Paul Mampilly Discusses the Reasons Why People Should Not Consider Bitcoin for Investment

In recent months, Bitcoin has gained global recognition after its prices grew by 1000%. One would always find someone telling another person that Bitcoin is the future and one would enjoy high returns by investing in Bitcoin. But, according to financial expert Paul Mampilly, Bitcoin is a bubble, and it would soon burst to leave people to lose all of the money they have invested in. He believes that Bitcoin has been growing because of the hype it has created, and once that hype dies out, people will start selling their stocks in Bitcoin, and it would crash. Read more at PRNewswire about Paul Mampilly.

Paul Mampilly admitted that people who had invested in Bitcoin early on have already made profits, but for those who are new to it, it is less likely that they will be able to earn money from it. Since the price of Bitcoin is already at its high, it will decrease moving forward. Thus, he has warned people to stop investing in Bitcoin and instead invest in new technology such as 3D technology that has a bright future since it has started to be used by the construction industry as well.

Paul Mampilly is a well known financial expert with decades of experience in the industry. During his tenure with big financial companies, he was responsible for the multimillionaire accounts of his clients. Due to his investments in the 2000s, he has managed to earn high returns and has been able to retire early in life to follow his passion. He wants to educate people about the financial industry and how it can be used to save money for their future. But, one has to be careful and ensure that they are through with their research or they might find themselves in trouble.

Check: https://www.bloomberg.com/research/stocks/private/person.asp?personId=49260032&privcapId=109183793

Paul Mampilly started a financial newsletter with the name Profits Unlimited that offers its readers insight into the new investment opportunities. The newsletter has more than 60,000 subscribers, and the number has been growing with each passing day. The newsletter is released every month and provides the latest news in the financial market that would help investors make the right investment decision. Paul Mampilly has managed to set Profits Unlimited apart from other similar newsletters by being as detailed as possible. It is also useful for those who are new to the industry and are just learning to invest profitably. Paul Mampilly also provides trade alerts to the readers for interesting trades and also the time when it should be made. Read this article at Daily Forex Report.