Confronting Dave Ramsey About Bitcoin, Dividends, and Real Estate

[@AndreiJikh]

Watch the full 1 hour 20 minute video here: kzbin.info/www/bejne/boHcnWp4ea6Lp7c

[@NWforager]

Sir Ramsey is a National Treasure ⚔

[@VirtousStoic]

No thanks dude is a clown. But ty for bringing us diff content. Can't hate you hustling hard and happy yoy met a famous person. Not trolling. He's good for layman people, and sure they can benefit from him. But I hate his arrogance and confirmation bias. He makes claims that are out there and his viewers don't know better so they just ear it up

[@darryljones8994]

Again an amazing and interesting piece, you continue to hold my interest and provide compelling content. Please keep up the great work

[@yesnohello-mq3xh]

No thank you

[@blackopsjoker]

lol Andrei I could tell you were a bit scared asking questions on crypto

[@garygmt]

When the cameras turned off… Dave: So Andrei, about that one Bitcoin.

[@ralphmedina3437]

😅

[@cjs2020th]

😂😂😂

[@AndreiJikh]

HA! Dave is Dave, he didn't want any Bitcoin. But he never offered me any of his real estate :(

[@garygmt]

@@AndreiJikh lol I bet not! I was relieved to hear him at least explain his dislike for Bitcoin in a rational manner in this video. On his show he just goes into these senseless tirades anytime someone mentions it. I had to stop listening because of it.

[@Wurdswurth]

One bitcoin to Dave Ramsey is like putting one sprinkle on a cupcake. It won’t increase his net worth much.

[@oneowenation23]

You are very respectful and humble. You also represented us Bitcoiners well with your respectful questions and beneficial input. I very much enjoyed this interaction.

[@AndreiJikh]

I appreciate that!

[@jameseastwood4984]

100%

[@Jericho9696]

A lot of people are commenting here without watching the video. You’re not supposed to agree with everything everyone says, but this dude has been teaching common sense in finances for decades. Mad respect for the interview

[@paulclinton6414]

If I listened to him, I'd be killing myself to exist within the matrix. I went outside the matrix and learned digital assets and spedrun the process.

[@Jericho9696]

@@paulclinton6414 and how’s that working out for you? You got one whole Bitcoin now?

[@penguingobrrbrr353]

@@paulclinton6414 what if there is no matrix and people are blindly believeing something ?

[@fred6907]

The way he talks about Bitcoin as a short term speculative asset is just plain wrong. 15 years of price history says otherwise. He confuses the term "bitcoin" and "crypto", like most people do. Most crypto is short term gambling, Bitcoin is not. There is no other asset on earth that has a better ROI than Bitcoin. He thinks it's a bubble. The timing of that comment couldn't be at a worse time, seeing as all the major institutions are getting onboard. If BlackRock and Fidelty are in on it, you KNOW where things are going. Then you have all the banks, hedgefunds...even nations. It's like claiming internet will be a fad, back in the 90's. The price isn't gonna stop at 60-70k, it's going into the millions. Sure property is a "safe" bet, but it's gonna take a long time to reap the benefits.

[@penguingobrrbrr353]

@@fred6907 if that was the case why no real millionaires are selling their physical assets such as properties,gold,cash etc for bitcoin and just hold for like 20 years and are 10+M ? there is a catch lol.

[@GH-bz2vl]

Dave is a wise guy but he’s definitely locked in his ways and mindset. I would love to see him and Michael Saylor have a chat.

[@syfodias-jedimaster]

Would be waste a time on both ends. Can lead horse to water but cant make em drink it

[@SatoshiHODL]

Yeah, Dave isn’t on that level. You don’t step in the ring with the champ because you think you can fight. They’re both behemoths in their worlds, and set in their ways so deep that neither could land a crippling blow to the other. I think Anthony Pompliano, Chamath Palihapitiya, or even Greg Foss are more on Dave’s Bitcoin debate level.

[@syfodias-jedimaster]

@@SatoshiHODL i don't think either wanted to debate. Andrei just wanted to touch bases maybe get a little feedback is all

[@Bitcoin_Nick]

THIS would be good

[@syfodias-jedimaster]

@@fivexx5183 u are over 60?

[@c90FTW]

“Mathematically wages haven’t kept up with house prices so mathematically it wasn’t easier.” Wouldn’t that mean that average wages in relation to home prices were higher in the past than now? So mathematically, yes, it was easier previously.

[@amrelrayes1136]

No, because now mortgages are easier and more available and affordable than before.

[@thisguy1920]

Yes cause all the they do now is give you credit you can’t afford instead of you having most the money first.

