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 twitter.com.

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.


To learn more about Paul Mampilly, visit: https://paulmampillyguru.com/

 

Paul Mampilly Says Amazon Is Powerful, But Don’t Give Up On Health Stocks

Amazon made what many have called one of the most disruptive deals in healthcare made in history when it announced a partnership with Berkshire Hathaway and JP Morgan Chase to rollout new prescription purchase plans. Paul Mampilly, an author and investment advisor for Banyan Hill had previously warned about Amazon’s activities telling investors that some healthcare stocks were going to suffer as a result of this. But he took a different tone in a more recent article about Amazon’s move saying that although Amazon has wiped out a number of companies and certainly will be changing things in healthcare, it may not spell the end of healthcare the way some are predicting.

Paul Mampilly described some of Amazon’s previous entries into other industries like food distribution and wholesale when they bought Whole Foods. This merger caused Kroger’s stocks to go down initially, but the new business model showed flaws in its initial phase and since then Kroger has come roaring back in the market. Mampilly also noted how they seemed to bump Netflix off of its online streaming perch when they opened Amazon Prime, but Netflix responded to that and also saw its stock shoot back up and is showing they can compete as well as ever with the e-commerce giant. All these point to signs that healthcare may not be as dead as Amazon would have you believe. Read more at Talk Markets about Paul Mampilly

Paul Mampilly is a graduate of Montclair State University, a former manager at Deutsche Bank, ING and Baker’s Trust, and former Managing Director of Kinetics International Fund. During his professional career, he’s managed billions is assets for fortune 500 companies, institutional investors, investment banks and other upscale hedge fund clients. He’s also known for winning the Templeton Foundation investment competition for taking $50 million and buying some of the few profitable stocks during the 2008 recession and gaining 76% on them in one year. He also has been in stories in Barron’s magazine and a guest on the Fox Business Network and CNBC.

Paul Mampilly made a lot of money as a professional, but he renounced that job because he wasn’t getting to be with his family much, and he wanted to help people other than the top 1%. He moved out of Wall Street and into a more suburban area of Raleigh, NC, but he continued to buy stocks and invest and decided to tell others how to do it right through newsletters and articles at Banyan Hill. This company offers investment information for a lower price than most other premium newsletters, and Mampilly gives his followers a detailed look at his portfolio and explains investing in simple terms. His first newsletter, “Profits Unlimited” became so popular that over 60,000 subscribers signed up in just three months. You can get access to that newsletter and others by signing up at www.BanyanHill.com. Read more: https://stocktwits.com/paulmampilly