Dave Ramsey recently told a story about a friend who spent $10,000 on cryptocurrency just to annoy him. On the July 29 episode of "The Ramsey Show," Ramsey said the friend wanted to be called an “idiot,” and he happily obliged. He joked that the same reaction could have been achieved without spending the money. Ramsey made it clear he hasn’t softened his stance on crypto, still seeing it as gambling rather than investing. In his view, assets like Bitcoin and Dogecoin are speculative bets you can jump in and out of, but they aren’t real long-term investments. He says Bitcoin would need a long, stable track record before being considered a legitimate currency. Despite his skepticism, Bitcoin has surged over 900% in the past five years and more than 46,000% in the past decade. Institutional interest has also grown, with investors gaining access through ETFs and companies like MicroStrategy. Earlier this year, Donald Trump praised Bitcoin, saying it helps ease pressure on the U.S. dollar and is good for the country.