[@brykit1972]

Dave did acknowledge that. It’s kinda hard not to. So it’s like saying the sky is blue.

[@susanlippy1009]

To an extent. Like he pointed out before the 50's and all the government loan programs you had to come to the table with piles of cash, most could not do that. The higher cost is balanced by easy loans. It's never been "easy" to own a home. It's always been a sacrifice. The current housing market tho does suck. Best hope interest rates don't go up to 18% like they once were. Homes are still selling even at these inflated prices. Let's not pretend that the average home hasn't changed as well. 925sqft was once a family home. Now no one wants a house that size. Homes didn't have expensive heating and cooling systems. Expensive appliances and all the extras you get now. Expectations of home have grown massively. That's reflected in your cost. If you go look at homes that would compare to those days it's not the same picture as you have. Lower your expectations and home becomes more affordable.

[@daw7773]

Dave was totally wrong with his comment that it was not easier to buy a house in the past(e.g. 1970’s). The average US salary rose with the cost of living until the late 1980’s. The US dollar lost 90 % of its value since the 1970’s, Nixon eliminated the “gold backed” dollar in 1971.

[@beerkegaard]

There’s NO WAY Dave Ramsey read the Bitcoin whitepaper 😂😂😂😂

[@SamJones1337]

What's important is he said it wouldn't matter to him because he doesn't buy those kind of investments, so just take him at his word and accept that Dave has found success with his formula and so he will stick to his formula. At the same time it's extremely likely that Bitcoin will beat his mutual fund over the rest of his life.

[@gabrielgonzalez6456]

@@SamJones1337this is hard to assume if he lives another 20-25 years. Bitcoin or any other cryptocurrencies value is gauged by its technology of blockchain. Confidence is key in bitcoin, to store bitcoin need to have either a third party like Coinbase or a physical wallet in a drive. Third party company might give you confidence to a certain extent and physical wallet is like having gold/money under a mattress. Nvidia has gained more value cause of bitcoin mining, AI, etc. I would have more trust in a company producing value by a product or service then on a commodity being a source of holding on to for its scarcity. Bitcoin is a hedge against inflation, just like any commodity. Your assumption is that more people then what is current will have confidence in it despite it’s inefficiencies, especially in country like the US wanting to go green on the political landscape.

[@flowbrandz316]

​@@SamJones1337 This is a brainless response. Dave just lied saying he has read the White paper. He clearly hasn't. He clearly doesn't understand how it works. The guys has "wisdom" based on arrogance and platitudes. He makes an appeal to history and then hand-waves away gold despite it's 5000 year history as a store of value.

[@talk2thoran]

@@SamJones1337 If he didn't, then why lie about it though? If he did, then he doesn't get it.

[@mindrelax417]

Right answer would be " listen, I just don't understand crypto "

[@DEM78976]

Basically comparing BTC to gold, he's getting there!! Good job trying to educate him, Andrei. He's a tough nut to crack.

[@AndreiJikh]

Thank you! I think Dave's awesome, I have no doubt he will remain a billionaire even if he's wrong on Bitcoin

[@FJX716]

“Trying to educate him”. He made a reasonable explanation that left Andrei speechless. The crypto community is the group that needs education.

[@DEM78976]

@@FJX716 I don't want to speak for Andrei, but I think he was being respectful to someone he looks up to. Spend some time learning about how broken our financial system is and how Bitcoin solves many of our macro and micro issues before forming an opinion that comes off as ignorant.

[@Willis-de5hx]

200m dollars I think he's allowed to be stubborn lol andrie ain't touching that wealth

[@paulclinton6414]

​@@FJX716I am retiring to a tropical island with millions decades before you will.

[@3Dimensional3]

I'll take the BTC

[@Socalarborist]

Thought you said BBC! 😂😂😮😮

[@benitotorres8757]

@@SocalarboristLMAO 😂😂😂😂

[@TampaMadman]

Send it haha! How about we do this! Take the BTC and put it in a time capsule! That way we can watch you dig it up when it’s worth millions 💪

[@alandfaraway552]

Yea hey Andre I'll take a BTC please 🙏 or half of one.

[@adamcraig1468]

I own no btc but am all in on alts

[@THEENERGYINHALER]

IM SO GLAD I DIDNT LISTEN TO DAVE ABOUT CRYPTO!!!

[@martinlutherkingjr.5582]

Basically he won’t buy Bitcoin because he wants to speculate that the past will repeat itself for assets that have been around for a long time.

