Buying Bitcoin May Not Be Your Best Move According To Paul Mampilly.
Cryptocurrency has a good chance of taking over the banking industry and its stock has been bought by many enthusiastic investors. Paul Mampilly, a stock market expert has an interest in digital currency and says that he believes in Bitcoin, but in his investment newsletters he’s telling people they should refrain from buying Bitcoin right now. Why is that? When an asset like Bitcoin becomes too popular, that demand drives prices artificially high and a bubble forms just as it did back in 2000 with the dot-com crash and the 2008 mortgage crisis. Mampilly says there’s already signs that Bitcoin has reached its high and that it’s going to have a steady downward track that’s going to make it too risky to invest in.
Paul Mampilly shares his investment information through an independent information news organization known as Banyan Hill Publishing, and he writes both articles and email newsletters through their platform. He previously made millions as an advisor to high net worth clients in investment banking and as a portfolio director at one of Wall Street’s top hedge funds. He had immigrated to the US over 20 years ago to study accounting and finance at Montclair State University, and he later completed his master’s at Fordham University. Mampilly started out researching credit and alternative investments at Deutsche Bank, and then moved up to more prominent positions at ING and Banker’s Trust. The hedge fund Mampilly joined in 2006 was Kinetics International Fund, and it was praised by Barron’s for Mampilly’s work in raising $25 billion in client assets, and making investments that yielded over 20% in returns.
Outside of the offices of the banks and investment firms, Paul Mampilly has also spoken to several media outlets like CNBC and Fox Business, and he was quoted as predicting the recession about a year prior to it happening. He also was one of the first investors to predict the success of Facebook and the takeoff of Sarepta Therapeutics. Even during the recession, Mampilly made an investment that turned $50 million into $88 million and helped him win an investment competition that the Templeton Foundation hosted. By 2016, Paul Mampilly had grown tired of always working away from home and retired at the early age of 42. He didn’t quit investing though, and he’s used his newsletters starting with “Profits Unlimited” to help people in more ways than he ever did on Wall Street. So far, Mampilly’s newsletters have gained over 60,000 followers.
Visit Paul Mampilly’s Facebook page @ https://www.facebook.com/PaulMampillyGuru/