As most people are aware, the value of Bitcoin is currently in a bubble of historical precedence. The bubble is going to burst, it’s just a matter of when and how far the value will plummet. One person talking about this has been a former hedge fund manager, Paul Mampilly. He was the winner of the Templeton Foundation investment competition where his returns were much greater than the competition, so he knows that Bitcoin crash will occur just not precisely when.
Just back in 1999 way too many people believed the stock market rally would continue forever. Some technology stock shares were up by over 1000% with no end seemingly in sight. Soon, though, the bubble burst and many of these tech companies disappeared virtually overnight, leaving people who owned their stock nothing.
Even companies with solid reputations in 1999 had their stock values fall by large margins, as fear took over amongst investors. One such company was Qualcomm Inc. Its stock had gone up an amazing 2619%. Such gains showed that the markets had gone completely insane when it came to valuations of companies. The gains brought in tons of new investors who threw their money at any company in the tech industry no matter what they did or what their annual profits (or lack thereof) were.
When this was going on Paul Mampilly sold off every stock he owned, seeing the danger ahead. The markets continued to climb and climb with no end in sight until suddenly the bubble burst. People lost everything they owned when that occurred. The writing is on the wall that Bitcoin, and other cryptocurrencies, are sooner or later going to meet the same fate, it’s just a matter of when.
During his time managing a hedge fund Paul Mampilly himself had some of his investments in bubbles that eventually burst. He learned his lesson that when everyone is diving into something that’s likely the time you need to get out. People with very little knowledge of investing will drive the stock values up and once it stops climbing people will then panic and start selling everything they can.
Over the course of his career, Paul Mampilly has appeared pretty often on financial shows and networks. He has made appearances on such networks as CNBC and Bloomberg TV. He now writes and publishes a financial newsletter called Profits Unlimited. The newsletter is aimed at people who want to know when to buy a company’s stocks and when they should sell. Additionally, he works at Banyan Hill Publishing where he serves as a senior editor. This company publishes a number of financial newsletters about different markets and ways to earn money by investing.
About Paul Mampilly: www.stockgumshoe.com/tag/paul-mampilly/