[@Loremips9966]

Exactly

[@Loremips9966]

@HC-sb1ru he needs it without understanding why. You as well. Plus given your argument, if he doesn t need it because he has so much money, why would he worry about 70k

[@roninlyons7533]

Despite bitcoin being the highest returning asset of the last decade…

[@brianmacleod4649]

Appreciate you pushing the Bitcoin conversation Andrei. Keep up the dope content.

[@mikes-wv3em]

GOTTA PUMP THE CRAPTO IF YOURE GONNA DUMP THE CRAPTO.

[@fmoreira2727]

Really really appreciate your stance of having a conversation with someone you don’t fully agree with. It’s refreshing to see someone breaking the bubble of their own ideas! Please keep it up!

[@sleepymeow7156]

I think what Ramsey was trying to say is a common phrase in the crypto world, "Never Invest More than You Can Afford to Lose"

[@henrytep8884]

that's a common phrase before crypto.... yall crypto ppl be thinking way too highly of yourself. Straight up Benjamin Graham probably used that line, JP Morgan used that line.

[@oldscratch3535]

​@@henrytep8884He didn't say crypto invented the phrase. Learn how to read.

[@brykit1972]

You do hear that phrase in crypto all the time. We’re AWARE that it’s speculative! The fact that some ape in with the money from their HELOC doesn’t negate that fact.

[@henrytep8884]

@@oldscratch3535 I did read it correctly, when did I say that crypto made that phrase? Maybe you should read my line again, since you don’t know how to read, it’s a common investment phrase, why do crypto think this is some unique statement from the crypto world when this line been around for a long time? This is just stolen valor at this point, again crypto got nothing original to say and trying to get credit for things they didn’t make.

[@cjs2020th]

Doh !!🙄

[@nightbotmike2388]

8:40 FINALLY!!! This has been my biggest gripe with the "S&P has averaged 11.7% since inception" statement. Thank you for finally saying what we were and still are all thinking. The market is going to do what the market does, which is fluctuate! An average of 11.7% includes years of 20-30% growth and years of 10-20% declines. I think the biggest argument people make is that 10% withdrawal rate is not CONSERVATIVE ENOUGH. If you withdraw too much during a down year, you may never recover from it fully. That is the point that I think Dave has missed in the past. People want to be conservative so that they don't withdraw too much of their balance at once and hurt their future earnings.

[@QwertyDB]

Isnt that logical 🫠? 1 phrase in google or chat gpt how the historie of s&p has been in the good years and bad years and the average of it and you have you’re answer , same with the best way to go with withdrawal in those years etc

[@my2sats260]

“Oh sure, I’ve read the whitepaper and all that stuff…”🤣🤡🤣

[@FluffyNuggets369]

I bet if he got in at $1/coin, he would sing a different tune.

[@WeiFinder]

@@FluffyNuggets369 That's the entire point, he wouldn't have gotten into Bitcoin, because it's against his thesis. Thus, his thesis prevented him from taking part in the best performing asset of all time, and then he tells the little guys to invest in underperforming assets that will never compete with cryptos growth rates.

[@robbetts]

I laughed at that too.

[@kerrykingcreates]

I doubt he knows with the white paper is

[@my2sats260]

@@kerrykingcreates 💯

[@DanielGonzales-di6tq]

As long as the government keeps allowing and asking the central banks to print money, Bitcoiners are gonna keep putting money into Bitcoin because it serves as a protection from debasement.

[@brykit1972]

That’s why listening to Dave about Bitcoin is dangerous.

[@FJX716]

But what does every person who owns BTC do with it in the end? Are they using it like currency? No, they are converting it to cash. Cash will always have value over data. There’s no reason to own BTC if it’s not accepted as a form of payment.

[@DanielGonzales-di6tq]

I’ve also bought a couple of shirts and other products from vendors who accept Bitcoin as payment

[@td0713]

⁠@@FJX716 Many exchanges now allow bitcoin as payment. I see no reason why using bitcoin as an alternative currency wouldn’t be any option.

[@nathanwadsworth79]

@@FJX716is gold used like currency? It’s digital gold.

[@ZidaneSteiner]

I love to see him soften his stance on Bitcoin. Now its 'just not for him" lol.

[@danielmuller7133]

You don't listen well. It is not for those with debt... And its the last "asset class" to invest in because you can speculate and afford to loose that money.

[@darthbrooks4933]

@@danielmuller7133there is no “losing” money in btc, it’s just how long are you willing to wait. It has outperformed every asset in human history, you’re being willfully ignorant now.

[@darthbrooks4933]

@@danielmuller7133also, you don’t have to put quotations around asset class, it’s an actual commodity, as ruled on by the SEC. Maybe try and keep up?

