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An invitation toThe Awakening an altcoin primer whats the real value driving prices higher?

We start todaysDigestwith an invitation.

This comingMonday, September 21, at 4 p.m. ET, our cryptocurrency specialist, Matt McCall, will be sitting down with crypto visionary and one of bitcoins first tycoons, Charlie Shrem.

The purpose of the event is simple

Matt and Charlie believe the crypto universe is on the verge of printing a new batch of millionaires and billionaires.

In short, they see a fuse being lit under the altcoin market one that will set off one of the most significant explosions of wealth in the modern era. Modest investments in the right altcoins stand to turn into millions of dollars.

At Mondays presentation, called The Awakening, Matt and Charlie will explain the forces that are setting up what Matt calls one event that could change your financial life.

Given this, in todaysDigest, lets do a top-down look at the crypto market to make sure everyone has a base-level understanding of this explosive asset class. And then, well look ahead to what Matt and Charlie will be discussing next this Monday.

Lets jump in.

***Altcoins 101 and how they can transform a portfolio

Altcoins are simply alternative cryptocurrencies beyond bitcoin.

As weve noted before here in theDigest, they can be gimmicky me too products which are just trying to capitalize on investor interest in the space, or they can provide a unique twist on the crypto/blockchain/financial world that makes them truly unique and valuable.

Overall, there are hundreds of different altcoins with various degrees of individualization (and real value or lack thereof). As you might guess, this sets up a wide spectrum of returns for investors wading into the crypto space.

While there is certainly need for caution, the potential for massive gains from the most valuable altcoins is nothing short of astonishing.

Part of the reason why is their small size. When investors wake up to an elite altcoins inherent value, it doesnt take many investment dollars to get an altcoins price soaring.

Lets put some numbers on this to give you a better understanding.

As I write, bitcoins market cap is around $204 billion. To put that into perspective, Amazons market cap alone is about $1.5 trillion.

In other words, relative to stocks, bitcoin is barely a blip on the radar.

Yet in the crypto world, bitcoin is massive compared to altcoins.

Below you can see how Ethereum, the largest altcoin, is only about 1/5th the size of bitcoin. The ensuing market caps trail off from there.

So, with such miniscule market caps, when a specific altcoin becomes hot, a flood of investor dollars can drive its price stratospheric in a matter of months, weeks, or even sometimes days.

Heres more from Matt:

I honestly believe altcoins are the fastest way to legally get rich in America today.

Where else can you see once-in-a-lifetime gains like

15,455% from Egretia

132,712% from Reddcoin

And an incredible 1,581,492% from Verge?

***But whats behind the elite part of elite altcoins?

Its fun to talk about big gains with cryptos, but lets dig deeper.

What makes one altcoin superior to another?

Whats the actual reason for the firepower behind the massive returns?

To answer that, lets back up a moment

The underlying technology behind bitcoin and altcoins is blockchain.

Though Im willing to bet youve heard the buzz surrounding blockchain in recent years, if not, you might just think of it as a virtual ledger.

Blockchain is really just a system of linked computers that records, verifies, and secures digital transactions. Its a series of confirmed and encrypted data, spread across many geographic locations.

The benefit is its impossible to hack or fake, because the information is stored on an entire network of computers that check with each other for a transactions authenticity. So, if a hacker breaks into one computer and alters data, the blockchain network immediately picks up on the inconsistency.

Now, perhaps the easiest way to think of blockchain and cryptocurrencies is as software and if you know software, youre aware of how it reduces work time, cuts out middlemen, and reduces costs.

Think about Microsofts software, Excel.

How much time has Excel saved the world, by ending the tedium of calculations with a hand calculator?

Think of how much more productive companies have been with all the added time saved by employees not having to crunch numbers.

***This software benefit is where the value proposition begins with elite altcoins.

Heres Matt with more:

Some of the most lucrative software companies on the market right now are working to cut out the middleman. Many of these are altcoins.

That surprises a lot of folks, but its often easier to think of altcoins as just really, really, really valuable software some of the most valuable software programs ever created.

I describe them as the oil of the 21st century, as theyre about to mint another generation of millionaires in short order.

The tsunami of wealth thats coming with altcoins and the blockchain technology backing them up is due to their ability to make our time vastly more efficient and productive

Investing in altcoins is just like backingMicrosoft (MSFT)in the early days. Or like backingGoogle (GOOGL)orUber (UBER)orOracle (ORCL)in the early days.

Software companies have provided enormous wealth for investors from the 90s through today because of their ability to save us time and headaches.

So, what we find with the quality altcoins is that they serve an actual purpose. These are the coins that Matt and Charlie seek out.

***Whats happening in the altcoin space right now that makes Matt and Charlie so excited about investing?

Well, thats in part what theyll be discussing on Monday, so Ill leave that for them.

What I can say is that Matt and Charlie are amped up about the potential here. So, I strongly encourage you join just to learn more. Theres no obligation of any kind. Justclick hereto reserve your seat.

By the way, Matt and Charlie will be giving away their #1 altcoin investment recommendation, totally free. Its their gift to you for attending.

Heres Matt with the final word:

One of the biggest events in modern history is about to kick off.

And it directly relates to blockchain and a small group of select cryptocurrencies.

Were going to blow this story wide open and reveal why everyone needs to know whats happening.

If theres one event that could change your financial life, its this.

It will be fascinating. It will be educational I doubt youll think of cryptocurrencies the same way again. And my guest believes it could hand you a fortune that most people only dream of.

I look forward to seeing you on Monday.

Have a good evening,

Jeff Remsburg

Read more from the original source:
A "Tsunami" of Wealth - Investorplace.com