Paul Mampilly Compares The Current Cryptocurrency Craze With The Year 2000 Financial Bubble

Stop pumping more investments into the cryptocurrency markets and if possible, cash out your gains as soon as possible. That was Paul Mampilly, a renowned investor and financial guru’s message to individuals investing in cryptocurrency. While he still hasn’t pointed to the exact time he expects the cryptocurrency markets to come tumbling, the Templeton Foundation investment competition winner adds that it is only a matter of time before this new technology market crashes. Follow Paul on

Drawing experience from the year 2000 market crash

Paul Mampilly compares the current demand for crypto coins with the second-millennium bubble burst for technology company stocks. The former hedge fund manager mentions that every investor at the time believed that wealth in the stock markets could only come through investments in technology company stocks. The greed for these stocks then saw the value of some of these stocks swell past 1000 percent. To him, such insane value increase in a short time even for companies without a solid base was in itself a red flag that prompted him to sell his shares.

In many ways, Paul likens the current greed for alternative coins with the 1999 market bubble. He notes that while the two bubbles stem from almost different industries, they have similar characteristics. For instance, just like the technology bubble culminated a notion that these companies could the future of the world economy, cryptocurrency promoters have continually hyped the need for crypto coins terming them the future of online transactions. Similarly, most of the crypto coins currently available have also shot in value by over 10,000 percent.

Why is it doomed to crash?

It can be quite difficult to tell of a market bubble but Paul Mampilly believes that the warning signs for the impending cryptocurrency crash are already up. With the most apparent being the constantly soaring popularity of the different coins that has effectively sent most investors into frenzy thereby driving the price for these coins to crazy highs. Their popularity will possibly continue growing in the near future.

But a time will come when the market can’t sustain any more investment pressure and the prices start coming down. Such an action would then throw most investors into a panic mode resulting in massive sales and would signal the beginning of the market crash. Paul Mampilly believes that just as the cryptocurrency investors are quick to buy when they think the prices favor them, most are also quite impatient and will be quick to sell when the market turns against them.

About Paul

Mampilly boasts of an investment experience of more than three decades, most of which was spent at the helm of Kinetics hedge fund. He is also the founder of Extreme Fortunes and senior editor at Profits Unlimited, two online journals offering investment advice to traders internationally.

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Shervin Pishevar warns internationalization of entrepreneurship is inevitable

Few people in the United States today have the same level of insight into the tech world and tech businesses than Shervin Pishevar. As the founder and CEO of Sherpa Capital, one of the most important venture capital firms in Silicon Valley, Shervin Pishevar has proven that he has the golden touch when it comes to finding and funding the next big names in tech.

But as one of the most astute observers in the tech world, Shervin Pishevar has also come to a number of ominous conclusions about the structural difficulties currently facing the United States. In a recent tweet storm, the famous entrepreneur addressed a large number of pressing issues that are confronting the country. One of those issues is the unavoidable development of nomad entrepreneurs and the consequences that will face the United States if it handles their advent the wrong way.

Shervin Pishevar says that the world is becoming an increasingly globalized place for those who have the means to take advantage of the ways in which countries can directly compete with one another. For example, Pishevar points out that tax rates between various jurisdictions can radically differ as can the rules for such things as incorporating businesses and whether or not someone is taxed on earning that they make outside the country. In particular, Pishevar says that the United States has some of the worst rules in this regard, a leftover relic from a time when American society enjoyed far higher levels of general trust and feelings of civic duty than are prevalent today.

The consequence, he argues, is that the talented capitalist class is acutely aware of what a terrible deal they are often receiving for running businesses in the United States and maintaining citizenship in the country. Pishevar says that, when millions of dollars per year in personal and business taxes are at stake, today’s globally inclined entrepreneurs won’t hesitate to relocate to jurisdictions in which they are treated better. Because Pishevar says that he personally knows many entrepreneurs who are offshoring, this effectively means that the United States is already extremely uncompetitive. The country risks serious gross tax revenue declines if it keeps running off its most productive citizens.

Ian King Has Been with Cryptocurrency Since Before the Beginning

Cryptocurrency has been on a lot of people’s minds these past few years. There’s good reason for it too. It’s become one of the easiest and most quickly lucrative forms of investment for newcomers. But ask the most successful people how they got into cryptocurrency and two names are probably going to come up.

The two names are Ian King and Banyan Hill. And there’s good reason why these two names come up together so often. Banyan Hill Publishing is one of the most respected names in economics writing. They have a strong reputation for hard reporting on what may well be one of the world’s most important subjects. Read this article at

And Ian King is Banyan Hill’s cryptocurrency editor. But that’s really on the start of their intertwined story. The larger story involves the reason he was hired in the first place. Ian King was hired in 2017. And by that time he’d already made a name for himself within the more traditional realm of economics.

He’d begun in one of the most famous mortgage bond trading services. His time at Salomon Brother’s gave him experience that would serve him well in his later endeavors. For example, he’d move from there to Citigroup. But it was his decade as head trader at Peahi Capital that would really set the stage for his current work. Read this article at Hi-Tech Chronicle.

Again, he spent that time working with traditional economic systems. But he was present to see the turmoil which shook the industry around 2012. This made something clear to him. He realized far sooner than most that the economic system which had been in place for hundreds or even thousands of years needed to change.

He saw a radical shift coming from the online world. And he watched those developments with a keen eye. He was even brought in to discuss early work on these preliminary attempts at digital currency.

This gave him a huge head start when bitcoin leaped into the public market. He quickly started his own firm to educate the public about cryptocurrency. And that was where he caught Banyan Hill’s attention.

They weren’t just looking for an expert in traditional economics to act as cryptocurrency editor. But at the same time they didn’t want someone who only had a background in cryptocurrency. They needed someone who had experience with both worlds. And Ian King not only brought that, but a strong background in academic psychology.

This made him the perfect person to explain this complex subject to both experts and newcomers alike. And it’s why so many people who’ve found success in cryptocurrency know Ian King and Banyan Hill’s name.


Bitcoin Value Constantly Increasing in the Exchange Market

After a single Bitcoin crossed the $5,000 some months ago, Bitcoin has again cost more than $10,000 in some exchange markets. The price of the Bitcoin has increased due to the increasing numbers of new buyers that have shown interest in the currency form all over the world. The new buyers think of Bitcoin as a competitor of gold that will be effective for storing money away from government and company regulations.

Bitcoin was launched in 2009 by Satoshi Nakamoto and was able to survive hardships in its first seven years. Bitcoin trading started taking place in some parts of Japan and South Korea among investors. Investors in Seoul have gone ahead and developed stores where individuals can buy and sell the currency. The prices of Bitcoin reached $10,000 in South Korean exchange markets. It was valued at $9,700 in the American exchanges.

The American stock exchange market transactions of Bitcoin reached $5 billion last Sunday. Experts in the Bitcoin technology believe that the new currency will soon join bonds, physical commodities, and stocks as an asset that people will invest on. At least 100 hedge funds have seen opportunity in the currency and have invested in it. The hedge funds have also invested in other virtual currencies.

The price of Bitcoin is currently seven times the price it sold at in 2013. Bitcoin companies have increased across the world unlike in 2013 when only one company, Mt. Gox owned them. In 2013 Mt. Gox was in charge of more than 75% of all the Bitcoins that were available. Currently, the companies hosting Bitcoins have only 10 of the currency each. The industry is therefore safe from problems caused by monopolies.

The currency has reached many investors in several countries across the world. The currency’s design is the same in all countries. Their storage and trading are carried out on a network of computers that is not centralized. The trade is also not regulated by any company or government. Its prices are expected to rise in the next few months.