Instagram star Alexis Ren says the dollar-based economy is 'collapsing' so she's going into crypto

Most people know about the model's appearance in Sports Illustrated's swimsuit edition or her time on Dancing With the Stars. She has more than 15 million followers on the photo sharing site.

Ren hopes that eventually you will know her best as the founder of YourStage.io, a tech platform that lets people host videos, meetings, and classes for mentor-driven learning, and as a force in the non-fungible token world.

Ren's online school for women interested in fitness, health, and personal finance is the main brand on YourStage.

After an introduction at the Web Summit in Lisbon, our conversation was supposed to be focused on her new business but it quickly turned into economics and cryptocurrencies, which ended up being the main part of the interview.

The way we are using the US dollar is frightening.

Ren's doubts about the direction of travel of the dollar-based economy drove her interest in thecryptocurrencies.

In a video she published in April, she said that the economic structure we have been living on is a lie and that we need to find something better.

Ren acknowledged that the economic agreement that had been in place for a long time needed to be changed for something new.

She said that using the US dollar is going to hurt a lot of people. Our economy is going to fail.

Is the economy going to fail? Insider asked her on the video call.
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There is a report on the website of the Insider magazine.

Ren believes that the economy of the future can move with us.

The Warriors.

She said that the devaluation of the US dollar is a real problem.

Ren told Insider that they keep printing more so that it has no value.

It used to be backed by gold. We don't have any value except for their belief and faith, that's even worse. They're using our faith in the dollar. There is no set amount. There needs to be a new thing.

Ren said that the economy was collapsing and that the dollar was getting less valuable. This isn't true. The dollar has gained against the British pound and the euro since May.

Is the American economy growing right now? The US GDP growth was 2% in the third quarter.

We're in debt, so we're trying, we're printing more money to pay back debt, and then we keep accumulating more debt. She says it's a black hole. She is correct about the growth of debt. The US debt is at an historic high of 120% of GDP.

The US debt has grown recently.

FRED.

It doesn't end badly, but it's not sustainable, right? She says that an economy that's sustainable can move with us.

NFTs can be used as diplomas and tickets.

She is putting money in her mouth. She hopes YourStage will switch from a cash subscription model to an NFT access model.

Warriors currently hosts fifteen or more courses with each course containing a dozen or more videos. Ren is the tutor for a 30-day fitness routine based on ballet. You have to pay using US dollars.

Although Ren is the most famous person on the site she is hoping that users stick around for the other mentors who offer courses on health, skincare, beauty, personal finance, and more. Ren hopes that other companies will use the YourStage.io platform to host their own classes if Warriors goes off.

Ren wants access to Warriors to be based on NFTs.

She said that the community of We Are Warriors is changing over to being NFTs.

It's an NFT community instead of being a monthly subscription. Ren says that the NFT virtual ticket is better because the girls own a part of it.

Soho House is a private club in Los Angeles where membership is needed to enter. Ren says that NFTs can be used as certificates to show that you have passed a course.
Ren thinks you should invest a little in cryptocurrencies every month.

Ren invests in coins. She wants to make it easier for other women.

She says it's a very masculine-driven area. She says to put a small amount of money into coins every month as a recurring payment and forget about it.

The name of the person is Alexis Ren.

We are Warriors is a song by Alexis Ren.

She said that you're never going to look at it if you put $10 a month into it.

"You're going to be very grateful you did that, because it's going to be a recurring payment, and you're never going to see it, and 10 years from now, you're going to be very grateful you did that?" She didn't want people to gamble but rather invest over time.

Cryptocurrencies can be volatile and can bounce between $29,000 and $67,000 in a single year.
Put whatever you think you can afford into the virtual currency. Put that into the digital currency, ethereum. Don't stress about it.

She is realistic about the fact that the assets of the US Federal Reserve are not backed by a notional currency. "They go up and down because it's not real."