Banyan Hill publishing company recently acquired successful hedge fund manager Ian King to help create a new column for advice on the investment in cryptocurrency assets. King has over 20 years of experience in the financial industry working for various organizations from the Salomon Brothers to Citibank. During this time he has seen significant investment in technology having been a part of the Dotcom bubble during the late 90s. Using this expertise, he is now in charge of the creation of being Hill publishing’s cryptocurrency advisory column.
Ian King Banyan describes cryptocurrencies is fundamentally changing the nature in the way that values exchanged between individuals. Up until now, transactions have built upon a foundation of trust and economies have only thrived when individuals can trust each other. In the past, for transactions to occur in intermediary need to be present to oversee transactions. The advent of blockchain technology is changing this as smart contracts are able to be programmed in a way that users can transfer value amongst each other safely and securely. It is publicly known and completely immutable. The exchange of value on these decentralized networks eliminates the need for trust. This is illuminated the fees is typically associated with banking systems. Read this article at investopedia.com about Ian King Banyan
To say the least, cryptocurrency is a uniquely attractive asset class that creates special opportunities for early investors.#Cryptocurrency #Currency #Crypto #Bitcoin #Ethereum #Litecoin #Entrepreneur #InternalAnalyst #Banyanhillhttps://t.co/ej8yWVIEEM pic.twitter.com/xS3KwpKow2
— Ian King (@IanKingGuru) March 15, 2018
Cryptocurrencies of the most popular form of the new investment class of crypto assets but they are only the first generation of this new technology. New crypto assets such as Filecoin, which is allowing individuals to share computer storage over the blockchain, has managed to raise over $200 million in venture capital funding. Another exciting crypto asset known as IOTA is a platform that allows the exchange of value in the Internet of things. This has implications of such as your car ordering repair parts for itself or your kitchen doing your grocery shopping for you.
Ian King believes that father has been explosive growth in the world of cryptocurrencies over the last year if the Dotcom bubble is anything to be learned from we are still at the very beginning stages of this new industry. As institutional money hascan be still yet to thoroughly saturate the crypto markets the end of the crypto bubble is still years away. However there is one peculiarity about this bubble, it’s the fact that Wall Street is actually late to it. This is the first in history as typically the financial elite are the ones who are early two investment opportunities. This is caused cynicism from Wall Street simply because they have not been able to understand the new technology.
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