One of the foremost investors in the world, Paul Mampilly, has experienced a number of successes throughout the course of his career, including the investment of $50 million during the economic crisis of 2008, garnering a 76 percent return in just one year. Today, Paul Mampilly is the executive editor of Banyan Hill Publishing’s own, Profits Unlimited, which, to date, has garnered in excess of 130,000 subscribers. In stark contrast to his time as a hedge fund manager on Wall Street, the semi-retired Mampilly now utilizes his uniques skill set to help the average American maximize financial earnings through stock market investments. Recently, the investment expert offered his take on two highly-publicized investments that he believes are trending in opposite directions – Bitcoin and the “internet of things.”
The recent surge regarding Bitcoin has seen the cryptocurrency rise nearly one thousand percent, taking its value to over 10k. This has caused a number of investors to jump aboard the train, yet, in the opinion of Paul Mampilly, investors should take precaution with the cryptocurrency, despite its incredible increases. Based on research dating back to the stock bubbles of 1999, Paul Mampilly believes that Bitcoin will soon peak, and with investors selling off to reap the maximum profits, the stock price with plummet significantly. In 1999, a number of stocks saw significant increases, mostly due to the fact the people were discussing the rising value of them, and with Bitcoin facing very similar circumstances, the Bitcoin bubble is sure to follow the same pathway.
While Bitcoin has garnered the majority of the publicity regarding lucrative stocks, Paul Mampilly believes that another budding tech will eventually supersede cryptocurrency, due to its rapid adoption by established financial entities. The internet of things, which references items such as sensors, smart devices, and smart homes, that can communicate with each other, is rapidly being implemented by established companies, making the companies that supply these new tools, considerably more valuable. He recently referenced a new airplane engine produced by Pratt & Whitney, which utilizes more than 5000 sensors, which all work in conjunction to improve practical function, as well as passenger experience.
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