Paul Mampilly gives his insight about cryptocurrency

Paul Mampilly recently published an article about the investment woes of the cryptocurrency bubble. This is not the first time that Paul has predicted a crash of the market caused by an economic bubble. The 2001 crash of the market was something that he foresaw and tried to warn some of his friends that had immersed profits up to six figures, but it was all in vain. Visit to know more. Finally, when the market came to its knees, Paul and his analyses stood out to be accurate and factual. Similarly, his critiques about the bitcoin market have not been welcome as Paul Mampilly has received emails from other investors accusing him that he feels bitter about missing in on investing on cryptocurrencies and that’s why he is so cynical about the investment venture. However, Paul Mampilly is not one to be petty and has clearly outlined acts to support his opinion that this is another economic bubble that is a dead end for investors similar to 1999. Just like in 1999 when the stocks went up with insane figures such as 1,000percent, a similar situation is happening in the world of cryptocurrency with coins such as Etherium going up by 13,000percent just in the year 2017 alone. Bitcoin is among the most popular of all cryptocurrencies and is now valued at over $19,000 having been launched as a form of exchange and equitable pay among peers in 2008. Visit Bloomberg to know more about Paul Mampilly. Bitcoin was then spurred into growth by a growth of interest in the coin and subsequently the recognition of it as a currency, and a mode f payment also grew. By the year 2017, countries such as Japan had passed bills that required organizations to use bitcoins as a legal form of currency and Russia was also on the verge of imposing the same. Clearly, the trading, buying, and selling of cryptocurrency have outweighed the actual functional value of the coin, and this is a real sign of an economic bubble just waiting to burst, and investors will suffer loses in the end. Also, Paul looks on the other side of the coin and points out that the technology underlying the cryptocurrencies is quite phenomenal and may revolutionize many of the aspects of the market in the years to come. Paul firmly states that the blockchain technology employed may change forms of transactions used in the real estate and also making the process of lending and borrowing across the world a simple one.