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Bitcoin Is Not A Good Investment Says Paul Mampilly

Paul Mampilly is always researching stocks and other investments and sharing with his followers which company or industry stocks they should be paying attention to. He used to provide his insights and advice for only the wealthy clients of Wall Street, but now he gives that information to anyone who wants it at his affordable newsletters at Banyan Hill. Mampilly has focused on finding new companies to invest in that most big name papers won’t tell you about, and one investment he recently brought up was Bitcoin.

Mampilly says he likes what Bitcoin is about because this digital currency is a way for money to become decentralized and not affect people with unstable interest rates. But he says he’s not recommending investing in its stocks because there’s become a bubble with them. The bubble he says has come from Bitcoin growing too popular that its price has become overly high, and since that’s how the bubbles in the dot-com crash and the housing crisis were formed, he predicts Bitcoin will suffer the same fate though not all in one big crash. Mampilly did say that there was another digital currency investors should look at that they can find out by subscribing to his newsletter.

Paul Mampilly worked for several major banks across the world and a New York hedge fund before becoming an independent newsletter author. He immigrated to the US from the UAE to attend Montclair State University back in the 1980s, and he recalls working in a gas station and cafeteria to support himself through those years. But he managed to graduate in 1991 and then got a job as a research assistant at Deutsche Bank, and as he became a savvy investor he started taking over full client portfolio management. ING, Sears, Banker’s Trust and a private Swiss bank all benefited from Mampilly’s expert services as well.

@Twitter: MampillyGuru

Paul Mampilly joined one of the top hedge fund companies in 2006 at Kinetics International and grew their client base to where the AUM reached $25 billion. Barron’s named this hedge fund the “world’s top hedge fund for returns as high as 43%” while Mampilly was there. Mampilly also turned a $50 million investment to $88 million in 2008 when he won the Templeton Foundation’s investment competition. Mampilly is also one of the first investors who bought into Facbeook and Netflix and sold their stock for a hefty profit when they became big companies.

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