By Matt McCallJan 05, 2020
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 (BTC) 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 last Thursday’s MoneyWire. Basically, after bitcoin undergoes a halvening, the market receives half of the daily supply of new bitcoins. If demand holds up – and it will – prices rise. It’s simple supply and demand 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 this year. It’s a big reason I’m so bullish on cryptos right now.
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 – the future Uber Technologies (UBER), Airbnb 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 would be set for life. You’d never have to work another day in your lives.
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. 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 happens on Tuesday, 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 Google (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.
Click here to listen to Matt McCall’s MoneyLine podcast! This week, Matt discusses Thursday’s drone strike that killed a top general in the Iranian military, which sent stocks lower as safe haven investments rallied. Then, he looks ahead to the next 10 years – what he is calling the Roaring 2020s. One sector poised for a big transformation is transportation. Finally, learn about investing in electric vehicles and self-driving cars.
You can subscribe to this podcast on iTunes, Stitcher, Spotify, or wherever you listen to podcasts.
The car as we know it is on the verge of a transformative change not seen since Karl Benz invented it nearly 135 years ago. In fact, the whole transportation sector is now poised for its version of 2.0.
I’m not exaggerating when I say this will lead to trillions of dollars in money sloshing around in the coming decades. What is coming will create one of the five biggest investment opportunities you’ll ever see in your life, no matter when you were born. Learn more here.
Marijuana has been outlawed most everywhere for decades… but now a wave of legalization is starting to sweep the world. This will create massive new markets and massive stock market winners. Learn more here.
The next big breakthrough in battery technology is an innovation that will have multi-trillion-dollar economic implications. I can tell you this mega innovation isn’t a matter of “if,” it’s a matter of “when,” and I believe it will go down as one of the greatest inventions of the 21st century.
Those on the right side of this innovation stand to build incredible wealth… just like people did from the creation of the internet and the smartphone. Think of this as your “field guide” for profiting from the next big battery breakthrough. Learn more here.
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