Alexis Ren, a contestant on the U.S. version of Dancing With the Stars and an influencer with over 15 million followers on Instagram, says she thinks the “financial construction is a lie” and “delusional.” Ren stated individuals ought to discover one thing higher, which is Bitcoin and cryptocurrency.
Alexis Ren Says She Thinks ‘Bitcoin and Cryptocurrency is Higher
Ren has a web-based college for girls occupied with well being, health, and private finance referred to as We Are Warriors on YourStage. In a video in April, she revealed her ideas on the financial construction, saying what “we have now been dwelling on is a lie and it is delusional,” encouraging individuals to seek out one thing higher, which she thinks is “Bitcoin and cryptocurrency.”
Ren revealed her worry whereas noting that the way in which the U.S. greenback is being utilized is “scary” and can harm many individuals. In keeping with the story by BusinessInsider, Ren then made an announcement noting that “our financial system goes to fail” whereas sharing her ideas on how individuals ought to put money into cryptocurrency.
‘Collapsing’ Financial system and Greenback ‘Getting Much less Worthwhile’
Ren then stated that the financial system was “collapsing” and the greenback was truly “getting much less beneficial.” In keeping with the <a href=”https://www.businessinsider.com/alexis-ren-economy-collapsing-crypto-nft-bitcoin-2021-11″>story</a> by BusinessInsider, nonetheless, the greenback gained round 6% in opposition to the British pound whereas gaining round 7% in opposition to the Euro throughout the identical interval.
Ren stated that she is aware of in regards to the nation’s debt and their printing of more cash to pay again its debt whereas accumulating extra debt within the course of. As of the second, the U.S. debt is over 120% of GDP, which is a historic excessive as per the St. Louis Fed’s statistical database.
Ren Goals to Demystify Cryptocurrency for Different Girls
Ren then shared that what individuals are in search of is a sustainable financial system and may transfer ahead with them. Ren stated that she invests in crypto and that her mission is to demystify the area for different ladies.
She says that the world stays very “masculine-driven,” advising individuals to place “slightly” cash into cash each month and overlook about it. This course of known as dollar-cost averaging.
Ren’s Funding Recommendation
She stated that it’s going to be a recurring cost that depositors won’t ever see, however 10 years later, they are going to stay very “grateful.” Ren stated that she doesn’t need individuals to gamble however as an alternative make investments over time.
Ren stated that no matter individuals can afford in a month places that cash into Bitcoin and Ethereum, however they need to not stress it. She remained reasonable that crypto continues to be thought of a notional foreign money as an alternative of being one thing that the U.S. Federal Reserve backs.
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Written by Urian B.
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