Paul Mampilly, a prominent stock investor in the world, is one of the people who believe that Bitcoin is a bubble. Paul Mampilly is giving this opinion knowing very well that such a thing would cause a lot of varied opinions especially from those who have invested in the cryptocurrency. A huge number of people in the world have been in a mad rush to purchase this digital currency in the hope of catching some profits. Bitcoin has been hyped by those who believe in it as the new gold. These are people who believe it will be the alternative to fiat money. After the emergence and success of Bitcoin, there have been many other cryptocurrencies which have emerged since then.
Many investors see Bitcoin investment as one that has potential to make them rich. However, according to Paul Mampilly, this is one of the things that we need to be very careful about. Although Bitcoin has been making excellent gains, there is a risk that the gains will not last long enough as some investors might tend to think. Paul Mampilly is suggesting that the gains will not last for long since Bitcoin has all the characteristic of a bubble. It is just a matter of time before this bubble explodes and investors lose everything. Paul Mampilly insists that the bubble burst is inevitable. Follow Paul Mampilly on Twitter.
Paul Mampilly insists that just like the technology stocks of 1992, we are likely to see the same thing happen to Bitcoin. Bubbles tend to grow the process to levels where people think they can never go down before they burst. People are drawn in so much that they cannot think beyond the profits they are going to make. Paul Mampilly is asking wise investors to make the good decision right when they can salvage something from their investments. Failure to make that decision right now might end up hurting many people in the long run. Bitcoin is not an investment to be cheering right now. Its future is not certain and therefore caution should be applied when trading them.
Paul Mampilly has the requisite knowledge needed to survive in this market. He is committed to the cause he has started of educating novice investors about the opportunities that are available in the industry. For a man who left his career at Wall Street to engage in educating people, it would never be his intentions to mess up around. He means business in this industry. Visit: http://www.bizjournals.com/triangle/potmsearch/detail/submission/6423751