Is Tom Gentile’s 20x Bigger Than Bitcoin pitch legit?
Money Map Press has been promoting a presentation that was done by Tom Gentile a while ago with a header that reads, “New Crypto Bull Market Trade Is Creating Profits 20X Bigger than Bitcoin.”
Tom’s premise is that he has a special crypto trade that can make you 20 times the profits you are bound to make trading Bitcoin.
In this piece, I will summarize the pitch for you to enable you to better understand Tom’s approach and what to make of his proposals.
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What is 20X Bigger than Bitcoin? (The Pitch)
20X Bigger Than Bitcoin is the title of a presentation that Tom Gentile released to promote his newsletter, Microcurrency Trader.
This isn’t the first time he is pitching it; he also released another presentation called Largest Economic Shift in Society a few months ago.
However, he spends most of it talking about now being the perfect time to invest in cryptocurrencies. As he starts the presentation, he says that in 2019, he predicted that Bitcoin would hit $20,000 by the end of 2020 – which the cryptocurrency surpassed and closed at $29,000. Now he is predicting that it will have risen to $50,000 by the end of 2021.
Although he tells us to buy and hold Bitcoin for the long haul, it is not the focus of his presentation because he says that there is an even better and faster way to make money during the 2020-21 cryptocurrency boom.
He says that rather than investing in Bitcoin, we should invest in a special kind of crypto he calls Profit Multiplier Trade. With this trade, you can multiply the gains you’d get owning Bitcoin 20-fold.
Before we go any further, let me clarify that he is referring to other smaller, lesser-known digital currencies. They are also known as altcoins – these are digital currencies that are not Bitcoins.
To give credence to his argument, he gives the example of 2017, the year when the digital currency market was booming. He compares the performance of Bitcoin with some altcoins saying:
“Bitcoin’s value jumped by 1,364%…
But these little-known cryptos shot up in total valuation by an astounding 16,695%.”
The takeaway from that is that as Bitcoin did well, those little-known cryptos did better, albeit in shorter bursts. Some of them did many times better hence the term “profit multiplier trades.”
Now he expects the new bull market to set up a bunch of Profit Multiplier Trades that will earn you bigger returns than Bitcoin in the short term. He also expects this market to be bigger than the 2017 crypto bubble for three reasons:
Reason 1: PayPal has gone all-in
PayPal is an online payment platform that boasts up to 346 million daily transactions. It has started embracing crypto transactions:
“And for the first time ever, PayPal is going to allow their users to pay for anything they want using cryptocurrency instead of dollars.”
It allows clients to convert fiat currencies to crypto and back thus enabling them to transact seamlessly using both. Tom expects this to prompt competitors like Visa and MasterCard to also hop on the bandwagon.
Reason 2: Fortune 500 companies are also getting involved
Big companies are also creating their digital currencies to allow for cheaper and seamless transactions with other businesses. Tom calls these currencies “smart contracts.”
Reason 3: Supply and demand
Since the supply of cryptos is fixed and demand has been rising, they are not susceptible to inflation as we see in fiat currencies (I should point out that not all cryptos operate using this rule). A great example is Bitcoin, whose supply limit is set to 21 million.
As demand rises, so do the prices and this means that investors, including institutions, have been flocking to them to hedge their portfolios against inflation.
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How Tom Gentile picks his Cryptocurrency trades
Tom says that he has a system that enables him to spot lucrative crypto patterns. He says that he built it with the help of award-winning scientists who hold 11 patents. Here is how he describes it:
“Together, we’ve built my most powerful toolset ever that combines a supercomputer… artificial intelligence… and quant-trading algorithms to spot crypto winners.”
At the heart of it, he says that it uses Fractal Waves, which he describes as mathematical patterns that infinitely repeat themselves. Concerning financial markets, he says that they are caused by extremes in investor psychology that lead to big upswings and downswings.
He says that these waves help detect tiny movements that can easily go undetected and to do that, it analyzes thousands of tiny cryptos.
It focuses on two fractal waves:
- Long-term currency wave: it smooths out the price actions spanning one month.
- Short-term currency wave: it smooths out price actions spanning hours or even days.
When the two waves cross, he says that it means that the price of the crypto is likely to go up, at which point, he makes his move. An example of this in action is shown below:
In this instance, he says that after the two lines crossed, he made a move for Ethereum. He cashed out 14 days later for a nice payday.
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The Three Cryptocurrencies That Could be 20X Bigger Than Bitcoin
Tom says that his AI system has spotted three microcurrencies that have met his criteria.
