Paul Mampilly was recently featured in the Daily Forex Report’s article, “Paul Mampilly Has Struck Gold Again” written by Caleb Garvin. The article reveals the financial guru’s latest advice on the cryptocurrency conundrum that many average investors face.
Paul Mampilly entered the financial world after completing his education. He went straight to Wall Street, making his name as an assistant portfolio manager at large companies like Bankers Trust, ING, and Kinetics Asset Management. He helped the owners change their $6 billion of investments into $25 billion, leading him to be recognized as one of the World’s Best hedge fund managers.
During his tenure with the companies, he would often average a 26% increase in his annual returns. He even won the Templeton Foundation prize after he was able to make a 76% gain in one of the toughest markets since the Great Depression. However, after the crash in 2008 when the hedge fund managers seemed to still make money while everyone else suffered, Mampilly recognized that he wanted to help the real Americans. He began writing for Banyan Hill Publishing with his own newsletter called Profits Unlimited. The newsletter has more than 150,000 subscribers who look at the performance of his mock portfolio as well as his stock recommendations. Paul Mampilly has become well known for his wise knowledge in technology and growth investments.
Paul Mampilly’s latest revelation centers on cryptocurrency, the pop culture favorite. Only 8% of Americans have invested in cryptocurrency like Bitcoin but with the recent rise, people have become obsessed with this investment bubble. There is a huge information gap centering around the currency. It is a digital form of money that is not controlled by the governments or banks, preventing a centralized authoritative organization from regulating it. It also only exists in the digital world and obeys complex rules of cryptographic patterns.
Despite its recent popularity, Mampilly reveals it will likely be an economic bubble. The recent obsession the public has for the cryptocurrency is actually a signal that the bubble will grow unsustainably, causing a financial bubble very similar to the dot.com rush of the 90’s.
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