Paul Mampilly recently wrote an article in an attempt to wake people up about the Bitcoin situation. You see, many people have invested money into Bitcoin hoping to make a large amount of money. However, Paul Mampilly says that the Bitcoin industry is really a bubble and that it will crash very soon. We have already seen some of the effects of this crash when Bitcoin tumbled down in price. Since then, it has not really gone up.
However, Paul Mampilly was warning about this even before the crash happened. It is amazing that he was able to accurately predict what the price of Bitcoin will be in the future and what will happen to the cryptocurrency industry. However, those who are familiar with Paul Mampilly and his career history will not be so surprised. They have come to expect his predictions to be true.
Paul says that the Bitcoin bubble can be compared to the dotcom bubble in the 1990s. At that point, he had a good friend who had invested a lot of money into the dotcom stocks that were soaring at that time. While Paul Mampilly had money invested in those stocks, he decided to sell them. He could see that the gains that investors were making were not going to last. He did not want to lose all of his money in a crash. Being a good friend, he told his friend about his predictions. However, she did not want to listen to him. In fact, she did not want to even talk to him. In the end, she ended up losing all of money, including the capital that she had originally invested. Paul says that the same will happen if you keep holding on to your Bitcoin and do not sell them while you still can.
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