Paul Mampill Talks The IoT And Bitcoin

American investor and former Wall Street hedge fund manager, Paul Mampilly, has amassed a significant following since joining Banyan Hill Publishing, due to his expert understanding of the stock market, as well as incoming economic trends. As the executive editor of Profits Unlimited, under the Banyan Hill Publishing umbrella, Paul Mampilly regularly divvies out applicable financial advisory strategies to his readership, and he is also the manager of several trading services, including True Momentum, Rapid Profit Trader, and Extreme Fortunes. Recently, Paul Mampilly offered his insight regarding the cryptocurrency, Bitcoin, and the internet of things – two investments that he feels are heading in opposite directions.

Over the last few years, Bitcoin and cryptocurrency as a whole, has risen significantly, causing investors around the world to become involved, with hopes of discovering the next big thing. While Bitcoin has seen significant flashes, eventually rising to a price of 11k, Paul Mampilly is of the belief that the cryptocurrency market is currently in the middle of an extreme bubble, which, he believes, is due to pop in near future. In supporting this school of thought, he references the year 1999, when a variety of bubble stocks began increasing in value rapidly, which, eventually, proved only to occur because of the chatter surrounding its progress. Paul Mampilly believes this is exactly what is occurring with Bitcoin, as people holding stock of the cryptocurrency, will eventually sell off their shares, causing the value to plummet.

One investment that Mr. Mampilly believes will grow exponentially, is the “internet of things,” which includes a wide array of technological instruments that are connected via sensors and the internet. Because these technologies are able to communicate with each other, as well as to people, the room for growth in this budding market is virtually unprecedented. Currently, the internet of things is utilized in nearly all markets, operating in plane engines, smart cars and appliances, and event fitness trackers. According to Mr. Mampilly, the arrival of the internet of things, when all is said and done, will rival that of the technology boom in the 1990’s.

Read More : www.bizjournals.com/southflorida/potmsearch/detail/submission/6455861/Paul_Mampilly

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