- Warren Wang, CEO of CIIX, noted in podcast interview that company plans to eventually expand its network of bitcoin ATMs to Vancouver and Toronto
- Company intends to offer its Bitcoin Trading Academy courses online to Asia, including Malaysia, Indonesia, Taiwan and Hong Kong
- Wang remains passionate about bitcoin, predicts that it will rise in value to as much as $1 million; he cites supply and demand as factor in projected increases
ChineseInvestors.com, Inc. (OTCQB: CIIX) CEO Warren Wang said in a recent SmallCapVoice interview that he expects to expand CIIX’s previously announced ATM network to eventually include the Canadian cities of Vancouver and Toronto. Focusing on international growth, he also announced that the company will offer its Bitcoin Trading Academy online courses in Asia to reach a larger audience (http://nnw.fm/7su9k).
Wang said that he remains optimistic about the value of bitcoin, predicting that the cryptocurrency will increase to a price of $200,000 to $1 million in the future. To justify that, he juxtaposed the 1.4 billion-person population of China versus the capped supply of just 21 million bitcoin (http://nnw.fm/6aaSl). Imagine the demand, Wang said, if everyone living there wanted just one Bitcoin compared to this available supply. He also asserted that the Chinese-U.S. trade war may result in a shortage of U.S. dollars on the Chinese mainland, and bitcoin could then rise if the Chinese population sees it as an alternative asset to be acquired.
CIIX offers a comprehensive suite of educational services focusing on cryptocurrencies. It includes its own NewCoins168.com website, a daily live broadcast from the NYSE, a licensed podcast translated into Chinese and a cable TV show. It also mines with its own ASIC machines and AntMiners for bitcoin and other cryptocurrencies at a data center near Seattle (http://nnw.fm/Kzq7J). CIIX expects to issue its own ICO in the second half of 2018 or in 2019, issue currency and create a virtual investment ‘ecosystem’ for Chinese investors (http://nnw.fm/V3cyv). CIIX’s primary revenue streams have been from subscriptions and investor relations.
“We are looking to expand into Vancouver and the Toronto area down the road,” he said of the bitcoin ATMs, focusing on Chinese-concentrated communities. Both cities have large Chinese populations. In Vancouver, Chinese make up the second-largest ethnic group at 27.7 percent of the population, according to the 2011 Census (http://nnw.fm/lmKL4). In Toronto, Chinese represent the second-largest ancestry group at 12 percent, according to the same census (http://nnw.fm/u5JBq).
In terms of education, Wang discussed CIIX’s Bitcoin Trading Academy division and revealed that courses would be offered online internationally in the near future. “We are going to offer courses in Asia to Malaysia, Indonesia, Taiwan and Hong Kong,” he said.
For more information, visit the company’s website at www.ChineseInvestors.com
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