Crypto Profit Summit promises to teach you how to make 1,000% gains “over and over and over again.” Find out if it’s a legitimate opportunity today in our review.
What is Crypto Profit Summit?
Crypto Profit Summit is an online video published by Banyan Hill and BanyanHill.com. The online video features Ian King, a cryptocurrency trader, and Jeff Yastine, the executive director of Banyan Hill.
Ian King is described as “America’s No.1 crypto trader”. During the video, King claims to reveal his “patent-pending strategy” that will help investors earn gains of “1,000% or more…over and over and over again.”
Today, the CryptoProfitSummit.com official website automatically redirects to the online video. You can watch the video to learn more about cryptocurrency trading and how to earn profit. In the video, King isn’t just described as America’s top crypto expert. Jeff Yastine claims King is “the world’s top cryptocurrency expert.”
So who exactly is this guy? Let’s take a closer look at Ian King’s experience – and why he believes he can turn anyone into a millionaire.
Who is Ian King?
Ian King is a cryptocurrency traders and entrepreneur currently working at Banyan Hill Publishing as a Contributing Editor. King joined Banyan Hill in January 2018.
Prior to joining Banyan Hill, King was best known for founding Intellicoins.com, a bitcoin analysis website launched in 2014 to help people buy bitcoins. King would also launch a now-inactive currency called Intellicoin (INT) using that website. Launched in 2014, the currency once had a market cap of $21,000 USD. Today, the currency has a market cap of $290.
Before the Intellicoin project, King spent 10 years as head trader of Peahi Capital, a New York City-based equity fund. He started his career as a desk clerk on the Mortgage Bond trading desk at Salomon Brothers and later worked in credit derivative origination at Citigroup. King holds a BS in Psychology from Lafayette College.
It’s unclear how King gets the title as “the world’s top cryptocurrency expert.” He launched a cryptocurrency analysis website and his own (now defunct) cryptocurrency. We assume he’s made money from cryptocurrency by buying in early – but King never explains if he’s beat the market, nor does he provide many stats about his trading history.
Overall, it’s a bold move to call someone America’s top cryptocurrency investor. It’s an even bolder move to call someone the world’s top cryptocurrency investor. It’s unclear how Ian King has earned either title.
King, meanwhile, can be found online at @IanKingGuru.
What Will You Learn from the Crypto Profit Summit?
The Crypto Profit Summit makes big promises about the amount of money you’ll earn by implementing the lessons learned in the platform.
The sales page and video are filled with lines like this: “$500 could grow to $5,000. $5,000 could grow to $50,000. And $50,000 could grow to $500,000. Returns of 1,000% or more are made possible by taking advantage of Ian King's fast-paced new investment research service Crypto Profit Trader.”
It’s clear that investors are led to expect gains of 1,000% and higher.
Basically, Crypto Profit Summit isn’t designed to teach you how to trade cryptocurrencies. Instead, it’s designed to sell you a membership to Ian King’s Crypto Profit Trader newsletter.
What is Crypto Profit Trader?
The point of the Crypto Profit Summit video is to convince you to pay $2500 to join an email newsletter called Crypto Profit Trader. That newsletter will include 12 issues delivered to your email inbox each month.
Paying $2500 for an email newsletter seems a bit ridiculous. Making this subscription even more ridiculous is the fact that your subscription will automatically renew every year. Your payment method will automatically be charged $2500 the moment your subscription expires.
The newsletter introduces beginner traders to the world of bitcoin and crypto trading. It also delivers hot crypto trading tips on the latest price movements in the industry.
What’s Included With Crypto Profit Trader?
Your Crypto Profit Trader membership includes a handful of digital marketing materials, including all of the following:
Instant Trade Alerts:
Ian will provide hot cryptocurrency trading tips that claim “to make five, 10 and even 20 times your money within weeks.”
Weekly Position Monitoring:
Ian will send weekly email updates on his portfolio positions.
Access to the Crypto Profit Trader Website:
The website lets you browse old email newsletters, podcasts, and reports from Ian King.
Cryptocurrency 101 Guide:
Ian wrote a report called Cryptocurrency 101 Guide that introduces complete beginners to the world of cryptocurrency trading.
Grab 1,000% Gains from the Next Bitcoin:
This report explains how to spot the next bitcoin in the crypto market.
Crypto Profit Trader Refund Policy
We’ve noticed a trend where high-priced crypto newsletters come with unusually harsh refund policies. Crypto Profit Trader doesn’t do a great job of explaining its refund policy upfront. Everything we know about the policy comes from this one sentence:
“All sales are final and come with our 100% satisfaction guarantee…Anyone who joins…Crypto Profit Trader will see our model portfolio give them the chance to turn $1,000 into $25,000 in the next year.”
These sentences seem to contradict one another. “All sales are final” typically means no refunds are given. However, the “100% satisfaction guarantee” means users can receive a refund if they’re not 100% satisfied. In any case, I wouldn’t expect to receive any type of refund if you regret your $2500 purchase.
In fact, the only real “refund” they give to users is a free second year. If you’re unsatisfied with the program, then you’ll receive a second year free of charge. Yes, your reward for being unsatisfied with the program is receiving a second year of a subscription you didn’t enjoy.
Who’s Behind Crypto Profit Summit?
Crypto Profit Summit was published online by Banyan Hill Publishing, found online at BanyanHill.com. The company consists of “a network of global experts in asset protection, investing and entrepreneurship.” These experts have banded together to help teach Americans how to achieve “total wealth” or financial freedom.
The company gets its name from the banyan tree, which is the largest tree in the world by canopy size.
Crypto Profit Summit Conclusion
Crypto Profit Summit is an online video designed to push you into paying $2500 for a subscription to Crypto Profit Trader, a monthly email crypto analysis newsletter run by a guy who calls himself America’s #1 cryptocurrency trader.
The newsletter is accompanied with sleazy online marketing tactics – like promises of easy 1,000% returns, discussions of earning $500,000, and even a fake countdown timer on the sales page. There’s also the fact that we know very little information about the “expert”, Ian King’s, crypto investment experience.
There’s also the problematic refund policy: Ian King and his team appear to refuse all refund requests, and the company claims to have no refund policy. All sales are final – which is ridiculous for a $2500 subscription-based program.
For all of these reasons, it’s hard to recommend subscribing to Crypto Profit Trader or Crypto Profit Summit at a price of $2500.