[@ct158]

I just hope he lives to see it hit highs around 10 million mark or even higher who really knows. Every day Bitcoin is bought and it’s lost forever and there no more being made. Everyone is like what about the “Quantum” computers that will steal it all. PEOPLE if they can make a computer to crack every Bitcoin wallet code say goodbye to your bank account and honestly the world. Your bank account will be so easy to take over it’s not even funny

[@purpleheadali]

All the blackrock PhD mathematicians are making a guess with their calculators.

[@infinitenothingness]

[19:55] on the date of this interview (May 10, 2024) 1 BTC 🪙 was worth about $60K. Today (January 2025) 1 BTC 🪙 is worth over $100K. Do the math, folks.

[@dustinhensley7995]

The people who are long term investors of Bitcoin are the ones who actually know what they are talking about

[@amireallythatgrumpy6508]

The number of people who "actually know what they're talking about" is exactly zero.

[@mikerinaldi7170]

​@@amireallythatgrumpy6508 zero? Meaning?

[@talk2thoran]

@@amireallythatgrumpy6508 Why are you commenting then?

[@robbetts]

Typically that’s true but an even easier way to tell the real investors from the get rich quick crowd is how focused or dismissive of they are of “shitcoins”.

[@joshstieneker4615]

Nothing is certain, but I would put Bitcoin's chances of producing huge long term returns at 90% probability. A random number I know, but you get the point lol

[@WhatIsThis-zq4hk]

"You also can't afford to live in Tokyo" Actually Tokyo an incredibly affordable city for it's size due to the extremely loose zoning laws that allow massive amounts of housing to be built of all shapes and sizes. It is unthinkable for a low wage restaurant worker in NYC to have their own studio apartment, but that is actually quite common in Tokyo. On top of that, the public transit in Tokyo is world-class so you don't need a car, which is more savings.

[@bluesdog88]

Bitcoin is technology, call it a guess if you want but it's the best performing asset for the last decade Dave.

[@DigitalAssetNews]

Dave has no idea what he’s talking about with bitcoin. Anyone that has done more than 10 hours of learning about bitcoin don’t go back. NOTE: I like Dave Ramsey. He’s great at getting people out of debt but horrible with understanding digital assets.

[@amireallythatgrumpy6508]

Anybody who's done more than 10 hours of learning about bitcoin laughs at it.

[@Bitcoincarpenter]

Dave and Peter Schiff should have a talk show.

[@UpUpDnDnLtRtLtRtBAStart]

They probably both own Bitcoin

[@DouglasCMills]

In ten years there’d be no one left to watch it😂!

[@stryker2099]

I'm not a boomer, instantly talks about bitcoin like every other boomer

[@josephthomas2226]

I'm a boomer and 25% of my retirement account is in Bitcoin and ethereum and it's one of the reasons I was able to retire at 63. The problem with most people and Bitcoin is they buy when it's high instead of wait for the bear market and buy when it's low and then wait patiently

[@davehooper6481]

I’m not a boomer and I’m very into crypto and I think it’s the future but I also think less of bitcoin than Dave Ramsey does

[@Crimea_River]

That interview was great. I really appreciated when you pushed back on him. I think when it comes down to it Dave knows he has to give financial advice that can benefit most people. Crypto on the other hand drains most people.

[@ScottishJazzman]

Dave’s advice is excellent for people who aren’t personal finance nerds. You’ll get out of debt, and you’ll build wealth steadily and reliably. Super low risk, and easy to follow… not sure where his 12% return mutual funds are though!

[@bradmtb1]

@@ScottishJazzman Fidelity Contra Fund has 30 years under Bill Danoff over 13%. To get that, you'd need 100% of your portfolio in it. For a retired person taking monthly or annual income, you'd be forced to sell shares even in a down market. DR gives overall sound advice, except when it comes to investments.

[@sandiaexchangeinc]

@@bradmtb1

[@HeythereDavehere]

Enjoyed your BTC discussion with Dave

[@deanstevenson1649]

what is the approximate timestamp of that? cheers

[@AndreiJikh]

thanks Dave! He was fun to talk to, if you come out to Vegas again, let me know!

[@dsflat6785]

Are we seeing a slow bleed from BTC into BCH ? BCH is up about 300% in one year, over twice as much as BTC.. BTC with small blocks isn't and cannot be a P2P Electronic Cash System for the world which was the whole point of Satoshi creating Bitcoin in the first place Bitcoin Cash: A Peer-to-Peer Electronic Cash System The same 21M max supply as BTC Same halvings Same miners Same Genesis block BCH big blocks, scales on-chain, is fast and cheap to transact P2P on L1

[@kylelevo2]

It’s insane how stubborn he is. He says he only does long term investments. Bitcoin is literally the best long term investment you can make

[@amireallythatgrumpy6508]

Bitcoin has only existed short term. Long term is 25+ years.

