https://ift.tt/6IvMREK Arabian Explains Why She Dropped Out of College To Become a Crypto Investor

Recently, crypto influencer Natalie Arabian who started buying crypto two years ago, explained why she decided to abandon her college/university plans to become a full-time crypto investor and why Ethereum ($ETH) is her favorite cryptocurrency.

In an interview with reporter Phil Rosen for Insider, which was published on April 11, Arabian explained how she first got into crypto.

She told Rosen that in April 2020 — which was the month after World Health Organization (WHO) declared that COVID-19 was a pandemic — “she was growing nervous that the Federal Reserve would begin printing massive amounts of money to keep the economy afloat during the COVID-19 pandemic.”

As you may remember, on 9 April 2020, the Federal Reserve (which is America’s central bank) announced that it was taking “additional actions to provide up to $2.3 trillion in loans to support the economy.” According to the Fed’s press release, Fed Chair Jereme Powell stated back then:

“Our country’s highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus. The Fed’s role is to provide as much relief and stability as we can during this period of constrained economic activity, and our actions today will help ensure that the eventual recovery is as vigorous as possible.“

Therefore, she decided to look beyond “traditional finance markets” and invest in crypto. According to the receipts Arabian showed Rosen, she “bitcoin at $6,700 and ether at $173, and over the next two months, she bought over 200 ether tokens for an average cost of less than $300.”

After her college shut its doors due to the worsening COVID-19 situation — which would have meant having to complete her bachelor’s degree in biology online — she realized that she could make a lot more from investing in crypto than any salary she could get after finishing her college education.

She told Rosen:

“The amount of money I started making [from crypto] was unlike anything that I could’ve made after college, and it got to the point where the opportunity cost of studying and being in school was just too great to ignore.“

So, in Summer 2020, she left college. Although since then she has amassed over 30,000 followers on Twitter (@moon_guurl) and is considered by some as a crypto influencer because she talks about crypto on her social media media channels, Arabian told Rosen that she mainly sees herself as a crypto investor:

“I didn’t intend to become an influencer in the beginning. It came from a very organic place of having fun on Twitter and meeting people with a similar interest in shaking up ‘legacy finance’.“

Here a couple of examples of Arabian talking about crypto on social media platforms:

The next part of her interesting story is that although she managed to buy Bitcoin for as low as $6,700 back in 2020, since then she has become increasingly bullish on Ethereum to the point that she has mostly stopped investing in Bitcoin and other cryptocurrencies:

“The more I found out about ethereum’s smart-contract capabilities, I eventually stopped investing in bitcoin and solely focused on ether. I got very lucky early on investing in some other tokens, but I’m a big advocate for just sticking with ethereum since most people get burned on other tokens.“

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Featured Image by “vjkombajn” via Pixabay