Paul Mampilly: Views on the Cryptocurrency Markets

High quality financial and investment advice is the business of Banyan Hill Publishing Company. They have made a corporation that is dedicated towards the publication of only the highest quality investment advice possible. They have done this by only hiring the most knowledgeable individuals in the industry. Paul Mampilly is well-known as an American investor for his incredible knowledge on potential investments. He has recently published an article regarding his unique views on the bubble that has been forming in the cryptocurrency industry. He believes that it will fall significantly in value in the near future and potentially crash. Read this article at Daily Forex Report.

Paul Mampilly has been a successful hedge fund manager in the past and has managed over $1 billion worth of assets for various corporations. He was recently awarded the title as Victor of the Templeton Foundation investment competition. Paul Mampilly has stated that he does not know exactly when he believes that the crash will occur in the cryptocurrency sphere, but he does believe that one will occur fairly soon. He believes that it is only a matter of time until people begin to experience significant losses on their investments. Paul Mampilly has drawn correlations between the current action of the cryptocurrency markets and that of the stock market during the late 1990s. At that time Paul Mampilly had just begun to become fairly successful as an investor and the sentiment from investors was that the market would only continue to go up. He had a friend that owned several stocks in technology companies that have gained over 1000% at the time. Later that same year in 1999 the bubble that had formed in the technology industry first and in a short period of time investors had lost substantial sums of money.

The bubble that had formed in the 1990s was composed of incredibly reputable companies. Many of these companies have continued to function even today. For example, he recalls a particular stock produced by QUALCOMM Incorporated that gained over 2000% in value. There were many other stocks for technology companies that had appreciated by over 1000%. These soft represented major corporations. The same stocks began to fall in value significantly and represented one of the largest crashes in the technology market history.

Paul Mampilly has stated that the same occurrence will more than likely occur in the near future. He believes that many individuals will begin to lose Smith in sums of money that they have invested in this market. Visit: https://analystoffinance.com/2018/05/paul-mampilly-advice-bitcoin-bubble/

 

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