Ian King recently laid out the definition of “unicorn” companies and talked about how the term is used to describe unique companies that overcame the odds to become a billion dollar company. He also said that “unicorn” companies are not as rare as they used to be and that, in fact, there are at least 276 “unicorn” companies, and some of them include Dropbox, Pinterest, and Uber. While they have been extremely profitable, it is mainly rich investors or venture capitalists who have been able to profit from them. Regular investors would love the chance to be able to invest in companies like these from the start so they can make a decent profit, and this is where the “cryptocorn” comes into play. View more on Ian King at talkmarkets.com to know more.
Ian King has revealed that while bitcoin is the most well-known sort of cryptocurrency, it is really just the tip of the iceberg when it comes to these kinds of currencies. Etheruem, for example, is a cryptocurrency that saw a much larger gain than bitcoin over the last year, and speculation on what will be the next greatest cryptocurrency has caused the prices of many of them to go up dramatically. While bitcoin was alone as a “cryptocorn” just one year ago, there are now 41 blockchain driven enterprises that are worth more than $1 billion. People are referring to many of these as “Altcoins,” and investing in them is becoming the next great thing to be a part of. While there was only 64 altcoins as of 2014, there are now close to 1,400 of them.
Ian King knows that there will probably a few standouts among all of the available altcoins, and these could eventually become very valuable offerings in the long run. This might be similar to the dot-com bubble that occurred right before the year 2000, and while there might be some huge winners, many will simply disappear. There are more and more altcoins being born everyday, and who knows where it will all end, but those who play their cards right, might end up making a good amount of money during the rush.
Ian King is the cryptocurrency expert for Banyan Hill Publishing, and he has more than 20 years of experience with investing, trading, and working in the finance industry. He is a weekly contributor to the Sovereign Investor Daily and is now working on a crypto trading course that will surely help people to be more informed about this exciting new trading opportunity. Read more on Investopedia :https://www.investopedia.com/contributors/82716/