If you pay any attention to the world of cryptocurrency, you’ve probably noticed that the market has produced some amazing winners over the past couple years.
For instance, twice in bitcoin’s history, a preprogrammed event has taken place that caused its price to soar into the stratosphere.
I explained what this event, known as “the halvening,” is all about in Thursday’s MoneyWire. Basically, after bitcoin undergoes a halvening, the market receives half of the daily supply of new bitcoins. If supply drops and demand holds up or rises – and it will – prices increase. It’s simple economics.
In the months that followed the first halvening in November 2012, the bitcoin price rose 2,135%.
Look at this chart to see what happened to bitcoin following the second halvening that began on July 9, 2016…
Another halvening is in the works, slated to take place in a few short weeks. It’s a big reason I’m so bullish on cryptos right now… and why now is the time to get in position.
But as big as that is, there’s another crypto catalyst I’m even more excited about.
It has to do with what the industry calls altcoins – as in alternatives to bitcoin. You can think of these cryptocurrencies as unicorn startups (private companies valued at more than $1 billion) with a lot more room to run. They’re the future Zoom Video Communications (ZM)… Teladoc Health (TDOC)… and SpaceX – blazing an independent path alongside industry heavy hitters like bitcoin.
I’m even more excited about altcoins because some have done exponentially better than bitcoin following its halvenings.
After the first halvening, those who bought Primecoin, a lesser-known cryptocurrency, saw their investment soar 3,708% from July to November 2013.
After the second halvening, check out what happened to an altcoin called Verge. The crypto with a focus on online privacy shot up an unbelievable 1,362,400%!
In a 12-month span, that growth rate would have turned $5,000 into a staggering $68 million.
With that kind of money, you and your children and your children’s children would be set for life. You’d never have to work another day.
Another Chance at Massive Gains
As you can see, choosing the correct altcoin resulted in much larger payouts than just simply purchasing bitcoin. It all boils down to the way you should view the best altcoins – as some of the most valuable, most revolutionary computer programs ever created.
In 2017, the media was filled with stories of people who invested small sums in the cryptocurrency market… yet made enough money that they never had to work again!
We’re about to see a repeat of all that. What’s coming will be an extraordinary chance to “fast forward” your plans for reaching financial freedom.
It’s why I believe you absolutely cannot afford to miss my upcoming 2020 Crypto Millionaire Summit: Last Call on Wednesday, April 29 at 7 p.m. ET. I’ll explain all you need to know about the halvening. And I delve into what I see ahead for bitcoin and the choice altcoins.
P.S. The 2020 Crypto Millionaire Summit: Last Call happens on Wednesday, and I’d hate for you to miss this important information.
It’s an opportunity to make a high-reward, early stage investment – like investing in Microsoft (MSFT) or Alphabet (GOOGL) in the very beginning – and have the chance to turn a small amount of money into millions of dollars.
I’ll have all of the details for you, and it’s completely free. All you have to do is click here to register now.
Matt McCall’s MoneyLine Podcast
Click here to listen to Matt McCall’s MoneyLine podcast! This week, Matt argues which is the better asset class – gold or crypto. He also provides a complete overview of the market, including how it is holding up through the pandemic, and discusses the best way to profit amid the volatility. This is an episode you don’t want to miss, as Matt touches on a ton of stock tickers and much more.
You can subscribe to this podcast on iTunes, Stitcher, Spotify, or wherever you listen to podcasts.
Learn where Matt McCall sees
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