Cryptocorns Are The Next Digital Currency Billionaires, Ian King Reveals

“Cryptocorns,” a term adapted from the financial sector’s “unicorns” moniker for startups that have reached $1 billion capitalization is going to be a lot more common in the new blockchain financial sector, says Banyan Hill Publishing cryptocurrency expert, Ian King.

The slightly more than 275 startups worldwide that have achieved unicorn status comprise nearly $1 trillion in current valuation and that from initial investments in the $200 billion range. These familiar brands include Dropbox, Uber, Pinetrest and Airbnb.

In the crypto world there are approximately 40 blockchain-based projects that have reached the $1 billion value mark. Just this past year, bitcoin held the sole cryptocorn status.

Behind this rapid expansion Initial Coin Offerings, ICO, have given private investors access to these exponential investment returns.

An ICO embodies a new technology, service, product, etc., that is tied to a blockchain transaction ledger, providing the business a way to raise capital for their project and at the same time giving investors a currency that can be exchanged for increasing value as the company matures. The alt coins created by the ICO are exchanged for some other crypto or traditional currency. Read more about Ian King at for more updates

ICO returns can be overwhelming, he notes. He points out that bitcoin’s nearly 1500 percent gain was impressive enough, but adds Ian King, for the same one year period, the alt coin known as ethereum posted a 12,800 percent growth on its original valuation.

The appeal of the ICO instrument is especially attractive to private investors. Ian King shares that there was no comparable means for private individuals to get access to early startup investments just a few years ago.

Estimating that there are approximately 30 million wallets allowing for storage and transaction of cryptocurrencies, Ian King drops his estimate to approximately 10 million unique bitcoin owners, taking into consideration that most crypto users own more than one wallet.

As several recent events involving ICOs demonstrate, the demand for these alt coins can exceed the current technological and compliance capacities of the exchanges offering them. Three major Asian exchanges were forced to suspend operations involving new users. The Chinese Binance was processing 250,000 new accounts each day when this suspension was issued.

King shares that whereas large startup gains were solely accessible to venture capitalists, Silicon Valley insiders and major financial institutions, crypto assets levels the playing field, giving anyone with a cell phone access to the next Google or Amazon.

Where all this is heading King observes, is towards a cryptomania, the likes of which will far exceed what investors saw with the dot com bubble of the late 1990s.



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