[@mikerinaldi7170]

​@@amireallythatgrumpy6508 says who?

[@mikerinaldi7170]

@@amireallythatgrumpy6508 Bitcoin is 15 years old

[@skylimits2002]

U don't know that yet

[@tonypreston7278]

Bitcoin doesn’t have a long-term track record

[@en3mes]

Glad you did this Andrei!

[@nicolaescu3]

Loved your going back into the analysis of the technical aspect of crypto (@16:48), man! Up to the point that you mentioned that, the conversation really was going down a slippery slope. The importance of the actual implementations of blockchain, smart contracts and their market penetration is absolutely essential for all crypto assets.

[@my2sats260]

Dave had to constantly talk over Andrei when he realized he never read the whitepaper 😂

[@cjs2020th]

Exactly - so obvious in his one word reply “ sure “ when Andre asked if he has read the white paper ha ha ha and also so obvious in his demeanour that he dismissed BTC years ago and now like Shiff cannot admit that he is actually wrong 🙄

[@rockybalboa5896]

I like DR as well, but what he does not see is that BTC is a hedge against a decreasing FIAT currency with the $ leading all of them. You missed your opportunity when you said that BTC's Supply is now less than Gold and DR replied but it wasn't last year. EXACTLY! But I think in DR's mind he was mistakenly pointing out that the supply of BTC could reverse and change back next year and be more than gold again.

[@FJX716]

He’s saying speculation and events like the halving spark the belief this will make the price increase. Nothing about the halving has made BTC reach much higher than 72k. It’s even made the price drop lower.

[@MarsBound23]

You can send that one bitcoin my way! Fantastic interview! Thanks for putting this together, Andrei

[@AndreiJikh]

Thanks for checking it out :D

[@tw106]

Dave Ramsey doesn’t believe you can “invest” in digital assets, but there are plenty of people who are investing in them with a multi-year view. Bitcoin may only have a 15 year track record/history, but its security has never been broken despite many attacks, which is impressive, and it does have a long term roadmap to 2140. If it does reach this, then inevitably, those who did invest and held on will no doubt become millionaires, if not billionaires,that is generational wealth. It has huge asymmetrical upside which is foolish to not have some skin in the game in.

[@penguingobrrbrr353]

You do realize people can sell others dreams and believe in it ?. No one get rich without an actual business money producer.

[@mikerinaldi7170]

​@@penguingobrrbrr353 Exactly! That's why gold has no value

[@manfromnantucket6880]

HODLers have done their research and invested wisely, based on the risks they are willing to take on a new asset class. Dave's yardstick about the terms "speculation" and "investment" is easily disprovable nonsense. VCs have done their research and invested in all kinds of new inventions since forever.

[@tw106]

@@penguingobrrbrr353 I see your awareness of the world you live in. You believe that not even one person has become rich from investing in digital assets or Bitcoin.

[@jameseastwood4984]

​@@penguingobrrbrr353 I question this idea that wealth is being created with Btc, I don't think it is. I think wealth is being transferred from all the FIAT currencies to Btc. The de-valuation of the FIAT currencies due to BTC is very small because of the relatively small market cap of BTC vs all the world's currencies. Taken to it's extreme FIAT holders will be poor and BTC holders will be wealthy. I think that may then bring a second problem as the democratic process will enable the poor to tax the Btc owners.

[@brianpeacock2613]

Davis is so wrong about bitcoin. I took out a heloc on my house and bought at 20k. Best thing I ever did. Still holding.

[@miguelcarmona9645]

Wow that sounds risky AF, glad it worked out for you tho!!

[@Cower03]

I love bitcoin but that’s too much of a gamble. People need to be more responsible financially before they go into bitcoin. Glad it worked out for you though! BTC to the moon this cycle!

[@brykit1972]

I know crypto and real estate and I must say that’s an insane risk but I’m glad it’s working out for you thus far. Please tell us you already paid off the HELOC!

[@bibby3027]

buying some bitcoin is smart. betting your house on bitcoin is really risky and therefore not smart, even if it does end up working out.

[@brianpeacock2613]

Well this escalated quickly.

[@mylescrawley1193]

18:17 air is priceless and so is Bitcoin 🚀

[@jjyolo7249]

Dave made the air comment and I thought....how long can you live without it?

[@zakusleeverious4836]

@@jjyolo7249 Hilarious. He basically explained the value of Bitcoin and he refuses to accept it. There is no "hope" with Bitcoin. He simply doesn't understand how it works

[@ParkerBG]

@@jjyolo7249and how much money can you get for it?

