The cryptocurrency industry has done wonders for investors. According to expert investor Ian King, the arrival of the cryptocorns is particularly impacting the way people invest their money.
You see, says Ian King, in the investing world, there is something that is known as the unicorn phenomena. In other words, this refers to companies that have made a lot of money and have risen in evaluation from nothing to over a billion dollars. This used to be very rare, but it is now more common, especially after the dotcom boom and the rise of many tech companies. For example, Facebook, Uber, and Airbnb are all companies that have achieved the status of unicorn simply by using technology. Read more at Release Fact.
However, the problem with these companies, says Ian King, is that the average investor had zero access to them when they were first introduced. In other words, only a few people with connections or with a lot of money were able to invest in these companies at the beginning, while others had to wait until later on. These companies did not offer the average person the ability to get rich quickly.
However, with the cryptocorns, it is a bit different. After all, anyone can invest in an ICO right from the start. There are many ICOs starting up at all times, and they are all open to the public, unlike the IPOs of many of the big tech companies. In other words, if you want, you can go researching and find a good ICO to join and then see how much money you can make. Of course, there is no guarantee that you will make any money, but the reality is that they are a lot more accessible to the average Joe than the major companies in the stock markets ever were.
Finally, make sure to do your research before you join any ICO, says Ian King. You have to take a good look into who the promoters are, what their plans are and if they have any plans in the first place. You should never join some random ICO without doing your research beforehand. Visit: https://cryptoprofitsummit.com/my-private-conversation-with-crypto-expert-ian-king/