Paul Mampilly is an experienced investor and financial advisory guru. He is a former hedge fund manager who decided to take to Wallstreet to ply his trade from there. Judging from the recent developments in his portfolio, he is doing well. Well, it must be better than well, actually, great. He is the publisher of the popular subscription Newsletter, Profits Unlimited which has hit a subscription of 100, 000 people. He is also the owner and editor of Extreme Fortunes. He is known for his controversial yet mostly accurate predictions of the trends in the stocks market. In a recent interview, he makes some notable comments regarding the Bitcoin cryptocurrency. Read more articles by Paul Mampilly at Banyan Hill
It Is Going Down Soon
Well, Paul thinks that Bitcoin is a bubble that will soon burst. Mr. Mampilly is not only known for his publications but has also collected prestigious awards and recognition for his insights into the stocks market trade. He once won the much envied Templeton Foundation Award for investment. He says it is not easy to pinpoint the exact point when the bubble will burst, but he knows that it will soon crash.
Drawing from Paul Mampilly’s Life Experiences
Mr.Paul Mampilly recounts an incident in which one of his friends had invested in a stock that rose above the 1000% mark. He remembers having given his friend, Tess, a pat for a good choice. He, however, warned her that the year 1999 was designated for bubbles. So it was better if Tess sold off all if not the better part of her stocks. His friend failed to heed the advice and soon she was left empty handed. Paul Mampilly believes that the current trend with cryptocurrency is similar to the 1999 scenario when there was the explosion of Internet-related technologies, and the related shares were hitting the roof. He draws comparisons and observes that the internet bubble of 1999 was made of huge companies with respected history and reputation. For example, Qualcomm Inc had risen 2, 619%. He observes that there was a list of another 9 stocks on the Nasdaq that had risen by 900%. He points out, for the benefit of readers, and his followers that the stocks that came tumbling weren’t from backstreet setups. They were stocks of well-established organizations which were Nasdaq-listed. Visit the website paulmampillyguru.com to learn more.
Quick unusual Rises in stock prices signify danger ahead in stocks trade. They signal the market that someone is losing their head and that it’s a matter of time before matters are returned to normalcy. He observes that the cryptocurrency bubble is not an exception to the age-old free market rules. He warns his fans and followers to remove their money if any from Bitcoin and cryptocurrency activity, lest they lose when it comes crashing down. Follow: https://twitter.com/Paul_M_Guru