Cameron Herold
speaker
284 appearances
2 recordings
2 series
first heard Jan 2025
last heard Mar 2025
Cameron Herold’s voice in public audio — every appearance, attributed to the second.
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Appearances
And why should anybody say tax the rich more before we say get rid of the waste first? let's get rid of the obvious waste, and then if we need to tax some people more, sure, let's look at that. But let's not go out as a family and say, let's go get three jobs when we can get rid of some of the waste at home. Maybe we don't need three jobs, right?
Okay, so this is what a lot of people don't know about me. So 1-800-GOT-JUNK was the fourth company that I'd built. The third company that I'd built was a private currency company. So we did what Bitcoin is doing today back in 1998 to 2000. We had 30,000 companies buying and selling in the United States using our digital currency instead of the US dollar.
We had Starwood Hotels, the Olympics, Avis Rent-A-Car, Bose Stereo, Hard Rock Cafe, all using our digital currency. It was backed by nothing other than the promise that other people would accept it. So I understood alternative forms of payment very early on. In 2014, and all of my posts are still on Facebook today, you can look up Bitcoin
and then look up posts by Cameron Herald, you'll see all my posts, 2014, 2015, that I started accepting payment for Bitcoin back in 2014. I started accepting payment with Ethereum in 2017, and I started acquiring Ethereum and Bitcoin both in 2017. I've been buying more almost every single week since 2017.
I bought more three times in the last couple of days because Bitcoin came back down to 78,000. Me too. I've been buying. I can show you my transactions. Every week, I have an auto buy on Bitcoin. And every time there's a big crash, I do another tranche of Bitcoin. I still only own two coins. I only own Ethereum and Bitcoin. I'm slowly converting most of my Ethereum off.
The reason I even got into Ethereum was I'm friends with Vitalik's mom and dad, Dmitry and Maria. We're part of a mastermind community together. So I got introduced to Ethereum online. when it was $200 a coin. But yeah, I've been in Bitcoin since when my first post was $450 a coin. So my kids both buy Bitcoin. All my clients are engaged in Bitcoin.
Every single week, I think you should be buying some. But I now have a substantial portion of my net worth in Bitcoin. And it's one of the reasons why I'm also now based in the Emirates. I'm a resident of Dubai. My company is based in Dubai. They have very favorable tax strategies for a Canadian living overseas. So that's one of the reasons why I'm based there now too.
As a company, if your company has a lot of cash, then yes, you should put some of your cash into Bitcoin as a strategic reserve and hold there and hold for five years. Just buy and hold, buy and hold, keep some there, and then invest in other things too. That's great. I don't think a lot of the countries that are talking about buying Bitcoin...
should be talking about buying it because they should be paying down their debt first. Like the United States is effectively bankrupt. When you're sitting on $30 trillion in debt, you don't have any money to be buying as a reserve. You should be paying off some of your debt and getting rid of some of your deficit so you're not adding to your debt every year
But if you don't have any money, it's like as a homeowner, if I don't have any cash, how can I go buy something? So I think the countries that should be buying, and they will be buying, are the Saudi Arabias, the Dubais, the countries that are actually living within their means, they're gonna do well.
I think if you can somehow get away with, sadly, issuing currency and buying Bitcoin with it, yes, it'll work well for you, but it's still gonna screw the actual citizens of your country because you're creating more debt.
I don't do any of that. I don't do any gambling with anything. So I'll tell you what my 10 core stocks are. And I buy more of these almost every month, for sure, every two months. Some of them I've been buying now for 20 years. So back in 2003, my dad told me Amazon was too expensive. So almost every one or two months for 20 years, I've been buying Amazon. But I buy Nvidia stock.
I've been buying it for 49, 50 months. So over four years, I've been buying Nvidia stock almost every month. Meta, Microsoft, Netflix, Apple, Amazon, Google, Shopify, Tesla, and Uber. Those are my core. I bought two tranches of those of five of the 10 in the last week. I converted some of my safer equity stuff over to those. But almost every one to two months, I buy more of those 10.
Buy and hold, buy and hold. And those stocks are down 20, 30% right now. Awesome. They're on sale. Those are good quality companies that aren't going away. Very similar to what Warren Buffett did back in kind of the 70s, 80s, 90s. with Gillette and the Amazons and Coca-Cola's, they're good, solid companies that are always going to be there.
Those companies that I just rattled off, if you're a business person, I think you have to have a portion of your money saved. It's very dangerous for an entrepreneur to keep rolling their money over and betting on more growth, right? I'm going to bet on my company, bet on my company. At some point, the house always wins. So I think it's dangerous.
The main website is CameronHerald.com, and it's H-E-R-O-L-D, so CameronHerald.com. That has links to my six books, which we didn't talk about, has links to my Invest in Your Leaders course, the COO Alliance. I have a podcast where I've interviewed 475 COOs. It's called the Second in Command Podcast. And we've had the COOs of Shopify and Bumble and name it.
We've interviewed most of them on our podcast. But yeah, it's all there. And then a couple of good YouTube channels too, a lot of free content shared.
Thank you. Yeah. If anybody watching, listening, have got comments and questions, drop them down into the notes. If there's a lot of questions, maybe we do a part two and, you know, we can answer a lot of the questions from your listeners and viewers too.
So why would I hire someone who knows how to do it versus someone that has done it? I would rather hire an Olympian who broke a world record, who won an Olympic gold, who competed in all events versus someone who knows how to do it.
Hey, John. Thanks very much for having me. Nice to see you.
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