Have you been invited to the Crypto Millionaire Summit but are wondering whether it is worth attending?
A good number of investment analysts are telling people to reconsider investing in cryptocurrencies following past events where they went through a period of explosive growth before the inevitable implosion and the Crypto Millionaire Summit shares how.
In this honest review, I go through what you can expect Matt McCall to cover during the event.
Read on to get all the information and my honest opinion.
Before I start…
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Crypto Millionaire Summit Review
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Introduction to Crypto Millionaire Summit
The Crypto Millionaire Summit is an event in which Matt McCall of InvestorPlace reveals his new cryptocurrency investment strategy.
Unless you have been ignoring the news for the past five years, you know what cryptocurrencies are. You know that they are not just revolutionizing our payment systems but they are also viable investments that are making people rich.
Bitcoin, the most recognizable crypto, has seen its market cap rise to over $100 billion.
Since most cryptocurrencies peaked in 2017, they have witnessed a general stagnation after the famous correction thus making investors apprehensive about their viability.
However, Matt brings to our attention an event that is bound to trigger explosive growth in a wide range of cryptocurrencies.
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Who is behind Crypto Millionaire Summit?
Matt McCall is the cryptocurrency expert at InvestorPlace and the man behind the Crypto Millionaire Summit.
He claims to have been one of the first financial analysts to recommend Bitcoin in the mainstream media before the 2017 highs.
Bitcoin and crypto’s in general are definitely on investors radars again in 2020. Other analysts like Tom Gentile and Ian King have also urged us to venture into cryptocurrencies. Known crypto advocate Teeka Tiwari (from Palm Beach Research Group) also recently shared his prediction of 5 coins to 5 million.
Matt McCall launched his career in the finance industry working as a trader – he, at one point, worked at Charles Schwab.
He is no stranger to TV… In addition to making guest appearances on Fox Business, CNN, and Bloomberg TV, he once co-hosted a daily investment show on Fox Business Network.
He is also an author and the founder of Penn Financial, a wealth management firm that handles the investments of wealthy individuals.
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How does Crypto Millionaire Summit Work?
Before Bitcoin grew in value, it was an ordinary digital currency that didn’t hold much value. You could have bought hundreds of Bitcoins with a modest investment.
However, one of its intrinsic properties (literally embedded in its code) led to it becoming one of the most valuable investments in the past few years. This property is known as the halvening.
The halvening happens every couple of years. To understand how this works we need to revisit the fundamentals of cryptocurrencies:
Bitcoins were created to reward “miners.” Miners are programs that verify blocks of transactions in the Bitcoin blockchain. They do so by solving complex computer puzzles; computations that demand immense computing power. The miners’ actions help secure the blockchain.
There are a finite number of bitcoins that will ever be mined, 21 million coins to be exact. The number of coins miners receive for their work is set in the code… but it decreases every couple of years as the number of mineable bitcoins dwindles.
For example, as of writing this, miners receive 12.5 coins for mining a block. Within a few years, it will be halved to a little over 6 bitcoins, then after another few years, it will halve to 3 bitcoins and do on.
As the number of mineable bitcoins paid out to miners falls, the demand for them rises. This leads to increases in price.
This happened in the first halvening in November 2012 when the reward went from 50 coins to 25. The second halvening in 2016 dropped the reward to 12.5 coins.
The next halvening is expected to happen in 2020 (following the four-year gap pattern between the previous two halvenings, I suppose). It will reduce the number of Bitcoins leading to another surge in price. A contributor at Forbes even believes Bitcoin could hit $50,000 in 2020.
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The Growth Potential of Altcoins
Besides Bitcoin and other well-known cryptos like Ethereum and Litecoins, there is a different category of cryptocurrencies called Alternative coins, or Altcoins.
Altcoins are not as prominent as established cryptos. To understand this, think of Bitcoin as a blue-chip company like Amazon, and Altcoins as a unicorn company that has a lot of growing left to do.
That explains why altcoins have greater growth potential than Bitcoin if the halvening happens.
That being said, you have to carefully select the altcoins to invest in to avoid the ones that have low growth potential and those that are excessively volatile.
During the Crypto Millionaire Summit, Matt McCall educates people on the significance of the halvening event and the altcoins that are worth investing in.
To access it, you can register using your email. Registration is free of charge.
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Is Crypto Millionaire Summit Legit?
Crypto Millionaire Summit is Legit.
Whatever your opinions are of Matt and InvestorPlace, you cannot deny that they are credible.
They have impressive track records and may have provided investors with good investment advice in the past.
Some of their most recent predictions include the Keystone Technology and Royal Gold of Marijuana.
However, we should distinguish between past successes and future results.
I cannot guarantee you that Matt’s predictions will be accurate because nothing in investing is ever guaranteed.
One thing I will mention though is that Matt’s advice is to invest in legitimate cryptos and I agree with that.
On numerous occasions I have exposed schemes that are operating as MLMs using crypto as their form of payment like OPM Wealth (these I always say to avoid).
Pros of Crypto Millionaire Summit
- If Matt is right and “the halvening” happens, you will be glad to have been an early investor as returns could hit historic highs.
- Altcoins for all their volatility offer average investors the wealth-creation potential (in a short period) that most other investments don’t.
Cons of Crypto Millionaire Summit
- Matt may be wrong thus leading you to a bad investment – or an investment that is not as explosive as he makes it out.
- Altcoins are extremely volatile, and risky. With volatile investments, you are in danger of losing your entire investment very quickly.
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Crypto Millionaire Summit Verdict
We have seen all kinds of predictions telling us that cryptos are about to surge very soon and how the new price spike will rival the highs of 2017.
For example, in a recent review of Michael Robinson’s Bitcoin 2020 Masterclass, he claimed that the new surge will be driven by demand from institutional investors as they finally realize that cryptos are worth the punt.
We have seen other analysts tell us that tighter government regulation will drive more investors into the digital currency market.
Going back to the Crypto Millionaire Summit and Matt McCall’s prediction of the next halvening, only time will tell whether he is right.
In the meantime, do not take his advice at heart without scrutinizing it.
Do not act on your fear of missing out and commit your entire savings account to crypto investments because it could end badly.
A sensible investment though (that you are 100% willing to lose) is the best approach and something I have personally done.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
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(This is a 100% free training)
Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.
After reviewing 1000’s of programs, he knows what works and what doesn’t: