Cryptocurrencies have gained a lot of popularity ever since the price of Bitcoin skyrocketed in the past months. There has been news that people were selling their assets to purchase Bitcoin stocks because they believe that the price will further increase and they would stand to gain a lot of money just like many other investors. Paul Mampilly, the editor of Banyan Hill Publishing, share some insight into Bitcoin and cryptocurrency investments. According to him, Bitcoin is a big bubble, and when it bursts, people will lose all of their money. He advises people to be cautious when investing in Bitcoin so that they do not lose their hard earned money. There is no doubt that Bitcoin has a lot of potentials to become a mainstream currency, but there are many problems that the industry is facing at the moment. Till those problems are resolved, the cryptocurrency market will find it difficult to stay profitable for long. Visit at stockgumshoe.com to learn more.
Paul Mampilly has been getting a lot of questions not just from his readers but his family and friends as well about cryptocurrencies especially Bitcoin. He has openly told them that Bitcoin is a bubble and it will burst any time soon. There was a time when he had Bitcoin stocks, but he sold them since he came to know after research that it will lose money. Even though the price of Bitcoin increase in the third quarter of 2017, it has since then declined. Experts feel that the price of Bitcoin will increase to a great extent by 2020. But, Paul Mampilly is of the opinion that these are just strategies to lure people into investing in Bitcoin. Once the price of Bitcoin increases, most of these investors will sell them and it is the common people who will suffer the most.
Paul Mampilly is an expert investor who has worked in the industries for many years. After graduating from Montclair State University in Business Administration and then earning his MBA degree from Fordham Graduate School of Business, he has always wanted to enter the financial world. His first job was with the Bankers Trust and then shifted to many other financial companies such as ING and Deutsche Bank. But, the fast-paced industry was too much for him, and he wished to retire early. Paul Mampilly had already invested a lot of money in profitable schemes and retired early only to join Banyan Hill Publishing as its financial editor. Watch: https://interview.net/paul-mampilly/