- Cryptocurrencies like bitcoin have become a global phenomenon
- China is a dominant player in bitcoin volume
- CIIX announces cryptocurrency education and trading subscription service
Bitcoin, the world’s first and most recognized cryptocurrency, recently vaulted to new record highs above $4,000. Valued around seven dollars five years ago, the digital currency has quadrupled in 2017, climbing by 40 percent in August alone (http://dtn.fm/Qs9KS). A $1,000 flyer five years ago would now be worth over a half a million dollars.
Cryptocurrencies have attracted a lot of attention in recent years. Seen as a novel trade by some, a safe haven by others, or a new currency with valuable underlying technology, demand for bitcoin and other cryptocurrencies is on the rise. The underlying blockchain technology of bitcoin and other cryptocurrencies has the potential to transform transactional business by transferring value anywhere around the world without the need for traditional intermediaries such as clearing firms or banks. The ability to transfer value solely through software could become a transformational breakthrough.
With rapidly increasing public interest in cryptocurrencies, ChineseInvestors.com (OTCQB: CIIX) just announced the launch of a new cryptocurrency education and trading subscription service (http://dtn.fm/E0Kwc). Since 1999, ChineseInvestors.com has delivered real-time market commentary, analysis, and education-related services in the Chinese language on its Chinesefn.com website, and it offers several types of subscription-based services. Headquartered in Los Angeles with offices in New York City and Shanghai, this specialized investment services company maintains a 100,000+ user base, providing consultation, advertising, and public relations services to China-based companies.
“Cryptocurrencies like bitcoin have become a global phenomenon,” Warren Wang, founder and CEO of CIIX, noted in a news release. “Since January 2015, the price of Bitcoin has increased 500% … and just spiked to a record high over $4,000 as US-North Korea tensions escalated. Likewise, ethereum has surged from less than $10 to more than $300 this year. With the use and trading of cryptocurrencies on the rise in Asia, it appears that a much wider adoption of digital assets may be right around the corner. With an estimated 85% market share, China is one of the dominant players controlling bitcoin volume… CIIX intends to provide fundamental knowledge to Chinese speaking newcomers to cryptocurrency, including straightforward explanations of the basics of cryptocurrency, how to buy it and straightforward trading guidelines.”
Expected to be extremely well received, CIIX’s new subscription service will provide news, analysis and insights covering all aspects of the cryptocurrency markets. This will give individual Chinese investors the opportunity to intelligently participate in the global cryptocurrency explosion. If the future is anything like the recent past in cryptocurrencies, it should be one heck of a ride.
For more information, visit the company’s website at www.ChineseInvestors.com
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