With the rise of blockchain, the media are abuzz with speculation about the future of these networks. According to veteran trader and analyst Ian King, although doomsday predictions abound about a sudden crash, these technologies have only begun to run their course. In short, blockchain is here to stay. Read more about Ian King at Ideamensch.
[FEATURED IN FOX BUSINESS]
Facebook, Google and Amazon have all experienced some controversy this year – but that isn’t deterring investors.https://t.co/bBz8EbQeVJ#FOX #FoxBusiness #News #Cryptocurrency #Currency #PersonalFinance #Litecoin #Blockchain #Economy #SP500 #NASDAQ pic.twitter.com/hOJLSQqrvX
— Ian King (@IanKingGuru) June 7, 2018
One of the big problems, according to Ian King, is the chase for the “crypto-corn,” the blockchain equivalent to Amazon or Microsoft. He notes that we are seeing an explosion of currencies analogous to the dot-com boom, with Bitcoin’s market share dropping quickly in the past two years. To be sure, some investors managed to make hefty profits from buying Bitcoin at the right moment, the current explosion of currency and blockchain projects makes it hard to predict which investment has the best potential.
Ian King believes that some unicorns are out there right now and will eventually experience the rapid growth first by Bitcoin and then by Ethereum. He estimates that there are currently around 1,000 alt-coins, currencies seeking to get off the ground in a process similar to an IPO. He believes one of these alt-coins could be the currency that replicates the success stories of other blockchain wonders. Stay updated with Ian at Facebook.com.
Ian King began his career as a clerk at Salmon Brothers before moving into mortgage bond trading. He later left Salmon Brothers for Citigrouop to work on their credit derivatives trading team. After establishing his reputation, he moved on to Peahi Group, where King headed up the options trading department.
In recent years, Ian King has embarked on a new career educating investors. He is a frequent contributor to both Fox Business News and Investopedia, where he launched a complete course on crypto-currencies. He also writes for Seeking Alpha and Zero Hedge. In addition, he is an editor for Banyan Hill Publishing, where he publishes the Crypto Profit Trader publication and contributes to their other newsletters. In addition to his role at Banyan Hill, he runs his own content company, Intellicoins.