Bitcoin has become mentioned a lot in tech circles, and some investors even have thought of it as being a form of electronic gold that they could use as a hedge for retirement, but Paul Mampilly is warning people that that’s not really a good idea. Mampilly advises people on which stocks they should invest in and how to make sound financial decisions, and Bitcoin is something he’s admired for its decentralized form of e-currency and even mentioned that its surge in the market in 2017 was fantastic. But an article he posted at Banyan Hill stated that it could be a trap for investors now.
Mampilly says Bitcoin certainly was seized on when people understood how valuable it could be for the future of currency and something they could invest in to replace the dollar. But unfortunately it became a little too popular just as websites and e-commerce companies became in the year 2000 and housing debt and mortgages in 2008. Bitcoin has been set to begin its crash says Mampilly, and though he anticipates it will have several periods where it regains market value, he suggests that investors avoid it but look into another digital currency. Mampilly only reveals what this currency is to newsletter readers.
Paul Mampilly had quite a story in coming from a working class Indian family and rising through the ranks to some of Wall Street’s top banks and hedge funds. He was an acclaimed Managing Director at Kinetics International Fund where he grew the assets from $6 billion to $25 billion and protected them from the storm of the 2008 recession. He also won the Templeton Foundation’s investment competition for $38 million in profit he gained for $50 million in stock investments, and he never once shorted stocks. But despite all of this success, Mampilly wasn’t happy living the high life on Wall Street, so he retired while still only 42 years old.
Paul Mampilly decided he was going to advise the investors he wanted to advise, and he would do it without spending nearly all of his day in the office as he had done on Wall Street. He started “Profits Unlimited” at Banyan Hill in 2016, and it became apparent to his followers as they read his newsletters that he really did possess the knowledge he claimed. People started raving about the high returns they were seeing in their portfolio from Paul Mampilly’s advice, and they also complimented him on how easy it was to understand his information. Visit: https://stocktwits.com/paulmampilly