After leaving YouTube at the height of her channel in 2015, one of YouTube’s earliest creators and most famous beauty stars, Michelle Phan, picked up cryptocurrencies as one of her most stimulating interests, finding her discovery of Bitcoin more exciting than that of YouTube.
Feeling burnt-out, but also thinking that she’d accomplished all that she wanted to on YouTube since she started her beauty channel in 2007, the 32-year-old American makeup artist, entrepreneur, author, and voice actress decided that the highest point of the channel was the best to walk away, she told The Cut.
While Phan still has an interest in beauty and plans to pursue it, she has also turned to other things she finds appealing, one of which is cryptocurrency. She said in the recent interview that she needs spontaneity not to become bored, and crypto and blockchain seems to be the place for her. “I’m actually more excited about Bitcoin than I was when I first discovered YouTube,” Phan says.
As to what drew her to the Cryptoverse, she says: “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.” She further draws comparisons, explaining that 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.”
That is why she has been buying BTC in the past few years, believing that all entrepreneurs should make this “probably the most important investment you can ever make in your life.” Phan believes buying products and services with crypto is only going to get easier, saying that the situation now with cryptocurrencies is what it was with the Internet back in its infancy days. “Remember when there was only internet cafes? And now we have the internet on our phones.”
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 🙂
— ℳ (@MichellePhan) August 19, 2018
Bitcoin was created with the intent to create a better money with the tools we have today. The monetary theory behind BTC is what makes it valuable. Learn about what money is, and you’ll understand why BTC is important. Good luck hodlers. pic.twitter.com/SzJFd4wWvL
— ℳ (@MichellePhan) June 22, 2019
Additionally, Phan invested in a cryptocurrency gaming company Quarters, and also discussed BTC on podcasts, including the one in September with the U.S. 2020 presidential candidate, Andrew Yang, as a guest.
— David Choi 🔜 @TakkoApp 🌮 (@DavidChoiMusic) September 15, 2019