Paul Mampilly’s pessimistic perception of bitcoins and other cryptocurrencies


As the world around him continues to go into an excited cryptocurrency frenzy, Paul Mampilly maintains his stand that this popular bubble is going to burst. Even though he cannot really point out a specific date and say that this is when the impending crash will occur, Paul is certain that it will take place sooner or later.

Why Paul Mampilly remains optimistic about the world of crypto

The former hedge fund titan is certain that the imminent crypto crash will take place because cryptocurrencies such as bitcoin are following the same trend that the 1999 impressive market rally stocks displayed before taking a nosedive. Paul Cites that in 1999, the market stocks were doing incredibly well to the point that his close friend by the name Tess had invested in technology shares worth more than 1000 percent. She was cashing in big and even Paul Mampilly himself acknowledged that. However, no one knew what lied ahead and that is when the catastrophic crash took place causing big names like Qualcomm Inc. which owned shares if up to 2619 percent incurred major losses. Read this article at Daily Forex Report.

As you can see, just like crypto, these stocks represented even giant firms listed on Nasdaq Composite. These firms had also benefitted from them before the crash too because the stocks rose to tremendous heights as sufficient proof that they were in demand. Thanks to this, investors from all walks of life continued joining in hoping to bag mega-profits only to lose it all. Fortunately for him, his lucky stars were shimmering brightly because he happened to have sold all his shares before 1999. He had no idea that the crash would take place and when it did he tried to persuade his friend Tess to sell her shares but she kept them with hopes that they would gain demand and be popular again. Unfortunately for her, things went from bad to worse and lost them all.

According to Paul Mampilly, this is the same trend that cryptocurrencies are following with myriads of investors rushing in to invest because their peers are earning big. Just like the 1999 technology stocks, everyone who invested in Bitcoins went home a delighted person because they got massive profits. In fact, the value of bitcoins continue to skyrocket with each dawn and is now valued at $19000 dollars a factor that continues to lure more and more investors to join in.

Also, the crypto market continues to receive new entrants with each dawn such as the esteemed Ethereum and other litecoins. This is the exact trend which the 1999 stocks took before plummeting and as such Paul Mampilly advises investors against venturing into these green like pastures as they’ll dry up sooner or later leaving them with colossal holes in their bank accounts.

Criticism

Nevertheless, his firm and cynical stand on the cryptocurrency bubble has not been received very well. Paul reveals that he has received countless emails from crypto investors stating that he is only bitter because he did not purchase bitcoin when he had the opportunity to do so. However, he says that is an absolute lie because like all veteran investors, he takes his time to do a thorough background check before he can invest in any opportunity. He looks at the value and considers various aspects and because the value of crypto can only be determined by the public, it is incredibly difficult to place a value on it and hence that is the first red flag which stops him from investing. However as no one can really tell what the future of the crypto world looks like, so let the mystery unfold. Learn more: https://dailyreckoning.com/author/pmampilly/

 

Shervin Pishevar Predicts the Stock Market Will Tank 6,000 Points in Coming Months

In February 2018, Shervin Pishevar predicted that the market was going to drop an aggregate 6.000 points. This was after the market had experienced a dramatic drop. He gave 50 reasons why he feels that this drop will occur. The overall message that he sent out to the Twitter world is that things relating to the US economy will get worse before they are able to get better.

This Twitter storm lasted 21 hours. This may have come as a surprise to many considering that Shervin Pishevar hasn’t used his Twitter account to share any ideas on leadership, economics, or venture capitalism for over two months. The last time he posted anything was in December 2017 when he announced that he would be resigning from Sherpa Capital, a venture capital fund that he had co-founded and served as a managing director with. This company is known for investing in Uber, Munchery, and Airbnb.

One of the points that Shervin Pishevar mentioned was that there has been a loss in exclusivity in Silicon Valley. He says that it is now an idea that’s gone viral and is borderless. This means that immigrant talent that once needed to come to the United States no longer needs to do so. He warns that innovation that is frictionless is flourishing in other countries. One example he gave was of a team in China that was able to build a train station in just nine hours. His basic point was that the American economy isn’t alone.

Shervin Pishevar predicts that companies that have been built on monopoly frameworks are going to fall. His gloomiest predictions involved Google, Microsoft, Alphabet, Amazon, and Apple. He calls them monopolies and says that they should fall because that is how evolution works. He warned about their ability to buy out small startup companies, which will make the entire system fail. He feels like everyone is turning a blind eye to the power that these giant companies hold.

Not all of Shervin Pishevar’s predictions were dark and gloomy. He predicted that there are a few companies that inspire good work and will continue to rise. He specifically mentioned Virgin Hyperloop One and SpaceX.

https://eca.state.gov/fulbright/about-fulbright/j-william-fulbright-foreign-scholarship-board-ffsb/ffsb-members/shervin