Ian King Banyan Explains Why Bitcoin Will Thrive

Ian King Banyan is an entrepreneur and experienced crypto trader. He has over 20 years of experience analyzing stock markets and trading. He is passionate about the cryptocurrency industry and contributes on trading on the cryptocurrencies. Ian King developed a program to guide and advise traders on cryptocurrencies such as ripple, bitcoin, and Litecoin among other assets. He joined Banyan Hill Publishing to assist readers with current issues about the crypto market. Ian is a weekly contributor at Banyan helping readers on daily developments on cryptos.

Ian is also working to introduce crypto course, especially on trading. In addition, he aims to offer investment advisory to readers. He is a contributing editor at Banyan and a graduate from Lafayette College with a degree in Psychology.

Learn more: https://www.crunchbase.com/person/ian-king-4924

Why Bitcoins Will Thrive & Grow

Despite the recent setbacks affecting bitcoins and crypto assets, the crypto market will continue to grow. Bitcoin utilizes a decentralized ledger to carry out transactions on a unique network. The success of bitcoin comes from its capability of creating a system with users from around the world who are interested in transacting on the platform and store information. The rate of growth of the cryptos will determine the future prices of the cryptocurrencies.

Bitcoin as any other assets has experienced ups and drops in prices. Nevertheless, with more people adopting bitcoin every day, it will continue to grow. Around the globe, 23M wallets are looking to trade on only 21M bitcoins. Within a short period, the wallets across the world will rise to involve around 5 Billion people who have internet access.

Ian King observes that the speculation surrounding the rise of prices motivated some new traders on bitcoins whereas others sought to store the value from the domestic currency. In past few months, new crypto trading apps including Coinbase has simplified access to trade on bitcoins for the new users. The rise in the price of bitcoin to over $10,000 convinced many people to join the trade and hold bitcoin. Currently, bitcoin is a digital currency competing with some of the most significant coins in the world, which was unimaginable ten years ago.

Bitcoins is one of the most known digital assets on the market today. Another is ethereum, which has risen by 12,822 percent. However, investors have started investing in different other blockchain tech applications. The speculation about investors initiating various projects on blockchain tech has caused drops in prices. The entrants and growth of other blockchain projects such as Litecoin, Ethereum, and Ripple among others lead to fall.

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