Story by: Nick Chong
While readers might not have heard of Michelle Phan, Bitcoin adoption may be dramatically boosted by this one social media star.
The Asian-American Youtuber, who sports a channel with over eight million subscribers and over one billion video clicks, recently doubled down on her love for the leading cryptocurrency, sticking to her guns even amid the recent price drawdown.
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In a recent interview with The Cut, Phan took some time to talk about Bitcoin, arguing that she is now more excited about the project “than [she] was when [she] first discovered Youtube.” The entrepreneur, whose company is worth hundreds of millions, is so excited about Bitcoin that she told her interviewer that “it’s probably the most important investment you can make in your life”. Crazy.
On the matter of why, she looked to decentralization, arguing that BTC is the first technology that allows one to become their own bank, “as there is no higher authority” or power controlling permissions and the flow of money.
Prominent Bitcoin commentator Beautyon has remarked that Phan’s latest bout of support for Bitcoin is “how normalization is done.” Indeed, with so-called influencers literally changing how thousands of young people live their lives, the support of Bitcoin by an influencer with massive reach won’t hurt.
THIS IS HOW NORMALISATION IS DONE.
She believes that every entrepreneur should invest in Bitcoin. “It’s probably the most important investment you can ever make in your life,” she says, seriously and without hyperbole.https://www.thecut.com/2019/09/michelle-phan-youtube-beauty-star-on-why-she-left.html?utm_medium=s1&utm_campaign=nym&utm_source=tw …
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Phan isn’t bluffing about her love for the orange coin that we’ve come to love. She recently appeared on an episode of the “Off The Pill” podcast by Ryan Higa, a long-time Youtuber with some 20 million subscribers, to talk about Bitcoin and entrepreneurship. During that episode, she likened the asset to gold and made much ado about the cryptocurrency’s supply cap of 21 million units.
She recently appeared on a later episode of Higa’s podcast, in which the Youtube stars conversed with POTUS candidate Andrew Yang. Around halfway through the interview, Phan posed a question about cryptocurrency to Yang, who answered with optimism about this industry.