Why Ian King Thinks The Bitcoin Will Continue To Rally In 2018

Ian King has spent over 20 years as a professional trader. He has worked for three financial industry companies; Salomon Brothers, Citigroup, and Peahi Capital. As an entrepreneur he founded Intellicoins which is a company that educates other investors about cryptocurrency.

Ian King is now a contributor editor for Banyan Hill Publishing where he lends his expertise on these types of digital currencies. He is a graduate of Lafayette College in New York City and holds a bachelor of science degree in psychology.

As Ian King points out, Bitcoin had an amazing run in 2017. It was up by over 1,500%. This led many cryptocurrency experts to declare that the rally was over and the end of bitcoin was near. King, however, thinks that’s a mistaken belief. He says it’s not the end of Bitcoin and, in fact, the cryptocurrency market overall is just getting started. Ian King thinks that 2018 is a great time to start investing in Bitcoin and some other e-currencies.

Bitcoin was created in 2009. It was started by cryptography programmers who were libertarian in nature. It is now a global phenomenon and is traded by people in many countries. It’s not just individuals that are interested in digital currencies as companies and governments are also hiring programmers who are blockchain experts.

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Today, trading Bitcoin and other cryptocurrencies is much easier than in the early years as apps like Coinbase have been released on tumblr.com. This has opened up the market to new traders which is the lifeblood of growth in a market. Ian King says that apps like Coinbase means making trades can now be easily done from anywhere at any time.

The two most popular apps on the iTunes store have been Coinbase and YouTube. Coinbase recently took over the number one spot. This means that many more investors are beginning to get involved in the cryptocurrency market. Ian King says that Coinbase can trade many more digital currencies than just Bitcoin, such as Litecoin and Ehtereum.

Ian King says that there are 30 million Bitcoin wallets but due to some people having multiple wallets there is likely around 10 million people trading this currency. He points out that there is also $215 trillion in total global assets while the entire cryptocurrency market is about $800 billion. This leaves plenty of room for these currencies to grow, he says. As more and more investors open accounts these currencies are sure to increase in value.

Find more about Ian King: https://www.investopedia.com/contributors/82716/