Stock Market or Bitcoin – Which Should You Invest In? Here Is Some Solid Advice From Paul Mampilly
In recent weeks, the Dow Jones Industrial Average has been seeing record highs. The economy seems to be doing well. The Dow Jones Average is now higher than twenty five thousand, which it has never reached until a week or two ago. At the same time, there is another phenomenon in the financial investing market. This phenomenon is known as cryptocurrencies. Bitcoin has been seeing all time highs, and the same goes for Ethereum, Litecoin, Ripple, and other cryptocurrencies. At the same time, these currencies have since dropped in price on a large scale, and the market is very volatile.
Which market should you invest in? Should you invest in the stock market, or should you invest in Bitcoin? Which is the thing of the future?
According to financial guru Paul Mampilly, the answer is clear. Of course you should invest in the stock market. You should not invest in Bitcoin, and you should sell all of your Bitcoin as soon as possible in order to prevent further losses as the price continues to go down.
Many people have been comparing the Bitcoin mania to the tulip mania a few hundred years ago. Paul Mampilly says that you do not have to go that far. We can just go back to the dotcom mania in 1999, which turned out to be a huge bubble where many people lost their money.
Paul Mampilly points to two things that are going to drive up the stock market. The first is the emergence of the internet of things. The second is the emergence of the millennial generation into the consumer economy. The combination of these two things will serve to drive the stock market up to all time highs.
Paul Mampilly has proof of this in the form of past history. The same two things existed in 1982. There was the emergence of personal computing, which is similar to the internet of things in that it had the power to disrupt the economy, make businesses more productive, and change the way we lived our lives. Then, there was also the emergence of the baby boomer generation. They contributed to the economy just like the millennial generation is doing now.
Paul Mampilly is the founder of Profits Unlimited, a publication put out by Banyan Hill Publishing. He has 25 years of experience on Wall Street.
About Paul Mampilly: banyanhill.com/expert/paul-mampilly/
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