Alexis Ren Says Economy ‘Collapsing’, So She Goes Into Crypto
- Model Alexis Ren thinks “the way we use the US dollar is really scary.”
- Ren, who founded YourStage, a technology platform for learning, believes the economy is “collapsing.”
- She believes crypto offers a viable alternative and encourages people to invest regularly.
Most people know model Alexis Ren from her appearance in the swimsuit edition of Sports Illustrated or as a contender for the US edition of Dancing With the Stars. You might have seen her on Instagram, where she has over 15 million followers.
But Ren hopes you might get to know her better as the founder of YourStage.io – a technology platform that allows people to host videos, meetings, and classes for mentor-guided learning – and in as strength in the crypto-based non-fungible. token world (NFT).
Currently the main brand on YourStage is We are warriors, Ren’s online school for women interested in fitness, health, and personal finance.
After an introduction to the Web Summit in Lisbon, our conversation was supposed to focus on his new business, but it quickly took an unusual turn towards economics and cryptocurrency, which ended up becoming the predominant part of the interview. .
“The way we use the US dollar is really scary”
It turns out that Ren’s interest in crypto is driven by his doubts about the direction of movement of the dollar-based economy.
In a video she posted in April (see mark 11.33), she said: “I think the economic structure we’re living on is a lie and it’s delusional and it’s just a deal and so we have to find something better, and I think bitcoin and the cryptocurrency are that. “
Ren went on to say that the economic “deal” that had been in place for “a very long time” had to be replaced with something new and acknowledged that it was “scary.”
“I’m scared, but the way we use the US dollar is really scary and it’s going to hurt a lot of people,” she said. “Our economy will fail.”
Insider asked him about this during our video call: Is the economy really going to fail?
The inflationary devaluation of the US dollar is a real problem, she said as her golden doodle barked in the background.
“They keep printing more, so it doesn’t have any value,” Ren told Insider.
“Before he was backed by gold and he’s not anymore. And so we don’t have any value other than their belief and faith in him and that’s even scarier. Because now they’re just using our faith in the dollar. And then there’s no set amount. And so there has to be a new thing. “
Ren went on to say that the economy was “collapsing” and the dollar was losing value. (This is not entirely true. In fact, since May, the dollar has gained almost 6% against the British pound and almost 7% against the euro over the same period.)
And surely the US economy is growing right now, not collapsing? U.S. GDP growth was 2% in the third quarter of 2021 after all.
“I know that, but we’re in debt, so we try, we print more money to pay off the debt, and then we keep accumulating more debt. It’s a black hole,” she says. She is right about the growing debt. US debt is currently over 120% of GDP, an all-time high, according to the St. Louis Fed’s statistical database.
“It doesn’t necessarily end badly but it’s not sustainable and I think that’s what we’re looking for, right? An economy that is sustainable and can grow with us,” she said.
Use NFTs as tickets and diplomas
She puts her money where her mouth is. YourStage – which she built without venture capital funding – will shift from a cash subscription model to an NFT access model, she hopes.
Warriors currently hosts fifteen or more courses, with each course featuring a dozen or more videos. One of them is a 30-day ballet-based fitness routine, of which Ren is the tutor. You must subscribe – using US dollars – to access it.
Although Ren is the most famous person on the site, she hopes users will stick with the other mentors who, in addition to fitness, offer classes in health, skin care, beauty, personal finance, and fitness classes. more esoteric stuff like how to “plan your dreams”. your life. ”If Warriors takes off, Ren hopes other companies will use the YourStage.io platform to host their own courses and courses.
In the short term, Ren wants access to Warriors to be based on NFTs.
“The We Are Warriors community is becoming NFT,” she said.
“So instead of it being a monthly subscription, it’s an NFT community. So you have to have a ticket, an NFT virtual ticket, to be in the community as opposed to a monthly subscription, which I find much better because that then the girls own some of it because that’s where the NFTs go, ”Ren says.
The YourStage co-founder compared her NFT community to that of Soho House, a private club in Los Angeles where membership is required to enter. NFTs can also be used as certificates to show you’ve passed a course, Ren says.
Ren thinks you should invest a little in cryptocurrencies every month
And yes, Ren is investing in crypto. Her mission is to demystify it for other women.
“It’s a very masculine field” right now, she says. His advice is to put “a little” money in coins each month as a recurring payment, and then forget about it.
“You’re going to put $ 10 in Ethereum per month and $ 10 in Bitcoin per month and you’ll never look at it,” she said.
“And it’s going to be a recurring payment and you’ll never see it, and 10 years from now you’ll be very grateful you did, you know what I mean?” Ren also said she didn’t want people to gamble but rather invest over time, smartly.
Cryptocurrencies can be risky and volatile: The price of bitcoin has rebounded sharply between $ 29,000 and $ 67,000 this year alone.
“Whatever you think you can afford on a monthly basis, put it in bitcoin. Put it in Ethereum. But don’t worry about it.”
She is also realistic that crypto is a notional currency rather than something backed by US assets.
. “They go up and down because everything is really not real.”