Cryptocurrencies such as Bitcoin has been around since 2008, but it was only last year that it became popular in the mainstream media. It was due to the fact that the price of Bitcoin grew by over 1000% and those who had initially invested in it became millionaires overnight. More people started to purchase Bitcoin hoping it to grow further, but investment expert Paul Mampilly advice people not to invest all of their money into it as it can lead to them losing all of their money. He believes that the price of Bitcoin is increasing because it has gained popularity and the demand for it is increasing. View Paul’s profile on Linkedin.
Paul Mampilly is absolutely sure that the cryptocurrency bubble will burst just like the tech industry did in 1999. He asked people to be extra careful when investing in cryptocurrencies. One has to research them carefully and understand what it actually is and what the future holds for them. One should not just depend on the media hysteria but also do their own research and read on experts’ advice to get an idea if it is right for them. Paul Mampilly feels that the popularity of Bitcoin will decrease and the bubble will burst within the next few months. It will lead to very difficult time for those who have invested all of their money into cryptocurrencies. It is best for them to take out their money while they can, or they will lose everything they own.
Paul Mampilly has more than 25 years of experience in the investment sector and has worked with some of the top investment companies in the world. He has a Bachelors degree from the Montclair State University and then an MBA degree from the Fordham Graduate School of Business. He started his career as an assistant portfolio but quickly grew in ranks because of his knowledge and his research ability. Paul Mampilly was able to look at investment opportunity from a different perspective, and it helped him get profitable returns from his investment. One of his significant investments was in Netflix that saw his investment grow by 634% within a few years. It was later that he did not want to be involved in the fast-paced investment market and decided to retire at the age of 40. But even then, he wants to share his knowledge and shares some great tips with the readers of his newsletter Profits Unlimited and also the Extreme Fortunes. Learn more: https://www.stockgumshoe.com/reviews/profits-unlimited/profits-unlimiteds-7-tech-stock-and-the-strange-industry-is-expected-to-surge-8000/