Paul Mampilly is a stock investor. He is a reputable name in the industry because of his many years of experience. In his time in the industry, he has worked as a hedge fund manager for Kinetics Asset management and made it the biggest firm in 2006 with a 26% increase in that year. This was overall the biggest increase across all firms in the U.S. Paul Mampilly has also worked for other big financial institutions. So, when it comes to questions about his experience in the job, he has everything going right for him. So when he gives his opinion about anything related to financial investment, it should not be taken lightly. Paul Mampilly has added his voice to the current controversial topic of cryptocurrencies investment.
This is a new investment chance that has been created by the emergence of Bitcoin and other forms of digital monies. The digital currencies have been gaining value at a very high rate lately and as a result. They have attracted a high number of investors who would like to make a profit from them. Bitcoin so far is the best as it has been trading above $10,000. Just a few years ago, Bitcoin was trading below 1,000. The biggest increase was recorded in 2017. The same year saw many investors join the investment industry so that they could take advantage of the increase. However, according to Paul Mampilly, this is not the right investment for anyone. He says that it is a financial bubble that will soon explode. Those who will be caught in the burst will lose their investment.
Already, Paul Mampilly has seen something similar happen. In 1999, there were technology stocks which were behaving in the same manner the cryptocurrencies are doing. In the end, the bubble exploded, and very many investors lost money.Paul Mampilly is advising investors who have already invested in cryptocurrencies to take their money and run. Very soon, the prices will fall, and anyone caught inside the bubble will have nowhere to go to. He has pinpointed the new investors who have no idea what it is like to invest in financial markets to take care. The highest percentage of investors who suffer from effects of financial bubbles are new investors because they do not know when to get out when an investment is going down. All they can imagine is making profits and nothing but profits. They are never ready for losses, and they’d rather stick with an investment hoping and praying that it will change direction and go up again.