Dave Ramsey, author of the bestselling book Show Me the Money, positions himself as an expert in wealth management, calling himself "America's trusted voice with money." On an episode of The Dave Ramsey Show, the author addressed the topic of locking when answering a user's question: Could a queue be a confidential asset that allows him to offer up to 5% of his investment portfolio?
Ramsey compared Bitcoin to air, despite the fact that the asset's market capitalization exceeds a trillion dollars.
âBitcoin has no value, so I wouldnât even want my enemy to invest in it. Ask people like Warren Buffett, who says that if he doubled the amount he could invest in Bitcoin, he would still be penniless because that's how much he invested in Bitcoin. I will support Warren on this issue,â Ramsey said.
The American writer believes that investing in gold is much better than investing in the first cryptocurrency. As Ramsey explained, the only reason gold is more valuable than Bitcoin is because two people agreed on that value and argued over it. The same applies to any commodity and currency: the value of any currency is based on people's faith in it, and Bitcoin is the least trusted, Ramsey added. According to him, he does not invest in assets that do not have long-term credibility.
