:56,792
KYC free Bitcoin, but also what are the costs?

774
00:48:56,872 --> 00:49:00,652
Because you can't, like if you just put $100,000 into Bitcoin,

775
00:49:00,872 --> 00:49:02,572
then it's $100,000 of Bitcoin.

776
00:49:02,692 --> 00:49:07,172
If you put $100,000 into miners, it's going to spit Bitcoin out over time.

777
00:49:07,172 --> 00:49:09,952
But like really you need to be able to pay those miners off as well.

778
00:49:09,952 --> 00:49:12,372
And then they need to be upgraded in a few years and stuff.

779
00:49:12,472 --> 00:49:13,392
So there are costs.

780
00:49:14,152 --> 00:49:17,412
Yeah, Sean, people should not tune out now.

781
00:49:17,532 --> 00:49:19,492
They need to stay tuned into this.

782
00:49:19,492 --> 00:49:25,472
this is going to be just gold dropping, just bombs everywhere in the next two minutes, right?

783
00:49:25,592 --> 00:49:30,172
Because people are going to be thinking, how the fuck do I get more Bitcoin? And the thing is,

784
00:49:30,232 --> 00:49:33,972
what people want is they want sovereignty and they want privacy when they're getting Bitcoin

785
00:49:33,972 --> 00:49:40,392
particularly. It just turns out that when you buy a Bitcoin mining machine, the banks don't

786
00:49:40,392 --> 00:49:45,152
have any scrutiny on it. AUSTRAC doesn't have any scrutiny on it. ATO doesn't have any scrutiny on it.

787
00:49:45,152 --> 00:49:47,572
You are literally buying computers.

788
00:49:48,352 --> 00:49:49,092
That's what you're buying.

789
00:49:49,632 --> 00:49:56,912
And the big issue that we kind of haven't touched on yet is trying to get funds from your bank into, let's say, an exchange, right?

790
00:49:56,992 --> 00:50:00,032
Which is a not, but you've just had, you've just been debanked, as you said before, right?

791
00:50:00,452 --> 00:50:00,792
Twice.

792
00:50:01,372 --> 00:50:01,752
This week.

793
00:50:02,712 --> 00:50:03,632
It's shocking.

794
00:50:03,712 --> 00:50:04,412
We'll have to talk about that later.

795
00:50:05,032 --> 00:50:12,612
But if you can transfer like a hundred grand over to a Bitcoin mining place, and I use the mining store based out of Melbourne, right?

796
00:50:12,612 --> 00:50:13,852
They're an Australian company.

797
00:50:13,852 --> 00:50:18,812
they're the best in the business. I can just transfer $100,000 to the mining store.

798
00:50:18,952 --> 00:50:23,812
They allocate it to Bitcoin mining machines and it's done. I don't have any blockages. No one's

799
00:50:23,812 --> 00:50:28,832
debanking me. And there's no reporting on it. There's no KYC. So people have to understand that

800
00:50:28,832 --> 00:50:34,832
when you go to like a bank, when you go set up an exchange, mostly, particularly in Australia,

801
00:50:34,832 --> 00:50:39,012
you'll have to do a KYC. KYC is know your customer. You have to give up all your ID.

802
00:50:39,152 --> 00:50:42,992
They know who you are. Right now, some people might be happy with that. But if you're just

803
00:50:42,992 --> 00:50:48,512
someone who wants to get non-KYC Bitcoin mining is it. The second thing to think about is it's also

804
00:50:48,512 --> 00:50:54,192
virgin Bitcoin, right? It hasn't been through 10,000 other hands through the blockchain, okay?

805
00:50:54,212 --> 00:50:58,472
So when you're receiving the Bitcoin, it's like the first bit, okay? So it's not, I don't know how

806
00:50:58,472 --> 00:51:02,092
you would describe it, Sean. It's not been stamped many, many times with other people's fingerprints,

807
00:51:02,592 --> 00:51:07,152
right? You're receiving the Bitcoin. And you're also getting Bitcoin cheaper than what you would

808
00:51:07,152 --> 00:51:10,512
get it through an exchange. Because of course, the exchange is the businesses. They need to put a

809
00:51:10,512 --> 00:51:13,852
a margin and a premium on the purchase themselves, right?

810
00:51:13,952 --> 00:51:15,232
So you're getting it direct.

811
00:51:16,192 --> 00:51:19,372
That's just a few of the attributes of the reason I love.

812
00:51:19,472 --> 00:51:23,112
And of course, I just love the fact that I'm a part of the network, right?

813
00:51:23,372 --> 00:51:25,272
The Bitcoin mining is a part of the network.

814
00:51:25,272 --> 00:51:26,472
I'm supporting the network.

815
00:51:26,992 --> 00:51:31,152
Now, as far as stacking goes, yes, there are some costs you've got to think about.

