7 Explosive Cryptocurrencies to Buy for the Bitcoin Halvening

The third big “bitcoin halvening” is coming in May, and according to our very own Matt McCall — whose Ultimate Crypto portfolio has averaged a jaw-dropping 70% gain over the past five weeks alone — that’s a huge reason to be bullish on cryptocurrencies in 2020.

But, before we jump into understanding what that halvening is (also referred to as a “halving”) and which cryptocurrencies to buy for 2020, let’s first understand why cryptocurrencies as a broad asset class have a bright future.

The core purpose of cryptocurrencies is relatively simple: leverage technology to eliminate the middle-man in financial transactions and make buying and selling things less costly and more efficient. Through the blockchain — a decentralized public ledger of transactions that anyone can view consistent across the whole network, unable to be edited and/or updated unless the whole network agrees with the update — cryptocurrencies are able to conduct and verify financial transactions without needing any central oversight.

That may sound like a mouthful. It’s not. Traditional currencies need big banks to oversee and verify all transactions. Cryptocurrencies do not. This means they’re less costly and more efficient than traditional currencies, because there’s no middle-man to pay and no paperwork to fill out.

Sure, there are risks to cryptocurrencies achieving mainstream adoption and overtaking government-backed currencies. But, lower transaction costs and quicker transactions are large enough value props to warrant there being a bright future for cryptocurrencies (even if they don’t take over the world).

Why the Halvening Is Bullish

Now, let’s take a deeper look at why cryptocurrencies will rise in 2020.

Two key characteristics of bitcoin are limited supply and constrained supply growth. That is, there are a fixed number of bitcoins in the world (21 million).

The bitcoin world started with most of those bitcoins being locked in the system. Each…

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