Ian King Explains the Advantage the Cryptocurrency Market Has Over the Stock Market
What is a unicorn? Of course, it is a mythical animal. However, in the financial world, a unicorn is a company that is one of a kind in that it reached a value of one billion dollars not long after it started. Of course, nowadays, such companies are no longer so rare. Companies like Uber and Facebook are startups that are unicorns. People are creating startups all over the country. Many young people in Silicon Valley have started startups that soon reached a value of one billion dollars.
There is one problem with these startups, however. When they start, they are usually closed to the average investor out there. They are only open to venture capitalists. Everyone else must wait until the Initial Public Offering, at which point they may have missed out on the bulk of the profits that could have been made if they had the opportunity to invest in the company at the beginning.
That is the beauty of the cryptocurrency market, says Ian King. With cryptocurrencies, anyone can join in when a new company starts up. Initial Coin Offerings are offered before a company starts. This way, people can join the next Bitcoin.
Ian King has coined a new term: Cryptocorn. This refers to cryptocurrencies that have started out not long ago and already have a market cap that is extremely high. That is not so uncommon. Since anyone can join and invest in these companies before they start, the cryptocurrency market is open for everyone to make a lot of money. You do not need to be a venture capital company in order to invest in Initial Coin Offerings. All you need to do is learn about new companies and cryptocurrencies that are starting out.
Ian King says that there are already forty one blockchain companies that have a market cap of one billion dollars. Bitcoin is no longer the one and only player in the cryptocurrency field. Many innovative geniuses are coming up with new and improved blockchain technologies and are creating new cryptocurrencies. There is a lot of profit to be made if you would only look for it.
Ian King has two decades of investing experience. He is a well known financial analyst. He is the cryptocurrency expert at Banyan Hill Publishing.
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