The Cryptocurrency Bubble Worries Paul Mampilly
Paul Mampilly is one of the leading tech and investment experts in the world who has taken a high-profile role in the development of the portfolios of a range of clients focusing on different investment sectors. One of the main problems Mampilly feels is causing issues in the financial markets is the development of a bubble surrounding the creation of a range of different cryptocurrencies currently trading far above the value Mampilly and other investment specialists believe they are worth.
The development of a bubble around the investment in cryptocurrencies has focused largely on Bitcoin, the best-known of the cryptocurrencies which have grown up in the 21st-century. Paul Mampilly sees many similarities between the development of the Bitcoin bubble and that which grew up around tech stocks in 1999, a stock investment problem which Paul Mampilly warned against at the time and led to many major issues for many investors. The Durham, North Carolina resident is well-known for not having lost any of his own funds during the 1999 tech stock bubble crash which he avoided by reading the many different signs of problems he saw across the markets.
Having been educated in Business Administration at Fordham Graduate School of Business, Paul Mampilly has developed a range of skills in his more than a quarter of a century of experience across the markets; Paul Mampilly states he has seen a number of different bubbles in the markets and believes the Bitcoin crash will occur soon because the level of value of Bitcoin cannot be susta8ined for the long-term.
The high level of value seen in Bitcoin markets has been highlighted by the virtual currency reaching a value of more than $10,000 per coin; in a single day, the value of Bitcoin jumped by 50 percent to reach values unheard of in the markets which cannot be sustained for a prolonged period of time. Mampilly believes the best option for many investors in Bitcoin to take is to sell off their currency and remove themselves from the romance and attachment many feel towards the cryptocurrency. In his own career, Paul Mampilly lost none of his own money during the 2001 tech shares crash as the former Deutsche Bank executive had sold his shares early in 1999 and felt moments of remorse before being proven correct in his prediction of a coming tech shares crash.
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