Financial guru Dave Ramsey advises couple to sell crypto to pay off debt, warning against volatility.

From Yahoo Finance: 2025-04-22 11:45:00

Dave Ramsey, a financial guru, expressed skepticism towards cryptocurrencies due to their extreme volatility. A caller claimed God told her to buy crypto, which Ramsey deemed a speculative gamble. Ramsey advised a couple to sell $51,000 worth of crypto to pay off their $51,000 debt, emphasizing the importance of financial prudence over risky investments like crypto.

Ramsey cautioned against holding onto crypto, urging the couple to pay off their debt instead of banking on a potential crypto bull run. The couple’s belief in divine guidance for crypto investments has led them to marry the idea of waiting for God’s signal to sell. Ramsey criticized this approach, emphasizing the risks of market timing and debt management.

The sunk cost fallacy and the couple’s reluctance to sell their crypto despite financial obligations were highlighted by Ramsey. He stressed the importance of capitalizing on investment gains to become debt-free, advising against prioritizing volatile assets like crypto over financial stability. Ramsey’s guidance aimed to steer the couple towards a more secure financial future.

Read more: ‘The Only Track Record Crypto Has Is Extreme Volatility’