816
00:51:31,732 --> 00:51:33,312
You've got to obviously buy the machines.

817
00:51:33,732 --> 00:51:36,152
You've got to also pay for electricity ongoing.

818
00:51:36,752 --> 00:51:38,632
Now, I don't really care though.

819
00:51:38,632 --> 00:51:40,992
because of the reasons of buying it.

820
00:51:41,232 --> 00:51:45,632
Virgin, non-KYC, and stacking it in my own sovereign wallet.

821
00:51:46,072 --> 00:51:48,672
So there's some of the things, Sean, right, without going too, too deep.

822
00:51:49,332 --> 00:51:52,592
Yeah, I think we need to do a whole other podcast, Matthew, on it.

823
00:51:52,592 --> 00:51:56,272
But for everyone, I've linked Matthew's YouTube channel below.

824
00:51:56,512 --> 00:51:58,972
Like you absolutely must subscribe.

825
00:51:59,212 --> 00:52:00,892
Highly recommended, highly endorsed.

826
00:52:01,472 --> 00:52:04,172
And then Matt goes into it a lot, and with Adam Hudson,

827
00:52:04,292 --> 00:52:05,832
you went into it a bit deeper as well.

828
00:52:05,952 --> 00:52:07,732
I love that episode with you too.

829
00:52:07,732 --> 00:52:11,572
I loved it how I saw the episode with you and him on his channel.

830
00:52:11,752 --> 00:52:14,612
And then there's you and him.

831
00:52:14,792 --> 00:52:14,952
Yeah.

832
00:52:15,412 --> 00:52:16,772
We should do a swapsie.

833
00:52:16,912 --> 00:52:17,852
We should do a swapsie.

834
00:52:17,932 --> 00:52:18,352
You come on,

835
00:52:18,452 --> 00:52:19,592
come on the crypto collective.

836
00:52:20,052 --> 00:52:21,492
We'll we'll do that.

837
00:52:21,552 --> 00:52:23,932
It won't be straight after this one today though,

838
00:52:24,052 --> 00:52:27,352
but it's been a hectic day.

839
00:52:27,392 --> 00:52:27,972
It's crazy.

840
00:52:27,972 --> 00:52:30,072
It's been a hectic week with the banks and everything,

841
00:52:30,352 --> 00:52:31,732
but we'll save that for another time,

842
00:52:31,832 --> 00:52:34,412
but I'm just going to hand over the microphone.

843
00:52:34,612 --> 00:52:35,492
The floor is yours.

844
00:52:35,492 --> 00:52:41,172
take a moment or two to whatever's top of mind, whatever you're the most passionate about or could

845
00:52:41,172 --> 00:52:45,632
be the most impactful for someone new to Bitcoin or new on their wealth acquiring journey or that's

846
00:52:45,632 --> 00:52:51,052
been here for a long time. Whatever it is, whatever message, burning desire you want to get across,

847
00:52:51,152 --> 00:52:55,632
it's all yours. Sean, well, thank you so much. There's so much I could really say. The first

848
00:52:55,632 --> 00:53:03,532
thing I think is that people shouldn't look up to me as the be on end or as the voice of Bitcoin.

849
00:53:04,012 --> 00:53:08,452
What I find is that I'm just on the journey just like everybody else, right?

850
00:53:08,492 --> 00:53:10,412
I might know a little bit more than some people.

851
00:53:11,092 --> 00:53:16,032
And what I also love about Bitcoin is I'm learning about Bitcoin every single day.

852
00:53:16,092 --> 00:53:20,352
There's something new that comes up that I'm thinking, I didn't know I could lend against Bitcoin.

853
00:53:20,512 --> 00:53:22,092
I didn't know I could do this with Bitcoin.

854
00:53:22,472 --> 00:53:23,892
And I think that's what's so powerful.

855
00:53:23,892 --> 00:53:28,052
So I think people should just come in and just think, if they're thinking, oh, I don't know about Bitcoin.

856
00:53:28,252 --> 00:53:29,652
We've all started at the beginning.

857
00:53:29,652 --> 00:53:37,032
I was actually someone, Sean, who was opposed to Bitcoin, like avidly opposed to Bitcoin in the last decade because I didn't understand it.

858
00:53:37,112 --> 00:53:39,672
I hadn't done the research. I hadn't put in the work.

859
00:53:40,252 --> 00:53:47,372
So I think people just need to go on their own journey and also understand that we are still early in the cycle of Bitcoin.

860
00:53:47,632 --> 00:53:53,972
Bitcoin is going to be running, being mined, let's say, if we go back to mining, up until the year 2140.

861
00:53:54,452 --> 00:53:58,112
So there is a long runway of Bitcoin.

862
00:53:58,112 --> 00:54:06,412
And I think in 10 years time, in five years time, people will look back to the people that bought in 2025 and say, wow, you guys, you were pioneers.

