Prescient financial whiz Paul Mampilly Predicts the Bitcoin Bubble

Paul Mampilly has seen bubbles come and go. With over 25 years of investing experience, he knows what to look for in the case of an imminent asset bubble. Paul had warned friends of his about the imminent fall of the dot com bubble correctly. However, his friends were too caught up in the rapidly increasing profits of the moment and didn’t heed his advice. Many of those friends lost almost everything.

Paul Mampilly believes the same thing that occurred with the dot com bubble in the late 90s is now on its way to cryptocurrency. Mr. Mampilly sees the same causes of the dot com bubble emerging with currencies like Bitcoin, Ethereum, Ripple and others. He sees that this is something that is the newest fad of the moment. A lot of people want to get in because they hear the stories of their friends getting in, or of people on the news getting in and making millions of dollars. This is what is driving up the prices of Bitcoin and other cryptocurrencies. This kind of activity leaves the currency vulnerable to large fluctuations and manipulations of its value. In the beginning of 2018, 1 Bitcoin was worth $20,000, however now it has leveled after a drop to a little over $8,500. Paul Mampilly believes the presence of such large volatility in currency is a sign that if people stop seeing the value in the coin, it could then drop to nothing, similar to many stocks in the dot com bubble age. Learn more about Paul Mampilly at Crunbchbase.

According to Paul Mampilly, the growth of Bitcoin is ultimately unsustainable, its gains unrealistic and untenable, and he foresees a hard crash. That being said, he does see opportunities available not only after any potential crash, but also within the underlying technology itself. Cryptocurrencies run on a blockchain, which is a ledger which uses the solving of problems to confirm the transactions. Currently, it mostly resides in cryptocurrency, but has many applications in the medical, industrial, and real estate fields, just to name a few. This aspect, Paul Mampilly believes to be very promising.

Initial coin offerings, or ICOs, are quickly becoming the new way for companies to raise funds. Eventually, many cryptocurrencies could be traded next to stocks if not the subject of entirely new exchanges. In this is what Paul Mampilly sees the true value of the blockchain. Watch videos on Paul’s Youtube channel.

Leave a Reply

Your email address will not be published. Required fields are marked *