Paul Mampilly: Bubble in the Cryptocurrency Market

Over the last year, the electronic currencies which are referred to as cryptocurrencies have gone from an incredible niche industry to one who has had values in excess of $800 billion. Instead of being something that only hobbyists pursued it became something that many investors were incredibly interested in a very short period of time. Many of the people who invested in these cryptocurrencies less than one year ago have experienced returns on their investment that are in excess of 1000%. Obviously, such performance for these investments has generated incredible interest even from mainstream sources such as Wall Street. Visit stockgumshoe.com to know more.

For this reason, Banyan Hill Publishing Company, one of the leading producers for investment advice columns, has recently asked all of their leading investment advice experts their opinion on the trends that are occurring in the cryptocurrency markets. Banyan Hill Publishing Company has published the work of Paul Mampilly for a number of years. Paul Mampilly originally gained a reputation as a successful investor during his time working on Wall Street. Paul Mampilly decided to eventually shy away from working on Wall Street in order to help every day Americans with investment by producing investment advice columns. He has recently published his viewpoints on the trends that are occurring in the cryptocurrency industry.

Paul Mampilly states that he sees the formation of a huge bubble in the cryptocurrency sector. This level is incredibly similar to the same one that occurred in the technology sector of the stock market in the late 1990s and early 2000 of the United States of America. While there are many individuals who have gained significant returns on their investment in the cryptocurrency industry over the last year all mentally believes that the market is poised to crash significantly in value in the near future.

As an investor in the stock market in the late 1990s, Paul Mampilly sold all of his stocks prior to the crash of the market. He cautions his readers who hold a significant investment in the cryptocurrency industry to do the same in order to minimize potential losses. While he does believe that many of these cryptocurrencies do represent a potential investment that could generate positive returns he believes that the technology is still too dumb to be considered a stable and reliable investment. Paul Mampilly believes that it is important to choose your investments after doing a large amount of research in order to ensure that you are not simply throwing money away.

Learn more: https://www.crunchbase.com/person/paul-mampilly

 

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