[@alexb8926]

It’s a form of Energy, not air

[@johnnycrypto802]

I cannot fathom how hypocritical and isolated Dave Ramsey is regarding bitcoin especially with how he has an implied understanding of fiat and value in assets and made millions from this knowledge.

[@fred6907]

Claiming it's a speculative asset is just plain wrong. It WAS speculative in the beginning. Now it's been around for 15 years, can't really call it short term anymore. And it's not like it's going away anytime soon. The amount of money being poured in from all the institutions is proof of that. There is NO way the price will go anywhere but up from here, the demand is just too insane.

[@andrewbeckwith4774]

I cannot fathom how offended you are because Dave Ramsey thinks that you made a stupid investment :)

[@JArthurStudios]

@@fred6907 Now there is a phrase I've heard before: "There is NO way the price will go anywhere but up from here, the demand is just too insane"

[@shirolee]

9:34 I'm not a rocket surgeon hahahaha... I don't think anyone is...

[@PlanetMars3]

It’s a fairly common saying, a mix of brain surgeon and rocket scientist, I first heard it in the movie Mystery, Alaska from 1999 but I’m sure it’s been around longer.

[@kylekuehne5976]

Hey, says that all the time. One of my favorite lines 😂

[@mogamethanu]

I know a surgeon who became an astronaut. Does that count?

[@Schnitzel_off]

Can’t teach an old dog new tricks 😂

[@isaidit4720]

and yet he's still richer than you :). GO DAVE!!

[@yoeddy]

Dave Ramsey’s best advice was when he said: “Scroll back up and smash the like buttonski 💯💯”

[@AndreiJikh]

Best advice ever

[@tjmooney4181]

Inflation decreasing of a finite supply while demand is at all time highs and increasing more than ever

[@ChucktheQA]

I enjoy listening to the debates. Andrei and Dave both debated over bit coin. Also, Kudos to Dave to standing for his beliefs. Andrei offered, and Dave declined. Generousity and diversification on both ends of the conversation

[@i-lyas]

I loved the interview and to be honest what he said is logical; I liked his perspectives. Thanks for sharing Andrei ✨

[@TitanRaider23]

“Buy” or finance a home with no credit and still lock in a great rate?

[@brykit1972]

Dave glossed over that real quick! 😂

[@growgodly]

Mortgages are the only debt that Ramsey isn't adamently against but they still stand by the principle of not borriwng more than you can afford (25% of imonthly ncome) and paying it off as quickly as possible.

[@OddlyLargeToe]

Considering what Dave said about what makes something speculation verse investing. Would he say that an investor investing in a new business isn’t investing in that company, they are speculating in that new company? That business doesn’t have a long term track record so it must be speculation

[@brykit1972]

Sounds like it. From everything I’ve heard over the years investing in a new business, especially a restaurant, is about the riskiest thing you can do.

[@thedaumworld]

Yes……that is exactly right lmao. Sounds like you’re trying to make a rhetorical question that would make a point.

[@brianyaeger8209]

That’s precisely what he was saying with the Facebook example

[@tsaunders9340]

I got burned Investing in Facebook in 2012 when they first went public, but I also didn't really know what I was doing either. A lot of people was misslead during their IPO. So much hype back then

[@ActionInvestor]

Are you going to meet Robert Kiyoski next? That would be cool!!

[@AndyBolton310]

I enjoyed this and it’s refreshing to see Dave in an off the cuff fashion. Not the biggest fan of his but I appreciate his point of view and that building is pretty cool.

[@geoms6263]

Dave Ramsey’s best advice was when he said: ,,Garbage in, garbage out´´

[@kenjo3045]

Fiat in, fiat out

[@Whale15]

'The people that are getting in it are getting in it because of greed.' DR. Not the case for most retail or institutional investors in BTC. They want exposure to an asset that cant be debased by governments and has all the positive attributes of gold with none of the defects. And massive amounts of analysis has been done by some of the best talent in finance. 'You can look back 10 years and has Facebook done okay. Maybe?' Its up over 800% Dave.

[@gusgalvanini]

Preach Bitcoin my man!!

[@panamakinal]

Man this was a great interview with Dave trying to push him with someone that really knows what they're talking about

[@thadvocates9974]

Great video! Congratulations on getting a interview with him. Dave sticking to his integrity!! That part!! 🎉

[@thisguy1920]

It’s not integrity. If he flips script now he looses the narrative & in turn losses power.

