Banyan Hill has welcomed Ian King as their expert in cryptocurrency. He has previously established a firm to advise and educate speculators in cryptocurrency. His expertise and experience enable him to make recommendations and predictions with a high rate of accuracy.
Last year bitcoin surged 1,500 percent. This led the experts to believe bitcoin was nearly the end. Ian King disagrees because most people neither understand or own bitcoin. He has stated 2018 represents an excellent opportunity for bitcoin. Nine years ago cryptocurrency was a very small project. Today it represents a global phenomenon. The new technology is being integrated by governments and corporations. Read more about Ian King at Crunchbase.
Ian King acknowledges the possibility cryptocurrency may eventually replace the middleman regarding governmental and banking transactions. He says the risk of loss is much lower than just two years previously. Purchasing and selling bitcoin is much easier due to the current apps available. YouTube has been replaced as iTunes most downloaded app by Coinbase. The investors can exchange dollars for Litecoin, Bitcoin Cash and Ethereum with a few taps and swipes.
The value and ease of cryptocurrency has been a topic for Ian King. Bitcoin can be purchased while watching a soccer game or sitting on a couch. The market never closes. There are approximately 30 million open bitcoin wallets. This represents roughly 10 million people. Three million wallets contain in excess of $1,000 in bitcoin. An additional one million contain in excess of $10,000 in bitcoin.
Wall Street is beginning to get involved in the cryptocurrency market. Bitcoin futures were launched in December by both the Chicago Board Options Exchange and the Chicago Mercantile Exchange. This helps the functionality of the markets. A trading desk for institutional crypto is being launched by Goldman Sachs. This signifies cryptocurrency will remain.
The crypto world has gone mainstream during the last couple of months. The entry barriers have disappeared. The potential of cryptocurrency has been noticed by the most savvy of investors. Ian King firmly believes the gains in the cryptocurrency market are going to increase. This is why he has stated the end of the beginning is now in the past. He does not believe the remaining question is if bitcoin will become necessary for a diversified portfolio. He believes the right percentage should be present in every portfolio. He feels the investors must choose which crypto assets are best suited for their investments. He plans to help the investors for 2018 and into the future. Read:https://banyanhill.com/bitcoin-expert-ian-king/