“It's a commodity. Is it going to be around? Sure, it's going to be around,” said Dave Ramsey. $BTC bitcoin cryptocurrency
Financial Guru Dave Ramsey Says Crypto Is 'Fun,' Here to Stay, Can Be Part of Portfolios
Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said.Personal finance guru and Ramsey Solutions CEO Dave Ramsey discussed bitcoin and his new book titled “Baby Steps Millionaires” in an interview with Maria Bartiromo on Fox Business Tuesday.
Bartiromo asked him: “I know that you warned against crypto. You called it a get-rich-quick investment. Are you telling us that we do not have any exposure to crypto?” Ramsey replied:However, he cautioned: “We’ve got people mortgaging their homes. We’ve got people taking their retirement out of their 401k and dumping it into crypto as if it is a proven process to build wealth.”It’s a commodity. Is it going to be around? Sure, it’s going to be around.
He elaborated: “I think it’s kind of fun. I enjoy watching the whole thing and all that. But, it’s an anomaly on the side. It shouldn’t be a big part of a personal financial plan to build wealth. It could be a small part — for entertainment.”