Ian King: Cryptocurrency Craze

Ian King is one of the members of Banyan Hill publishing company in charge of their popular cryptocurrency trading advisory board. He has over 20 years of experience working in the analysis of financial markets and is one of the few people poised to educate the masses on the new class of digital assets.

For the last several years cryptocurrencies have been a relatively niche market; however, this changed in 2017 is the class of assets known as cryptocurrencies grew explosively to a market capitalization of over $800 billion. While this is impressively large it still merely represents 0.3% of the world’s total market capitalization. This begs the question what is the future for critical currencies. According to Ian King Banyan traditional investors have been watching from the sidelines for far too long. Most of the gains have gone to the financial elite as they have done in two investment opportunities much earlier than the general public has. This is poised to change as cryptocurrencies or one of the most accessible investment opportunities for the everyday American. Learn more at crunchbase.com about Ian King Banyan

This new asset class has captured the attention of traditional investors as Goldman Sachs is now launching an institutional crypto trading desk. Ian King believes that this is signal to the fact that cryptocurrencies are here to stay and that there is more money now than there ever has been ready to  made. During the last quarter of 2017 numerous cryptocurrencies experienced explosive growth. Institutional investor money has yet to reach the markets which means that growth potential is still at an all-time high. Ian King believes that Bitcoin is essential to a diversified portfolio and that for a truly diversified portfolio one must invest in alternative cryptocurrencies as well.

In fact, Ian King is now looking at real-world applications of blockchain technology through the advent of smart contract platforms such as Ethereum there are now ways of dealing with problems that never existed in the past. For example, supply chain management will utilize the decentralized immutable ledger system enabled by new alternative cryptocurrency Vechain. This will allow supply chain managers to have instant access to all of their assets open to increase the efficiency of their entire supply chain system. This is just one of many applications being developed in the world to currencies is a blockchain ecosystem continues to grow every day. Ian King believes that this is a new asset class and one that is poised to generate massive returns.

Related: http://www.talkmarkets.com/contributor/Ian-King/

 

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