Back in November 2012, a change took place to the way bitcoin rewards miners for creating new coins and securing the network.
We talked about this hugely significant event yesterday. It’s called “the halvening” among industry insiders, and it happens about every four years. It is written into bitcoin’s “DNA” if you will – or its code base.
Essentially, the new supply of bitcoin dropped and the demand for it kept chugging along. In the months that followed, bitcoin’s price soared an amazing 2,135%, bringing a spectacular windfall to early investors who saw the importance of the halvening well ahead of time.
As I explained yesterday, we’re about to experience another bitcoin halvening in mere weeks… and all the potential profits that come along with that. It could easily be the first major investment event of the decade.
But there’s another, even bigger catalyst to cryptocurrency profits building on the horizon that you need to know about. It could make what happened to bitcoin and the market forces surrounding it during prior halvenings look like child’s play.
Let me show you what I mean…
The Lucrative World of Altcoins
If you’ve never heard the term “altcoin,” no biggie. It’s really a simple concept. Basically, altcoins are a class of cryptocurrencies other than bitcoin – alternatives.
They’re also smaller in terms of market capitalization. Best of all, they have the potential to outshine bitcoin when it comes to massive price gains.
I’ve said before that you can think of bitcoin like Apple (AAPL) with a legendary $1 trillion market cap… while altcoins are the unicorn companies of today growing faster than Apple could have ever dreamed – companies like Zoom Video Communications (ZM), Teladoc Health (TDOC), and SpaceX.
For example, over the same timeframe it took bitcoin to rise 2,000% after the first halvening, a cryptocurrency called Litecoin rocketed 7,483% higher.
Toward the end of 2015, bitcoin went on a 72% run. Not bad. Meanwhile, Ethereum, the second largest cryptocurrency by market cap, soared from $1 to more than $14 for an eye-popping 1,914% gain.
There’s a pattern I’ve spotted among that data. As past halvenings pushed bitcoin to new highs, they made small altcoins grow exponentially higher.
The Quickest Way to Get Rich
Now, if you’ve just read the headlines about altcoins, you might have heard them called a fraud or “fantasy internet money.” The truth is, some are frauds. But to write off all altcoins for this reason is like saying stocks are a scam because of Enron.
Skeptics like to point out that if we have bitcoin, why do we need the hundreds of other altcoins on the market?
I’m here to let you know that might be the single most expensive belief on the planet right now.
It could easily cost you $1 million in lost profits over the next 12 months.
Right now, there’s a fuse being lit under the altcoin market. This fuse will set off one of the largest explosions of wealth in modern history.
People who invest modest stakes in altcoins could make millions of dollars.
To truly understand the magnitude of this opportunity, at the end of the day, you need to know that these assets aren’t fantasy internet money. They are actually investments in one of the most valuable, most revolutionary technologies ever created: blockchains.
There’s a lot wrapped up in blockchain technologies, and the details get real complicated real quick. But a great way to think about them is to realize that blockchain technologies are just really valuable computer programs. In today’s world of social distancing, money is shifting online and into the digital space.
If you’ve paid attention to what has happened in the world and the stock market over the past 30 years, you should be ready to jump out of your chair and buy certain altcoins with both hands RIGHT NOW.
That’s because computer programs are the oil of the 21st century.
They are one of the greatest forces for wealth creation on Earth.
If that sounds outlandish, let’s look at the amazing facts right in front of our eyes…
- In 1986, computer program leader Microsoft (MSFT) went public. Shares are up more than 150,000% since then… turning every $10,000 invested into $15 million. Microsoft’s founder, Bill Gates, is the richest man in the world, worth over $100 billion.
- That same year, shares of computer program leader Oracle (ORCL) went public. Shares are up more than 93,000% since then. Oracle founder Larry Ellison is one of the world’s richest people, worth over $69 billion.
- In 1998, two young computer programmers, Larry Page and Sergey Brin, founded Google (GOOGL) and created the world’s most valuable search engine program. Both men are now worth more than $50 billion each. Their early backers, including Amazon (AMZN) founder Jeff Bezos, made billions as well.
When people wake up to the fact that altcoins aren’t fantasy internet money – or a wannabe version of bitcoin – there will be an enormous rush into this digital asset class.
Mainstream acceptance of altcoins as a serious investment vehicle will lead to a mass realization that cryptocurrencies are really just a new way to own the best software assets in today’s economy.
Cryptocurrencies are also getting a lot of attention right now with so much money being injected into economies around the world. In my new MoneyLine podcast this weekend, I talk about cryptos versus gold. You can listen and watch here.
As I said, some altcoins are indeed frauds, so you have to know what you’re doing… and you’ll have to be choosy to take full advantage of what’s on the horizon. We’ll talk more about that Wednesday night, April 29, at 7 p.m. ET at the 2020 Crypto Millionaire Summit: Last Call.
Thank you for registering. This special summit lays out the need-to-know details that could make you a crypto millionaire in 2020. Please mark your calendar now, and I look forward to seeing you then.