[@MrDude2237]

Thoroughly enjoyed the difference in your interview compared to others, and my favorite part was the behind the scenes of the studio and complex. Very cool and interesting stuff!

[@ryanl3812]

Dave Ramsey is the man. Been following his principles for a long time and its paid off handsomely

[@tsaunders9340]

His advice is kinda out dated now days

[@leafside516]

Andrei, your poise, finesse, and patience speaking with Dave about Bitcoin was so impressive. Dave kept saying Bitcoin has "no track record", but at what point does it have a track record?? Its 15 years old. Does is have a track record at 25 years? 50 years? 100 years? Dave came as close as he's gonna get, but the reality is that Bitcoins track record over any timeframe in the last 15 years is phenomenal, and although its price action is volatile, its not speculative... We know its supply dynamics with certainty which is completely unique from any other asset.

[@AndreiJikh]

Thank you! And great point, every asset goes through a period of having no track record but that’s not a dig against Bitcoin. I think 15 years isn’t exactly a short record either!

[@jameseastwood4984]

Has cycled four times... there's no track record...???

[@dustinhensley7995]

Spec home is a non custom built house… It is built to spec! FFS…

[@AndreiJikh]

I've also heard it referred to as "speculative" homes that builders go all out on (this is less common nowadays then prior to 2008) so maybe that's why the older people refer to them in that context

[@dijidal]

9:39 “and I’m not a rocket surgeon” 😂 😷 😂

[@dastan4637]

At one point of time, there also haven't been bluechips, s&p... so, it is a weak point saying not to invest in BTC because of track record(16years).

[@thedaumworld]

Yeah buddy you totally didn’t know that S&P was created back in the 1920s didn’t you.

[@Dove88]

Old and young points of view of financial experts, I love it.

[@jkirkpatrick3889]

Thank you for the ad break after offering the bitcoin

[@TonySpeed2012]

Where can I find the full video of the interview?

[@gamblingpysch]

Hahaha Don't tell this to Robert Kiyoski 😂

[@rkeyology81]

He's a financial televangelist, the Joel Olsteen of money... "I'm not a stupid boomer who doesn't understand crypto" also "I'm not a rocket surgeon"

[@ryanl3812]

He says "rocket surgeon" all the time. It's a joke. The man built and runs a media and real estate empire, he's unquestionably smarter than you and I.

[@Dgnmuse]

I agree. His whole shtick is annoying and dated. Being a boomer helped more with finances than cutting coffee ever will 😂

[@Murkee813]

Man raoul paul needs to have a conversation with Dave about crypto

[@manfromnantucket6880]

Robert Breedlove and Andreas Antonopoulos too.

[@soundsnags2001]

@@manfromnantucket6880 You guys talk about these folks like superheroes lmao

[@tsaunders9340]

Or Michael Saylor

[@michaelenglish2478]

Mike from Houston, TX here. Freaking love your content, Andrei. Would love to meet you someday man!

[@Kofz89]

This was really good you done a great job standing your ground on BTC and strangely enough I half got where Dave was coming from. But yeah this was dope!!!

[@JWhitlow22]

Great video Andrei! I enjoyed the bitcoin convo you had with Dave, and the tour you went on with George. I’d like to visit Ramsey Solutions at some point.

[@richardbradbury7086]

Thanks for doing this. It was great seeing two people with so much knowledge discuss their views on investing, home buying and other financial topics. Well done sir!

[@isaacsplumbing]

❤❤❤❤Loved this. Transparency.

[@hesisportscards7699]

I would be curious to see what Dave thinks of the Bitcoin Price Chart over time with the halving cycles overlaid. A clear pattern that is borderline undeniable.

[@EHC1216]

@AndreiJikh what percent of your portfolio is btc

[@VTNIGHTLIFE91]

I. Have. Been. Waiting. For. This. For. Years. Thabk you!!!!!

[@Questtt3]

No one is saying someone can’t invest in Bitcoin. The distinction between speculation and investing is a valid one. While both investments and speculative vehicles like Bitcoin increase in price bkz someone is willing to pay more for it, companies with positive historied performance have something behind the price…the company is making money. Cryptos increase solely bkz someone else wants a “coin” more than the “holder” does. The coins themselves have no intrinsic value.

[@DimiArhontidis]

What sucks because Dave doesn’t need bitcoin. He is a millionaire. It’s the people that listen to him and stay out of Bitcoin that will stay poor.

[@drewsmith8054]

Wait until his bank accounts are frozen, bitcoin isn’t just about how much he has, if banks decides to shut down anyone’s bank accounts they can’t use any of it and nobody can freeze bitcoin because of its nature of design as long as the owner holds their own keys. It requires nobody’s permission to transact vs banks do. Did you know because of US sanctions many people in these sanctioned countries can’t get a bank accounts even?

