Paul Mampilly Says Bitcoin’s High Prices Are A Bubble

Paul Mampilly is a credible investment expert because he does a lot of research on stocks and picks the ones that are primed to do well in the near future. Of particular interest to him are cryptocurrencies including Bitcoin which he says he believes in because of its decentralized currency format. But he also says it should be a stock that his followers avoid because it rose up so high in 2017 that it’s now sitting on a bubble. Mampilly likened this bubble to what happened back in 2000 when investors had invested too much in internet-based companies too soon that it led to the dot-com crash and said that a similar thing was taking place now. Mampilly said investors should consider an alternative cryptocurrency investment that isn’t as well-known but is in circulation right now, and he explains what it is in his “Profits Unlimited” newsletter.

Paul Mampilly gained his knowledge of investing from over 10 years in banking and several more as a hedge fund manager. He came to the US over 30 years ago from the UAE, though he’s originally from India and in 1991 he graduated with a bachelor’s in finance from Montclair State University. His banking career began as a research assistant at Deutsche Bank and saw him rise to advisory positions at ING, Banker’s Trust, Royal Bank of Scotland and a large private Swiss bank. After leaving banking, Mampilly became a consultant at Capuchin Consulting in 2003, but then he moved to Wall Street as a Managing Director for Kinetics International Fund, one of the highest ranked hedge funds in Barron’s magazine. Paul Mampilly helped clients make over 40% in investment returns and helped the firm raise their portfolio to $25 billion in AUM.

Outside of his professional office Paul Mampilly invested on his own and made big gains when he purchased Facebook and Netflix stocks and sold them after making more than 300%. He also won the Templeton investment competition in 2009 when he invested $50 million during the recession and made a 76% gain on it. In 2016, Mampilly decided to change things and dedicated his work to helping middle class investors, and Banyan Hill was who he wanted to write for because they vet their authors to make sure investment information is authentic. He gained a large following within a month as people took the advice he gave them at “Profits Unlimited” and wrote reviews stating it really worked.

Paul Mampilly’s Facebook Page: www.facebook.com/PaulMampillyGuru/