Ian King: There Is Still Room for Growth in the Cryptocurrency Market

Ian King is one of the leading experts on cryptocurrency trading. He was recently recruited by Banyan Hill Publishing Company whenever they were looking for an expert on the new asset class which is known as cryptocurrencies. In their search, they were looking for an individual who had both experience in the new asset class as well as experience as a professional trader on Wall Street. Ian King originally received a bachelor’s degree in psychology before entering the finance industry. He has worked for both Salomon Brothers, at their mortgage bond trading department, as well as the large banking entity Citigroup. Today he is the lead editor for Crypto Profit Trader a publication on cryptocurrencies by Banyan Hill Publishing Company. Learn more about Ian at Crunchbase.

Ian King has posted numerous articles on the benefits of blockchain technology and bitcoin. Over the last several years the price of bitcoin has increased dramatically to a peak in January of nearly $20,000 a coin. It is now trading just under $9000 a coin which may seem like a significant decrease, but whenever you consider that only one year ago the coin was still trading under $1000, apiece it becomes quite obvious that it has still experienced significant growth in a very short period of time. This has led many people to call the asset a bubble.

Ian King Banyan believes quite to the contrary and states that this is only the beginning for cryptocurrency markets. The reason that he believes this is that while a lot of people have heard about bitcoin very few people own it and even less understand it. He believes that in 2018 we will experience a tipping point in which the value of a product or an idea begins to spread like a virus amongst the general population.

In 2017 the total market capitalization of cryptocurrencies grew from $18 billion to over $600 million. Just over nine years ago cryptocurrencies were absolutely minuscule. Today corporations and governments around the world are beginning to hire experts on blockchain technology in an effort to develop new ways to utilize the technology. Ian King believes that as the technology grows, it will become easier for everyday individuals to begin trading. Ian King believes that only around 10 million people around the world currently own any amount of bitcoin. This means that there is still significant room for growth in the industry. Institutional investors have yet to penetrate the market which means there is still huge sums of money that have yet to enter. Read more: http://www.talkmarkets.com/content/how-to-beat-the-crypto-scammers?post=164534