[@Serg_lemus]

Well if they're already poor and don't have much knowledge on digital assets Bitcoin can't do much for them either 🤷‍♂️

[@henrivacas36]

To be a master you must find a master to be like. Great video. Cheers from Switzerland.

[@genbtc]

U didn’t teach him why btc is superior money and technically fulfills the use case of store of value and medium of exchange better

[@CNT536]

17:08 "When facebook went public, did I put any money in it? NO!" lol that's no a flex

[@nerios.v]

He is saying that to explain that, when Facebook when public nobody really knew if it was going to succeed, therefore you'd be speculating. It's easy to say you missed out on hindsight.

[@bibby3027]

it actually is a flex to get as rich as he is without investing in any speculative tech company. it’s not flex to say u guessed and got it right

[@faundr]

@@bibby3027 He didn't get rich investing either. Book sales and talk shows and some good luck, not taking anything away from him, with real estate. Most of Dave's wealth is actually in his company's real estate property.

[@jeremysoehner4746]

He's being genuine, Not everything is said to be a flex...

[@Jack-qk3xv]

Thanks for the interview!

[@AndreiJikh]

I had a blast!

[@thisguy1920]

@@AndreiJikhI’m glad you didn’t just agree with a dinosaur.

[@thirsty3333]

I loved you and Dave’s back and forth great like you guys doing it together for years lol

[@smirkinatu5512]

Bitcoin track record is since 2009. Is that long term?

[@amireallythatgrumpy6508]

No. Long term is 25+ years.

[@FJX716]

The NYSE was founded in 1792. What do you think?

[@orinborg]

There’s no way Dave has read the Bitcoin whitepaper. He shouldn’t have claimed that he did, in my opinion.

[@arh1234]

Why wouldn't he have read it?

[@fred6907]

@@arh1234 Because he still calls it a speculate asset. It's been around for 15 years, there is nothing short term about that at all. And it will be around for the next 15 years the price will just be MUCH higher. All the institutions are going balls deep on Bitcoin, it's not a coincidence. Follow the money.

[@TheCryptoMiner]

Mathematically wages havent kept up with home prices.. then says its always been the same as difficult. What is this!

[@dubedition13]

'but last year april, it wasnt' - Dave Ramsey on bitcoin being the scarcest asset due to the halving 🤣🤦🏻‍♂️

[@alexbeliy77]

Great episode! Thanks Andrei

[@andrewr4066]

What a great interview and conversation. 1st time on your channel and will definitely hit your podcast 🍻

[@aussieexpat]

USD going to zero is the longest game possible.

[@AdamChamberlain]

Thank you for pressing him on Bitcoin, he usually discredits his callers for holding Bitcoin. Although he is still not persuaded at least you got more insight.

[@krillansavillan]

Great video! Love him or hate him, Dave and his team have probably singlehandedly helped more Americans get out of debt than anyone.

[@pilotgirl5953]

Great interview with Dave. Gotta agree with him on Bitcoin . I do own some though.

[@zootechdrum]

I like this guys investing advice

[@NyteOwl]

Hey! Incredible Job! Bought one more Bitcoin just because of this Video!

[@chrisperea]

BTC has been around for 15+ years now. When exactly does its track record take effect?

[@Germanatolia]

2000 years lol

[@AmericanWears]

Tomorrow morning at 1030 et

[@amireallythatgrumpy6508]

Long term is 25+ years.

[@FJX716]

NYSE has existed since 1792. What do you think?

[@EarlCo]

The technicals/fundamentals of BTC SHOULD change it for him. Dave just refuses to educate himself and open his mind on the history of money.

[@CharlyCD93]

It must be badass to have a retirement account that keeps growing and will never have to be touched because the business and real estate bring in millions.

[@Xairos84]

20:31 integrity! A word fading from understanding.. Good interview

[@mohammadabzakh7412]

Integrity seems to be a forgotten virtue, particularly in a world where hypocrisy abounds. thank you, Dave Ramsey. thank you, Andrei.

[@brykit1972]

Is it really integrity when your premise is flawed? Just a hypothetical.

[@Birddog1689]

Dave is speculating himself. He is speculating that historical systems and markets will follow historical patterns and that younger generations won’t wake up in large portions to the fraudulent basis of most of those historical systems

[@Sam_splatter]

This is cool! Ramsey is the reason I started investing.

[@Caleb1822]

Looked up the definition of speculation, no mention of time frames. Dave is confidently wrong

[@amireallythatgrumpy6508]

As is the source you looked up.