On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

ChineseInvestors.com, Inc. (CIIX) CEO Remains Bullish on Bitcoin and Other Cryptocurrencies

  • Warren Wang, CEO of CIIX, said in a podcast interview that investors in China and the Chinese-speaking community in the U.S. and Canada want to learn more about bitcoin, cryptocurrencies
  • CIIX doubles down on commitment to its bitcoin division, adding a bitcoin ATM in its California headquarters and broadcasting a daily video from the NYSE called ‘Bitcoin Multimillionaire’
  • Company’s goal in FY2018 is profit, lower costs and a greater than 100 percent YOY sales increase

ChineseInvestors.com, Inc. (OTCQB: CIIX) CEO Warren Wang remains bullish on the future of bitcoin and other cryptocurrencies, and he recently said in a podcast interview that the Chinese-speaking community worldwide is eager to learn more about buying and managing digital currencies. Despite China’s ban on trading cryptocurrencies on a regulated exchange, he noted, many Chinese investors are buying and selling them on unregulated offline platforms.

In an interview with the Bad Crypto Podcast (http://nnw.fm/oO7WI), Wang explained that the Chinese investor is an important target for cryptocurrency entrepreneurs. “The Chinese investor is an advocate of gambling,” he explained. “Most today trade bitcoin and other cryptocurrencies on the offline market. The Chinese-speaking people within China and also in North America — the U.S. and Canada — are excited about bitcoin.”

CIIX recently hosted and installed a Bitcoin ATM in the lobby of its San Gabriel, California, headquarters (http://nnw.fm/VIa3n). Wang called it the first ever by a Chinese company in the U.S. The company also recently attended a Toronto cryptocurrency roadshow and educational seminar on how to buy, sell and manage these coins, he noted in the interview. CIIX has doubled down on its commitment to bitcoin. It produces a daily video from the NYSE called ‘Bitcoin Multimillionaire’ focused on news of the currency (http://nnw.fm/Lfrx8).

The company addresses Chinese-speaking audiences worldwide on the subject of investing in bitcoin and other cryptocurrencies, and now, with the ATM, it is actively involved in their trade. Wang has set the goals for CIIX in FY2018 as profitability, lower costs and greater than 100 percent year-over-year revenue growth (http://nnw.fm/Q9zhQ).

Wang said that despite the lack of a regulated Chinese exchange to trade cryptocurrencies and the Chinese government’s ”badmouthing” of bitcoin though its official TV media outlet, there is a great desire by the Chinese-speaking people within China and North America to buy, sell and trade bitcoin.

“Real estate is very expensive and so are labor and rents in China,” he said. “Investors have a high savings rate. They now would like to make bitcoin and other cryptocurrencies part of their assets. They are trading offline on platforms of decentralized exchanges to do so.”

He advised entrepreneurs within the industry to be patient while the Chinese investment community learns about issues like the digital wallets used for buying, selling and managing bitcoin. “The average Chinese investor may have up to $5,000 to invest in these currencies,” he said. “But be patient.”

Wang said that, in the future, China may organize a regulated market for the trading of cryptocurrencies in order to keep monies involved in that trading within China. “But, until now, this has not happened,” he concluded.

For more information, visit the company’s website at www.ChineseInvestors.com

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Archives

Select A Month

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217