Paul Mampilly Likes Bitcoin But Calls It A Bad Investment

Paul Mampilly wrote an article for Banyan Hill that talked about cryptocurrency and how it could be beneficial to the future of currencies and their decentralized use. He likes what cryptocurrency has to offer, but he says for now that he’s going to stay away from Bitcoin. The reason he’s not going with Bitcoin is because its market value went high, but it became too high that now a bubble has formed. It’s the same kind of bubble that the tech industry faced in 2000 and the real estate market in 2008. While Bitcoin will need some time to come down in price, Mampilly did say another digital currency investment is out there, and he shares what that is with his newsletter subscribers. Visit Bloomberg to know more about Paul Mampilly.

Paul Mampilly primarily writes newsletters today for Banyan Hill because he can give people advice on buying stocks without having to go through the typical Wall Street propaganda machines. He himself worked on Wall Street for more than 20 years but never truly became a part of it. Mampilly did earn the respect of the managers at ING, Banker’s Trust and Deutsche Bank for making investment choices that brought solid gains to investor funds. He grew investor accounts even more when he became a portfolio director at Kinetics International Fund, and the firm was mentioned in Barron’s magazine for growing its total AUM from $6 billion to $25 billion. Mampilly also won an investment competition in 2009 for buying stocks without shorting them that ended up growing $50 million in startup funds to $50 million.

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Paul Mampilly left his successful life because he was spending too much time in the office and not enough with his family. He had also bought his own stocks and made profits buying in Facebook, Netflix, Nikon and eventually Sarepta Therapeutics which paid huge dividends in a short period. Mampilly knew if he provided the right information that anyone could learn how to invest like he did, and Banyan Hill was his choice because their articles were reputable and didn’t cost too much. Paul Mampilly decided to write newsletters with videos that gave his audience a front seat view of his portfolio, and his primary newsletter “Profits Unlimited” picked up 60,000 subscribers in less than a month. Paul Mampilly had many skeptics when he first started writing, but subscribers reviewed his advice and reported some gains in their portfolios as high as 300℅. View Paul’s profile on Linkedin.