Paul Mampilly is an American financial guru and investor. He has a very special insight concerning the current bubble on cryptocurrency and why it had an instant crash. He has also served as a hedge fund manager in Wall Street. However, Paul Mampilly says that the bubble in cryptocurrency is almost bursting. He has also won the prestigious Templeton Foundation Investment Competition in the Past. However, Mampilly has not been to predict when the crash on the cryptocurrency market is going to take place. Visit affiliatedork.com to learn more.
He says that people should be extra careful because it is only a matter of time before they lose their finances. By the end of the 20th century, there was a belief that the only outcome of a good stock market was wealth. Mampilly recalls that one of his friends who owned shares in the technology industry had their shares inflate by over 1000%. By any standards, such a break is impressive to anyone with a business mind. However, 1999 marked a great bubble that was like a ticking time bomb waiting to explode. The bubble left the majority of the entrepreneurs without any investment.
Paul Mampilly says that the current cryptocurrency bubble is identical to the tech explosion that occurred in 1999 when the internet came to play. Some of the most reputable companies in the world, with some from the fortune 500, were also not immune to the effects of the tech bubble explosion. Qualcomm Inc. which is now known as NASDAQ: QCOM had its shares increase by 2,619%. At least 12 other stocks of technology companies were up by over 1,000%. An additional seven companies in the tech industry also had their shares grow by over 900%. Mampilly says that investors should be cognizant of the fact that these shares belonged to well-established companies which were even trading on the NASDAQ. Read this article at Forexvestor.com.
Consequently, any finance or stocks expert will tell you the fact that the stocks in the tech industry rose exponentially, was enough evidence that the stock market was out of control. New investors kept coming into the tech industry thanks to the 1999 bubble. The newbies were not aware that they were about to lose lots of money in the stock market. Paul Mampilly says that to be safe, he sold every stock that he had in the New York Stock Exchange and the NASDAQ before the explosion of the 1999 bubble. However, he did not stop to track the market. Check: https://banyanhill.com/expert/paul-mampilly/