Except for the United States,
China has produced more millionaires and billionaires than any other country. This well-heeled group has been increasingly investing in domain names as a safer, more dependable investment alternative to stocks. The shift is not unusual, since any time one type of speculative investment dries up (stocks, real estate, collectibles, etc.), investors seek substitutes. Think about the
Macau gambling crackdown of 2014. The cash reserves at Asia’s biggest gaming hub did not just disappear; instead, Las Vegas saw a
Baccarat surged over 85%...