Copy link
Increase text size
Decrease text size
Link copied

Crypto can be a small part of one’s investment portfolio, says Dave Ramsey

Ramsey views crypto as a commodity that's going to be around for a long time.

Photo by Sergei Tokmakov Terms.Law of Pixabay

Thu, 13 Jan 2022, 10:02 am UTC

As crypto adoption continues to gain momentum worldwide, a growing number of investment experts are taking a serious look at digital assets as potential investment vehicles. For instance, Dave Ramsey is now saying that cryptos can be a small part of one’s portfolio as he views digital currencies as commodities that won’t go away anytime soon.

Ramsey Solutions CEO Dave Ramsey shared his views on Bitcoin (BTC) and crypto in an interview with Maria Bartiromo on Fox Business on Tuesday. The personal finance guru was also promoting his new book titled “Baby Steps Millionaires.”

During the interview, the finance guru was asked if he is against investing in crypto. “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?” Bartiromo questioned Ramsey, according to Bitcoin.com.

However, Ramsey explained that he is not totally against such investment. “No, as long as the exposure is money you can afford to lose, whatever you want to do with that,” he replied.

He cautioned investors that it’s probably best not to take on loans or use their retirement to go all-in on crypto. “We’ve got people mortgaging their homes,” the author added. “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 just not a proven process.”

He also expressed confidence in the long-term viability of crypto. “It’s a commodity,” Ramsey explained. “Is it going to be around? Sure, it’s going to be around.”

The investment expert also cautioned that people should probably make crypto a small part of their portfolios. “I think it’s kind of fun,” he said. “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.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • owen
  • 2022.01.16 00:47:25
Hey, 3 days after meeting their requirements I started noticing changes in my credit report, after 9 days my report was made new. My score is now 798, eviction, credit card and student loan debts as well as late payments are gone. Even a JUDGEMENT I had back in 2019 was removed. In all honesty they are experts and know exactly how to get it done. Go ahead and contact them via ACECYBERGROUP at GMAIL dot COM
  • 0
  • ·
  • 0
  • owen
  • 2022.01.16 00:47:25
Hey, 3 days after meeting their requirements I started noticing changes in my credit report, after 9 days my report was made new. My score is now 798, eviction, credit card and student loan debts as well as late payments are gone. Even a JUDGEMENT I had back in 2019 was removed. In all honesty they are experts and know exactly how to get it done. Go ahead and contact them via ACECYBERGROUP at GMAIL dot COM
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $35,439.00 (-3.70%)
  • Ethereum (eth) $2,443.82 (-6.88%)
  • Tether (usdt) $1.00 (-0.49%)
  • Binance Coin (bnb) $365.18 (-6.15%)
  • USD Coin (usdc) $1.00 (-0.36%)
  • Bitcoin (btc) $35,439.00 (-3.70%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft