Paul Mampilly Warns Investors against Investing in Bitcoin

Paul Mampilly is a Wall Street guru who has shifted focus from helping the wealthy gain more money to helping the vast majority become financially independent. Mampilly is an author at Banyan Hill Publishing and uses the platform to educate people on investment issue. Paul Mampilly in one of his investment newsletter articles is cautioning investors against investing in Bitcoin and other cryptocurrencies such as Ethereum. Cryptocurrencies late last year were in a bubble. Many people who had invested in Bitcoin made millions of dollars as the value increased by more than 1,172 percent. Bitcoin went as high as being valued at 11,000 dollars. Things did not stop there as the prices escalated further by 50 percent and 17 percent respectively.

The sudden market bubble in Bitcoin Paul Mampilly equates it to the bubble that occurred in the US at the end of 1999. According to Mampilly, several firms’ stock prices increased by huge percentages, for instance, Qualcomm Inc stock price rose by 2619 percent. Other 12 Nasdaq listed companies also enjoyed a 1000 percent increase in the value of their stocks, and seven others experienced a stock rise of 900 percent. Mampilly knew that this was the right time to dispose of all his investment stock and that is what he did. Mampilly began to watch the stock market that continued to make incredible gains of 20, 30 and 50 percent on a daily basis.

Mampilly thought that he had made the wrong investment decision, but things turned in his favor in the following two consecutive years 2000 and 2001. The stocks started depreciating. Paul Mampilly believes the current bubble in the cryptocurrency market will eventually crash. Market bubbles are so good that nobody wants to get out such times , Paul Mampilly says. People continue to hold their stocks waiting for the peak time to sell but as they continue to wait, the market comes to a sudden crash, and all of what they had gain is all erased to nothing. According to Mampilly when there is such a market bubble what people need to do is sell all their stocks and wait until the market becomes stable again.

Source of the article : https://ideamensch.com/paul-mampilly/

Venture Capitalist Shervin Pishevar Predicts a Dire Future for the American Economy

Shervin Pishevar is not bullish on the American economy. In a recent “tweet storm,” the venture capitalist predicted an economic downturn in the near future, including a stock market crash and a loss of the nation’s supremacy in the field of technology.

In one of his most dire predictions, Shervin Pishevar believes that the American stock market could drop 6,000 points in a matter of months. Such a drop would erase the recent gains of the stock exchange, which topped 26,000 in January of this year, and represent a decline of around 20 percent in total market value. He further tweeted that the bond market will not necessarily be the place to invest if stocks fall. In another tweet, he predicted a collapse in the Bitcoin phenomenon, with the cryptocurrency later regaining its value.

With regard to the high-tech industry that has so long been dominated by the Silicon Valley, Shervin Pishevar expressed belief that this leadership will soon take a back seat to the rest of the world. He attributes this decline to the fact that technological developments can today be achieved almost anywhere.

In his a positive prediction, Shervin Pishevar believes that economic inflation is a thing of the past, with the increase of the cost in products having largely been transferred to other countries. He attributes the decline of American inflation to changes in trade arrangements. He also expressed hope that the world will eventually develop an economy that is “efficient” and operates in a “frictionless” manner.

Born in Iran, Shervin Pishevar came to the United States as a child and would later in his life play an important role in the creation of more than 60 companies. He was directly involved in the establishment of the venture capital firm Sherpa Capital. In four consecutive years, most recently in 2017, he was named to the Forbes Midas List of venture capitalists.

https://www.caaspeakers.com/shervin-pishevar/