Bitcoin is a unique currency that relies on blockchain data mining and a variety of algorithms to create a digital currency unlike any other federal government or central bank currency that existed before. It’s become of great interest to many cryptocurrency experts, and investor Paul Mampilly even took an interest in it. He mentioned in a Banyan Hill article that had he seen the rise of Bitcoin in 2017, he might have told his followers to capitalize by investing in it. But he now says investors should probably avoid it because there are new risks to buying it. Mampilly said that Bitcoin has become so popular that its prices have been driven higher than they should be, and the correction that results from this is a bubble that bursts similarly to what we saw with the housing market in 2008 and the dot-com bubble before that. He said Bitcoin isn’t likely to have a sudden drop, but it will be coming down at a steady rate.
Bitcoin is not the only investment that Paul Mampilly pays attention to. He has bought many stocks over the years that most investors didn’t foresee the rise of, and he’s moved out of the inner Wall Street circles to share with regular Americans how to find these stocks. He’s an author at Banyan Hill and sends out newsletters from there including his main edition of “Profits Unlimited” as well as “True Momentum” and “Extreme Fortunes.” Subscribers to these newsletters are given information that’s easy to understand and lets them know how to break into stock investing if they’re brand new to it.
Paul Mampilly was an account manager and investment advisor for several big banks including ING, Deutsche Bank, Banker’s Trust and Sears. He earned his bachelor’s degree in finance from Montclair State University and later his master’s from Fordham. After spending the first 15 years in banking and independent consulting, he became a hedge fund manager at Kinetics International Fund. This hedge fund started at $6 billion when Mampilly came there, but it grew to $25 billion rapidly thanks in part to investments he made that yielded over 26% annually.
Paul Mampilly made a $50 million investment in 2008 that matured at $88 million as part of the Templeton Foundation‘s competition that he won. He also bought early shares in Facebook and Netflix before they became the phenomenon that sparked social media and online media streaming. One of his biggest surprises was buying Sarepta Therapeutics stocks when it was little more than concept and seeing it rise to over 1,000% in returns. Extreme Fortunes by Paul Mampilly, 10,000% Marijuana Stock