Paul Mampilly Warns People Away From Cryptocurrencies

Paul Mampilly is a pro when it comes to making investments. He writes about investment opportunities for Banyan Hill Publishing where he is the senior editor. The main types of companies he covers are small-caps, tech, growth investing, and special opportunities. He has two newsletters out on a subscription basis which are Extreme Fortunes and Profits Unlimited. Visit the website Releasefact.com to learn more.

Another area that Paul Mampilly has been covering lately is cryptocurrencies such as bitcoin and etherium. He sees these types of assets as being in a big bubble and he is expecting their values to crash pretty soon. Over the years he was a hedge fund manager he says he saw a lot of bubbles come and go but nothing like cryptocurrencies. He doesn’t claim to know exactly when their values will come crashing down but he says it’s just a matter of time until a lot of people lose most of the money they have put into cryptocurrencies.

He recalls 1999 when everyone and their brother was piling into tech stocks. Everyone felt like tech stock could only go one way and that was straight up. Paul Mampilly says he had a friend named Tess who owned some tech company stock that had gone up by more than 1000% in value. He told her that was amazing and it was a good time to sell and keep the gains. She didn’t listen, though, as she and everyone else expected even more gains. However, the dot com crash soon happened and Tess lost everything she had invested as the company she had invested in went bankrupt. Read more at PRNewswire about Paul Mampilly.

He says he could see the dot com crash coming and had pulled all of his money out of tech stocks before the crash occurred. He says that when he pulled his money out he half thought it was a mistake to have done so as even he was caught up in the euphoria. However, he stayed the course and was quite happy he didn’t lose money when everything came crashing down.

People are now piling into cryptocurrencies, seeing this as the next big thing to make a lot of money. Paul Mampilly has been warning people that bitcoin, etherium, and the like are very overvalued. Governments are starting to regulate cryptocurrencies which will curtail their growth, such as Japan and soon Russia and China as well. The time to get out of cryptocurrencies is now before their values experience huge declines.

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