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Bitcoin has a loyal fan.
YouTube superstar Michelle Phan says Bitcoin is the best way to protect one’s assets in the event of a financial downturn.
Tweeting to her 880,000 Twitter followers on Sunday, Phan says BTC isn’t an investment, but a reserve.
Bitcoin isn’t an investment. It’s a reserve, the best savings technology that will protect your purchasing power during a financial crisis. When monetary freedom takes a hit, Bitcoin becomes the lifeline. https://t.co/FUbPNq4Bry
— ? (@MichellePhan) October 13, 2019
With over 1.1 billion YouTube views, the pioneering beauty mogul was named on Forbes’s 30 under 30 list in 2015. The same year, she raised $100 million to value Ipsy, the company she co-founded, at over $500 million. She left the firm in 2017.
Once she discovered Bitcoin and Ethereum, Phan became an ardent proponent.
[adinserter block="1"]The entrepreneur says she’s more excited about Bitcoin than she was when she first discovered YouTube, reports The Cut.
10 years ago, I was ridiculed for quitting my job to pursue my YouTube channel. No one saw the potential in the platform like I did.
Years later, I was ridiculed again for investing in BTC and ETH.
I like having the last laugh ?
— ? (@MichellePhan) August 19, 2018
Says Phan,
“I am a lover of decentralization. YouTube is decentralized, in the sense that anyone can have a channel, have their own network, and make their own content.
[Bitcoin is] not run by any higher authority power. It’s not a company. There are no board members. For the first time in history, you can be your own bank. We’ve never had that before.”
After a long hiatus, the iconic influencer, who has amassed a following of 8.9 million subscribers, returned to YouTube last month.
Her return ignited a stream of comments with fans calling her ‘The Queen’.
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