Over the course of a career beginning in 1991, Paul Mampilly has learned every boom must be followed by a crash of some sort and has recently warned of the problems he sees beginning as the Bitcoin bubble grows. Cryptocurrencies have shown themselves to be a consistently rising option for those interested in creating a successful investment portfolio over the last few months when the value of each coin mined using complex algorithms jumped to an unheard of $19,000 per coin; one of the world’s leading investment specialists decided this was the moment to warn investors to sell their cryptocurrencies before the bubble he believes has been developed bursts.
Paul Mampilly admits a certain amount of uncertainty is seen with any decision about when to sell a successful investment but the growing level of uncertainty about Bitcoin means this has become the perfect time to sell off cryptocurrencies before they fall to pre-boom levels. As a former winner of the Templeton Foundation, Paul Mampilly believes the Bitcoin bubble is about to burst and feels his role as an investment advisor provides him with the need to explain his position to those who follow his advice and those who are looking for assistance with their financial situation.
After carefully examining the position of Bitcoin, Paul Mampilly believes a bubble is growing around the cryptocurrency and this will not be a long-term option for creating a successful investment portfolio. Paul Mampilly believes the growing level of success many investors are seeing from investments of just $10,000 which are now worth around $190,000 will eventually crash in value leaving those who feel the natural impulse for greed to overcome the analytics which states the bubble will soon burst.
An ever-expanding market for Bitcoin has been growing over the curse of 2017 which has been highlighted by a growing number of successful, established companies embarking on Bitcoin mining as they feel this will lead to greater profits; in this way, the growing Bitcoin market is reminiscent of the tech sector crash of 1999. Paul Mampilly survived the tech crash of 1999 without losing a cent of his personal funds by removing himself from the market long before the bubble burst.