Paul Mampilly Says Bitcoin Is In Bubble Phase Just Like Tech Industry Of 2000

If any stock, commodity or other product you invest in becomes so high in demand that it reaches unusually high price levels, a bubble is formed. Bubbles in the financial world are bad because they usually end up crashing sometimes to a point where certain stocks or ETFs don’t survive. Paul Mampilly, a stock and financial analyst at Banyan Hill recalls how tech stocks in 1999 reached a record high in prices, and how a good friend of his at the time had bought stocks that had reached a high point that he told her she should sell. Mampilly had realized that tech stocks becoming too high were unsustainable, so he sold his off a little early, but his friend did not and she lost all the gains her portfolio made.

Bitcoin is now as popular as those tech stocks were back in the 1990s which is why Paul Mampilly has told his newsletter readers not to buy it. It reached record high levels in 2017, but it’s now steadily trending down and will not stop doing so for a while. Mampilly believes cryptocurrency does have a future in the world economy, but there will be some changes needed for it. Learn more about Paul Mampillyat Crunchbase.

Paul Mampilly came to the US from India and completed both his bachelor’s and master’s degrees shortly after. He then went into an investing career where he helped big Wall Street clients enhance their portfolios as a senior funds manager for ING, Banker’s Trust and Deutsche Bank. He also spent several years in a lucrative position growing a major hedge fund known as Kinetics International Fund to over $25 billion. Barron’s magazine even recognized Mampilly for being able to bring as much as 26℅ returns to the client funds.

Paul Mampilly ultimately retired and left Wall Street because while he was still passionate about the stock market and other investment vehicles, he wanted them to be shared with people who had been rejected by Wall Street and who didn’t have the accreditation of big firms. He heard about Banyan Hill and decided to join them because they offer newsletters to readers for a much lower price than what regular brokers charge in fees. Mampilly’snewsletters picked up subscribers quickly and the stocks he’s recommended people buy are new ones that deal in high technology and Internet of Things niches. He also gives his readers live looks into his actual portfolio. Visit: http://epodcastnetwork.com/paul-mampilly-on-trading-wall-street-for-main-street/