Paul Mampilly has managed client accounts that contained millions of dollars. He has worked and managed investment accounts for the Royal Bank of Scotland. He has been an account manager for two decades, and he has a lot of experience with his own investments. He has seen his investments go through various bubbles during the decades that he has invested, as such is the nature of investing. He was able to develop a skill for spotting bubbles when they occur. Visit the website paulmampillyguru.com to learn more.
He is convinced that the Bitcoin mania is just a bubble, just like all the rest of the bubbles. He firmly believes that the Bitcoin bubble will crash very soon. However, he says that there are still a few ways that you can profit from Bitcoin. Even if it is going to crash, you have to look for the good aspects and see what you can take out of this experience.
Good investors look for the good parts of every opportunity. They will take advantage of every opportunity that comes their way. In the case of Bitcoin, says Paul Mampilly, it is the blockchain technology. Although Bitcoin itself serves no purpose and will not bring you anywhere, the fact is that the technology behind it is very valuable. Blockchain is a very complex technology. It is hard to understand if you are not a tech junkie. Therefore, we will not go into the details about this technology. Rather, we will suffice to say that blockchain is very promising, and a lot of companies are starting to adopt the blockchain technology for their various business needs. You should invest in blockchain companies because although Bitcoin itself will burst, the technology behind it does have something substantial behind it and is a good investment. View Paul’s profile on Linkedin.
Paul Mampilly likens this to Amazon. Yes, a lot of the dotcom stocks crashed, Amazon among them. However, Amazon continued to grow later on. If you would have bought their stock then, you would be rich now. Even during a crash, says Paul Mampilly, there is always something that you can take away from it and profit with it. For Amazon, the idea was great, but the time was not right. With Bitcoin, the idea behind it, meaning blockchain technology, is great as well. Invest in the blockchain technology as it is being used by many companies around the world. Visit: https://affiliatedork.com/banyan-hill-publishing-investment-advice