Paul Mampilly is a financial expert and investor with unique insights into the matter of cryptocurrency bubble. Paul was a hedge fund manager, and through his experience, he has something to say about this sung investment. Paul Mampilly predicts that there is going to be a crash in the cryptocurrency market. He may not have the exact dates and time, but his predictions stand sure that it will surely happen. Paul is a former winner for the wonderful Templeton Foundation investment competitions. He insists that it is just a matter of time and the burst is going to happen. Learn more about Paul Mampilly at Crunchbase.
To support his views on this crucial matter, Paul Mampilly recalls the incidence that happened in 1999. He says that at that time every investor knew that wealth was on the way from the stock market rally. Paul recites having a talk with his friend who owned technology stock shares then that went to more than 1,000 percent. He says that it was the greatest gain that was. However, the bubble was almost exploding which left many investors with zero investments. The bubble constituted major companies that had excellent reputations. Their stocks were very high, and this pressured Paul to advise the investors that the stocks were not an accurate representation of everyone but just the major companies. The game was simple: the stocks for these major companies acted to indicate that the stock market was the perfect place. As a result, many investors were drawn into the trap. Little did they know that they were getting into a mess? Paul relates that to be a similar situation with the cryptocurrency bubble as at now.
Paul Mampilly continued to say that for him whenever suffered the loss because he sold his stocks before the explosion. After selling, he moved onto monitor the rising of the prices of the stock market. Sometimes he felt some regret that he had lost by selling his stocks, but he was not moved. By then, the market greed was growing day by day, and more people came in. However, by the end of it all, his decision was right. The stocks went very low in the following years, and as a result, most people lost so many investments. He remembers his friend whom he advised to sell the stocks before the explosion how she ended up losing. Paul insists that this is similarly going to happen with the cryptocurrencies. He says that all the bitcoins are going to crash.