Paul Mampilly calls Bitcoin a bubble that will soon explode

Bitcoin and other cryptocurrencies have been gaining at a very high pace recently. The reason for this rise cannot, however, be attributed to any economic value they are adding. It’s just a new thing that seems to be driving the masses wild. It is an excitement that seems to have taken many investors in a world while they only see themselves making million from the investments. This, however, is not true according to investment guru Paul Mampilly. He believes that there is a lot that is misunderstood about the cryptocurrencies. Many investors are not aware of a possibility of these currencies dropping in value. The belief that people have that bitcoin can only rise is what will make many perish. They will be caught in a position where they will not be able to salvage their investments. Many people just see an opportunity to buy but do not see a possibility of selling.

The cryptocurrencies have absorbed the emotions of the traders that they are just looking at every opportunity as an opportunity to add more investments, even when the coins are coming down. This is the challenge that is being experienced in the investment right now. Paul Mampilly is giving out a warning to investors to take caution. They should not be enticed by the talk of this being the biggest thing ever in the financial markets. There is very high probability that there will be a drop in the value of the cryptos. This is something that has been happened before and may happen once again.

In 1999, there was a similar excitement about the stocks in the technological sector. The shares of technology companies were going up at a fast rate. Investor saw that as an opportunity to make good capital from the investment. However, this was not the case. The stocks were just a bubble that has been created in the markets. When it finally burst, many investors were left poor. They lost all the huge profits they had made and the initial investment.

About Paul Mampilly.

Paul Mampilly is a senior editor at Banyan Hill publishing. He has been dealing with investment materials in the firm. He is also an accomplished investor and a former hedge fund manager. He has worked with the best financial institutions in the world and has left a legacy that is hard to beat. He is now a private investor owning a two trading platforms and a newsletter called “Profits Unlimited.”

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