863
00:54:06,732 --> 00:54:10,072
How did you have the foresight to buy Bitcoin in 2025?

864
00:54:10,752 --> 00:54:13,292
So I think there's never a late time to allocate.

865
00:54:13,812 --> 00:54:21,052
I also want to say that I really do think that the window is closing for people who want to allocate in Australia.

866
00:54:21,052 --> 00:54:25,972
It's very, very difficult right now because the banks are basically against it.

867
00:54:26,312 --> 00:54:28,012
Now, you can still do it, right?

868
00:54:28,052 --> 00:54:28,912
There are options.

869
00:54:29,292 --> 00:54:33,992
That's why they should join and listen to people like yourself, Sean, because you've got some insight into different things.

870
00:54:34,352 --> 00:54:38,892
My community, I've got a lot of insight into how do we move money from a bank to exchanges?

871
00:54:39,372 --> 00:54:42,292
What are the things that we can do to make sure it gets across, right?

872
00:54:42,292 --> 00:54:45,092
There's many different sort of options that are behind the scenes, I guess.

873
00:54:45,272 --> 00:54:46,772
It can be a little bit more complicated.

874
00:54:46,772 --> 00:54:48,512
That's why you have to have a step-by-step.

875
00:54:48,972 --> 00:54:52,852
But people can do it, and they really just need to take the first step.

876
00:54:52,852 --> 00:54:56,392
I always say to people, Sean, just start with like $100.

877
00:54:57,152 --> 00:54:58,952
Don't overcomplicate this, right?

878
00:54:58,972 --> 00:55:00,312
Because I think a lot of people come in thinking,

879
00:55:00,952 --> 00:55:03,992
oh, I've got, you know, he's talking about putting all my superannuation in there.

880
00:55:04,152 --> 00:55:04,612
Oh, it's too complicated.

881
00:55:04,892 --> 00:55:07,772
No, start with setting up an exchange.

882
00:55:08,152 --> 00:55:09,672
I advocate for CoinStash.

883
00:55:10,472 --> 00:55:12,612
Personally, I think they're the number one exchange in Australia.

884
00:55:12,792 --> 00:55:14,312
They're certainly for SMSF they are.

885
00:55:14,432 --> 00:55:20,392
So you set up a CoinStash account, you send over $100 and you just start there.

886
00:55:20,392 --> 00:55:25,852
You learn the processes, the systems, and then you'll head off into the stratosphere after that,

887
00:55:25,932 --> 00:55:30,052
certainly with your knowledge and understanding. And you'll probably end up in a position just like

888
00:55:30,052 --> 00:55:34,412
me where you just start selling everything around the house, right? If it's not cars and properties,

889
00:55:34,472 --> 00:55:38,232
it's going to be the exercise bike and the jet ski that you don't drive anymore.

890
00:55:38,252 --> 00:55:41,712
I think that's a good place to be able to end it there. But I'm going to put

891
00:55:41,712 --> 00:55:47,232
the link to Matthew's free community in the description below, as well as his YouTube,

892
00:55:47,232 --> 00:55:51,772
social medias and stuff. And I'm definitely, if you're interested in KYC Free Bitcoin,

893
00:55:51,952 --> 00:55:57,652
check out some of the specific videos that Matthew has done on mining Bitcoin, because it is

894
00:55:57,652 --> 00:56:04,612
something that I'm very interested in and I want to learn more about as well. I absolutely appreciate

895
00:56:04,612 --> 00:56:09,992
your time. It's fascinating. I love the signal that you're getting out there and tuning into

896
00:56:09,992 --> 00:56:15,512
your podcast. Thanks, Sean. Mate, I absolutely think you're a legend in this space. It's been

897
00:56:15,512 --> 00:56:17,792
an absolute honor to be on your channel.

898
00:56:17,872 --> 00:56:19,392
And I look forward to seeing you in person,

899
00:56:19,512 --> 00:56:21,012
maybe in November at the CryptoCon.

900
00:56:21,192 --> 00:56:24,532
I will not be traveling for Bitcoin this year.

901
00:56:24,892 --> 00:56:25,952
No, not this year.

902
00:56:26,232 --> 00:56:27,392
It's just I've traveled.

903
00:56:27,392 --> 00:56:28,752
Maybe we can meet up in person some other time.

904
00:56:29,532 --> 00:56:31,672
Yeah, maybe at Christmas actually,

905
00:56:31,752 --> 00:56:33,432
but we'll talk after we get off here.

906
00:56:33,572 --> 00:56:35,212
For everyone out there,

907
00:56:35,292 --> 00:56:36,972
please do something nice for yourself today

908
00:56:36,972 --> 00:56:38,032
for somebody else out there.

909
00:56:38,172 --> 00:56:38,692
Be blessed.

910
00:56:39,072 --> 00:56:39,292
Peace.