What Is The Crypto Millionaire Summit?

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Cryptocurrencies are on every investment analysts’ agenda these days. Everyone all of a sudden knows what cryptos will be the next Bitcoin and where you should divert your money to mint a fortune.

When I encountered Matt McCall’s invitation to his summit, I was curious to see what he meant by “a once-in-a-lifetime event” that could generate “4 million in just 4 weeks.”

I decided to study his general cryptocurrency strategy and the facts he provided to see whether he is worth paying attention to.

I wrote this review to share my findings and give you an overview of what the summit is all about.

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Table of Contents

What is Crypto Millionaire Summit?

The Crypto Millionaire Summit by Matt McCall was held to share his cryptocurrency investment strategy in 2020 and beyond.

“Cryptocurrency” has been a bit of a buzzword in the investment circles since 2017 when Bitcoin peaked at staggering highs. People and companies have been turning to them as an investment opportunity.

Ever since it has been a volatile market for the most part. Nevertheless, that hasn’t stopped Bitcoin from hitting a market cap of over $100 billion.

Matt is implying that although the correction that followed the crypto boom eroded most investor’s money, you can make a lot of money if you time the next boom.

Coincidentally, he says that there will be an event that will happen in the cryptocurrency market that will push most cryptos in the market to new highs.

Before we learn what that entails, let’s take a closer look at the guy behind the presentation.

Who is Matt McCall?

Matt McCall works for InvestorPlace, as a newsletter editor. He provides a variety of investment advisories through the publisher, including Investment Opportunities, Early Stage Investor, Cannabis Cash Weekly, Ultimate Crypto, and a free e-letter called Money Wire.

He gives investment advice covering more than one industry: Other than cryptocurrencies, he also advises people on how to invest in the Cannabis industry. He also analyzes growth stocks.

He has been on TV as a commentator for Fox Business, Bloomberg TV, and CNN. He even used to co-host a show on Fox Business Network that was about investing.

He is the founder of Penn Financial Group, a company that offers investment advice. It also offers a variety of services, including portfolio management, 401K management, and ETF portfolio management.

What does Matt discuss at the Crypto Millionaire Summit

Matt notes that before the crypto boom, most traders and institutions didn’t seriously consider cryptocurrencies as a viable investment. With a small amount of money, you could easily have bought a large number of Bitcoins. But things changed after the boom.

To understand the investment opportunity that Matt is touting, we should first understand how Bitcoins work.

Miners and the essence of Bitcoin

Bitcoin is based on a blockchain framework. The crypto was created to reward miners that verified transactions on the blockchain.

Verifying transactions involves solving complex computations that require large amounts of processing power. Since the verification process is vital to the essence of the blockchain, miners (programs that solve those computations) are rewarded with Bitcoins.

There is a limited number of Bitcoins that will ever be mined. The number stands at 21 million Bitcoins and it cannot be adjusted as it is embedded in code.

The Halvening Event

As miners mine Bitcoins, the number of new coins that can be mined keeps falling in what is called “The halvening.” Therefore, the number of coins they are rewarded for solving those puzzles decreases.

For instance, miners received 50 coins per transaction before November 2012. After that, the reward fell to 25 coins. In 2016, it fell to 12.5.

Notice how it takes four years for the number of coins given to miners to reduce by half.

Matt says that with every halvening, the price of the cryptocurrency increases. Going by that logic, he expects 2020 (four years after the most recent halvening) to see a reduction in Bitcoin rewarded per transaction to a little over 6.

He also expects the reduced supply to lead to a surge in Bitcoin prices. A contributor at Forbes expects it to hit $50,000.

How it all relates to Altcoins

Since not everyone can afford to buy significant amounts of Bitcoin (or any other major cryptos), Matt is turning to Alternative coins or Altcoins.

He says that the halvening event will impact them too but due to their small capitalizations, the impact could even be greater on them than on the more established cryptos. Thus he thinks that they have greater growth potential.

During the Crypto Millionaire Summit, he talks of how the halvening will affect altcoins and how you can invest in them.

Is Crypto Millionaire Summit legit?

I think Crypto Millionaire Summit is legit.

InvestorPlace, the publisher behind the presentation is legit – I recently reviewed the firm and gave it a clean bill of health. The editors (including Matt) who work for the company extensively research the opportunities they tout through their services and presentations.

Unsurprisingly, they have made bold predictions that have come true and given their investors numerous opportunities to grow their investments.

Over the years, I have been actively seeking good investment opportunities. I have encountered bad investment advice and know what it looks like. I have exposed schemes like OPM Wealth.

The Crypto Millionaire Summit doesn’t tip me off as an illegitimate event.

My Final Word on Crypto Millionaire Summit

Cryptos are fashionable investments these days. Many people have made fortunes off of them while others have lost fortunes through them. In the end, how well you do depends on how you approach them.

Matt McCall’s Crypto Millionaire Summit shows that Matt has a solid approach. He is willing to look into the technical side of things to spot the best cryptocurrencies to invest in.

Although he may make wrong predictions along the way and lose money, his approach seems better than what many other editors have been sharing. If you want to invest in altcoins, you should consider following Matt McCall’s advice.

But as you follow his advice, always bear in mind that altcoins are very volatile. To protect yourself from financial ruin, only invest money that you don’t mind losing.

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