Ian King is a cryptocurrency expert. Now an editor at Banyan Hill Publishing, King worked as a trader on Wall Street for 20 years and has bought and sold bitcoin and other types of cryptocurrency for almost a decade. These days, through his Sovereign Investor Daily column, his focus is on using clear, simple language to teach the average mainstream American what cryptocurrency is and how they can make money investing in it. King points out that while most people have heard about cryptocurrency, few understand or have invested in it. So early adapters still can still make money with it.
A New Jersey native, Ian King has a bachelor’s degree in psychology. Initially, his goal was to become a psychiatrist. But after earning his degree in the mid-90s Merrill Lynch offered him an internship and King accept it. Soon afterwards he worked in the bond trading department at Salmon Brother. He moved on to Citigroup where he dealt with credit derivatives. Ian King later spent 10 years at New York based equities hedge fund Peahi Capital and eventually became their head trader. When he saw the potential in cryptocurrency, he left and founded a firm through which he provides crypto speculators with information and advice. View stocktwits.com for more info.
It was in 2002 that Ian King’s interest in cryptocurrency was piqued and he began doing research into it. When the financial crisis ended and interest rates were lowered to zero by the Fed, King started thinking about digital money. A meeting with a Silicon Valley startup focused on e-currency and digital money in 2012 made his interest in cryptocurrency grow even more. Soon, Ian King was buying, selling and trading cryptocurrency and making lots of money. He had become a real-life cryptocurrency trader. And now, through Banyan Hill, he is teaching people how to profit from this new medium of exchange.
Digital assets like bitcoin, Litecoin, Ripple, Monero and many others are still in their infancy, Ian King explains. He points out that people who bought cryptocurrency in the past six months have gained a 500% return on their investments. King says over the summer Filecoin, a new project, raised more than $200 million and people are making money through crypto assets like the platform IOTA. According to Ian King Banyan, cryptocurrencies, a crypto assets subclass, is a new technology that’s only its first iteration. Savvy investors would be wise to get in early. Visit: http://www.talkmarkets.com/contributor/Ian-King/