Paul Mampilly is an American financial guru. Recently, he has written an article about the cryptocurrency bubble and the pending crush that awaits them. Paul Mampilly is a former hedge fund manager, and his expertise on matters of finances cannot be ignored. Paul Mampilly has emphatically declared that the cryptocurrency bubble is about to burst. Although he has not specified the time frames in which he expects that to happen, he says that it is just a matter of time before it happens. The former winner of the Templeton awards adds that when the bubble bursts many investors will lose their money because they will not be prepared. It will get them off guard, and the hue and cry from investors will be all over.
Paul Mampilly gives an example of something that happened in 1999. Many investors then believed that the stock rally that was witnessed then would make them wealthy. One of Paul Mampilly’s friend known as Tess was an investor. She had bought technology stock shares that were performing very well. In just a short time, the stocks were up by 1000%. Paul Mampilly was envious of his friend’s achievements. The profits she had made from her investment was impressive. However, something was in the offing, and many investors did not have an idea about it. 1999 was to be the year of the greatest bubble that would explode and leave thousands of investors grieving from the loss of money. The 1999 bubble was not just another inflated stock that anyone could easily suspect.
It was supported by the biggest companies in the business such as Qualcomm Inc. among other technology stocks. Ideally, this was a stock rally that was supported by the biggest companies in the stock markets. Most of these companies were listed under the Nasdaq Composite index. The prices kept going higher and higher consequently drawing in more investors into the trap. A large number of newbie traders joined the investment even without prior information about the sticks they were buying. The market was driven up by the hype that had been created, and investors kept on adding capital. What the newbies didn’t know was that the bubble would explode right in front of their eyes even before they made any significant profits.Paul Mampilly draws a similarity between cryptocurrency and the 1999 technology stocks. He predicts that Bitcoin and other cryptocurrencies will suffer the same fate. Paul Mampilly’s advise to investors is that they should be very careful with them if they do not want to lose their hard-earned money.