The first microcurrency pick had a market cap of $3.3 billion as he was releasing the presentation. He describes it as follows:
“The first one is a microcurrency now growing wildly popular in the banking industry.
They let everyday individuals… AND institutions… collect interest on crypto assets without having to go through all the scuttlebutt you normally get with traditional banks.”
The second one traded at $6 as he was making the presentation. More on it:
“It’s a microcurrency that operates a sort of “internet” for crypto networks around the world.
Through its blockchain protocols, it allows various industries to communicate with each other and streamline transactions between them. It’s truly ingenious.”
And as for the third one, here is how Tom describes it:
“The third microcurrency I’m recommending was created by a company I call the ‘PayPal of Asia.’
And this crypto is geared up for a major run.
You see, in Asia, they don’t rely on credit cards as they do here in the States.
So folks in Asia with credit cards often have a hard time buying the things they want.
To solve the problem, this Asian payment processor came up with a microcurrency that allows folks to send money directly from their smartphones… without using credit cards.”
Unfortunately, I found those descriptions to be rather vague and thus couldn’t accurately identify the altcoins that Tom was teasing.
If you want to find out what their names are and can’t wait for someone to reveal them for free online, you have to read the report he wrote about them.
It is called 3 Profit Multiplier Trades for 20X More Money than Bitcoin and he will send it to you for free if you sign up for his crypto-based advisory service, Microcurrency Trader (which we dive a little deeper into later on).
In the report, he provides you with step by step instructions on how to make the three trades, how to set up a digital wallet, how to transfer money, and how to hedge it against the downside.
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Who is Tom Gentile?
Tom Gentile is an options trader and cryptocurrency expert who is part of the editorial team at Money Map Press. He is one of the most prolific editors seeing as he runs up to eight newsletters.
Some of the services he publishes, in addition to Microcurrency Trader, include Money Hour, Rocket Wealth Initiative, V3 Trader, Money Calendar Pro, Weekly Cash Clock, Alpha-9 Trader, and Fast Fortune Club.
Ultimately, his specialty is options trading. He taught himself everything he could about options while he was still living with his parents and later helped build an options education platform called Optionetics. He and his co-founders later sold it to a large discount broker firm for millions of dollars.
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What is Microcurrency Trader? (The Newsletter)
Microcurrency Trader is one of the investment advisory services that Tom Gentile edits at Money Map Press. He started it to provide retail investors with insights regarding the cryptocurrency market. His focus is on what he calls “microcurrencies”; which is just a term he coined when referring to Altcoins.
When you sign up for Microcurrency Trader, Tom promises to show you opportunities to earn triple-digit, quadruple-digit, and even 10-bagger gains within one year.
Here is what you get when you sign up for the newsletter:
- Microcurrency Trader Quick-Start Guide. In this guide, Tom shows you how to set up an account for trading cryptos.
- Microcurrency Trader video tutorial series. These are video tutorials in which Tom shows you how his Fractal Wave system works. He delves deeper into how the long-term currency and the short-term currency waves work.
- You receive buy alerts whenever Tom and his team find a new microcurrency trade that they would like to recommend. You will receive one alert every week. In each alert, they give you instructions on how to buy, at what price, and the analysis that went into picking that specific trade.
- Each buy alert comes with a video and a text (which is optional).
- Sell alerts. When the time comes to sell your crypto, Tom sends you a sell alert.
- Daily Debriefs. These are daily updates that you receive every morning discussing potential big opportunities on the horizon.
- Weekly Watchlist. These are weekly updates concerning the cryptocurrency markets.
- Access to the password-protected Microcurrency Trader website. This website is a great resource replete with training videos as well as archives of past buy and sell alerts.
Tom Gentile says that he can only take on 250 new members but I don’t think that will go through with it. I think he may be using that to create a sense of scarcity because it is a relatively expensive service. In the end, I think you will be allowed to join at any time you please.
How much do you pay to join Microcurrency Trader?
A one-year subscription will cost you $1,950
Does Microcurrency Trader have a Refund Policy?
The newsletter has a refund policy although it has some unique terms as shown here on the signup page:
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Closing Remarks on 20X Bigger than Bitcoin
The main takeaway from Tom’s presentation, 20X Bigger Than Bitcoin, is that you should buy and hold Bitcoin as a long-term investment and use the smaller cryptocurrencies to earn short-term profits.
Nevertheless, Tom acknowledges that although altcoins can give you more bang for your buck, they also expose you to greater risk. And he is right about that because some altcoins can be extremely volatile, earning you big returns in a short period before later wiping away all your gains just as fast. Therefore, you should never invest more than you are ready to lose when you take a punt on them.
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