Ian King has been investing since college where he first had an internship with famous investment company Merrill Lynch. From there he experienced success in the mortgage bond trading department of Salomon Brothers and later went on to become the manager of a hedge fund in New York. Over time he grew bored of working on Wall Street and decided to begin creating his own publications on investment advice. Today he is most popular for his advice column for Banyan Hill Publishing Company, Crypto Profit Trader. Read this article about Ian King at Banyan Hill.
With the rise of the new asset class called cryptocurrencies, he has taken advantage of his investment and trading knowledge in order to educate the masses. He first invested in bitcoin in 2013 during one of the coins lowest value times. For every $1000 that was invested around that time Ian King was able to create $1.2 million as of 2018. He has invested in several other cryptocurrencies which have posted significant returns as well.
Now he has been speaking of a new trend in the investment communities which he has termed Cryptocorns. Cryptocorns is simply an amalgamation of the term cryptocurrency and unicorn. In the world of venture capitalism, a unicorn is a startup which quickly exceeds a $1 billion valuation. In the past with traditional companies startups which create this level of market capitalization are exceedingly rare. However, in the world of cryptocurrencies, the ability for a new coin to create evaluation in excess of $1 billion is becoming more and more common. While with typical companies there are only 275 around the world that fit this definition there are quite a few cryptocurrencies which could be considered a unicorn.
Bitcoin is by far the most popular and well-known cryptocurrency today with a market capitalization that has reached nearly $400 billion by the end of 2017. Bitcoin is not the only cryptocurrency though. In fact, today there are over 1000 other cryptocurrency projects. Some of these projects have created profits returns in excess of 1000%, and sometimes all the way up to 10,000%. Overall, the supply of blockchain technology does not meet the demand which causes the price of blockchain projects to skyrocket. Over the last year, the market capitalization of alternative cryptocurrencies to bitcoin has grown by 25,000%. In total, their market capitalization has grown from 2.2 billion to nearly 500 billion in a very short period of time. While it is impossible to guarantee profits by carefully analyzing the markets you can create significant returns. Follow Ian on Twitter.