The Daily Forex Report recently published an article detailing the importance of information on the stock market and making trades, specifically in the cryptocurrency market, in the article “Paul Mampilly has Struck Gold Again.” The article was written by Caleb Garvin to explain the recent bubble in cryptocurrency and how it is poised to burst.
According to the financial analyst and investment guru, Paul Mampilly, cryptocurrency is an investment bubble that is ready to burst because it has become the center of attention in popular culture. Cryptocurrencies like Bitcoin have driven large amounts of public interest, however, this might be an indicator that the bubble is getting ready to burst. The digital form of currency is not controlled by banks or the government and exists completely online. Bitcoin was made in 2008 by Satoshi Nakamoto who wanted to create an electronic exchange system for large tech companies.
However, Mampilly points out that the value of Bitcoin is created based on the demand for it and it is dependent entirely on what people believe it is worth. This has created an intense growth period for the cryptocurrency, but it is often unsustainable. Paul Mampilly believes that investors should do a great deal of research prior to investing in any stock, let alone one as volatile as cryptocurrency. Mampilly revealed that because publications kept ranting about how the price of the cryptocurrency continued to rise, people believed it and continued to buy it. However, when the bubble simply could not sustain itself, investors recognized that they could not earn the same gains.
Paul Mampilly graduated from Montclair State University with his BBA in Finance and Accounting. After completing his BBA, he continued to study business at the Fordham Gabelli School of Business. Once he completed his education he went to work on Wall Street, working with large companies like the Deutsche Asset Management, ING Funds, and Bankers Trust Company. He became the Senior Portfolio Manager at Kinetics Asset Management where he grew the hedge funds from $5 billion to $25 billion.
However, Paul Mampilly soon recognized that he wanted to help the average American make the same kind of gains in their investments. He started working with Banyan Hill Publishing to create Profits Unlimited.
For details: www.dailyforexreport.com/paul-mampilly-struck-gold/