Ian King considers himself well versed in cryptocurrency trading. Mr. King is an entrepreneur, and a preeminent cryptocurrency trader. King has over twenty years of experience in the areas of analyzing and trading in financial markets.
As a passionate contributor to Investopedia on the subject of cryptoassets, Ian King Banyan has developed a groundbreaking program for investors to navigate cryptocurrency like Bitcoin (BTX), Litecoin (LTC), Ripple (XRP), Monero (XMR), and more. King noted that he was fascinating with the subject of digital assets, especially toward the end of the financial crisis, when the Federal Reserve had lowered the rates to zero. Read This Page for additional information.
Regarding Ian King’s educational foundation, he earned a bachelors degree in psychology. He also procured an internship at Merrill Lynch during the mid-90s trading boom. Mr. King worked for Solomon Brothers on Wall Street, and later for Citigroup in the area of credit derivatives. Mr. King has also worked as the head trader at an equities hedge fund. Moreover, Ian King also enjoys contributing writing pieces for Banyan Hill Publishing.
Mr. King Banyan noted in one of his published pieces that “cryptocorns,” or a venture capitalist’s take on the “unicorn,” is used to describe the rarity of a startup company to achieve a $1 Billion valuation. The startup-based “unicorn” or “cryptocorn” was just Bitcoin, in 2017. However, in 2018, 41 blockchain-related projects existed, totaling over $1 billion in “cryptocorn” valuations, according to Ian King. Learn more at crunchbase.com
King also mentions that Bitcoin’s valuation has taken a cut, based on the introduction of “alt-coins” like Ethereum, Ripple, Litecoin, and Bitcoin Cash to the cryptocurrency scene. While Bitcoin produced close to a 1,500 percent gain over the last year, Ethereum, which is a decentralized platform, skyrocketed almost 13,000 percent, in the same time period as Bitcoin’s drop. The Ethereum platform was hatched by Vitalik Buterin in 2013, when Buterin was a 19-year-old. Ethereum has been the foundation for the hatching of 1,000 new blockchain initiatives. New blockchain initiatives may result in a new named cryptocurrency, or a different flavor in terms of that cryptocurrency niche.
The hot new investment instruments in the cryptocurrency investment space for altcoins are initial coin offerings, or ICOs. King also mentions that these ICOs are a mix of venture capital and an initial public offering for stock market funds. But, with the gold-rush of ICOs, King speculates that there will be a lot more duds, than winners. You can learn more about Ian King Banyan by visiting:https://iankingguru.com/