CTO of Stellar, Jed McCaleb makes a Prediction Concerning his Business

Jed McCaleb has been focused on changing the world ever since he began his career. For someone with such a goal in mind, Jed McCaleb chose a hard industry to work with. He is a world renowned and revered programmer from America who has worked in the video game industry, the file sharing industry, and now blockchain.

 

Every industry that McCaleb has came across, he left for the better. Technology that Jed created at eDonkey is still being used in some peer to peer file sharing programs today. He transformed a simple video game trading network into a worldwide bitcoin exchange. And now, with Stellar, McCaleb is bringing banking services to those that had no previous options.

 

His company, Stellar, which was co-founded alongside Joyce Kim, uses blockchain coding to bring banking services all over the world, primarily in Asia and Europe. The company was created with one goal in mind: correcting the faults in the financial system.

 

As the CTO and co-founder of Stellar, Jed McCaleb is in an excellent position to make educated predictions about the future of both the blockchain and financial industries. Jed believes that in less than 10 years time, we could see blockchain be fully implemented with banks all over the world, even in America.

 

One of Stellar’s American clients, IBM, one of the world’s largest computer part producers, is already using Stellar’s safe and secure software to conduct business transactions all over the world. If Stellar can be trusted to handle such important manners for such a large company, it is no surprise so many small, independent companies from all over the world trust Stellar; Stellar works with dozens of organizations from all over Europe and Asia.

 

If Jed McCaleb’s prediction of a stronger relationship between blockchain and financial institutions comes true, it could change the world. McCaleb even mentioned that he believes even stocks may one day be completed trade through the use of cryptocurrency or blockchain. Securrency, a different blockchain company already allows investors to purchase stocks via bitcoin.

Where Paul Mampilly Says Bitcoin Is Headed

Paul Mampilly is someone that people who want to figure out their own ways to invest often turn to because he’s always on the lookout for new stocks and alerts his followers to them in his newsletters. One investment he’s talked about is cryptocurrency and how Bitcoin has become ever popular in digital investments. Mampilly admitted in a Banyan Hill article that that he missed a chance to buy Bitcoin’s early stocks, but there’s been a little bit of a decline in their value and he’s now saying it’s best to not buy them.

The reason he says so is because Bitcoin is becoming too popular that its price has gone higher than where it was initially thought to go, and as something becomes too popular, its prices usually tend to inflate and then go steadily downward just as what happened with the DotCom bubble and the housing crisis. He did say that it may not be a sudden shock for investors, but eventually its value will shrink by at least 80%. He did say without naming that there is another safer digital currency to buy that you can find out about by subscribing to his newsletters.

Paul Mampilly came from Dubai in the UAE though his family heritage is Indian. He studied finance and economics at Montclair State University in New Jersey and got his first job as a portfolio management assistant at Deutsche Bank. As he caught on to how the markets worked and found solid funds to introduce to client portfolios, he earned promotion after promotion and in time had worked for ING, Sears, Banker’s Trust and a private Swiss bank. He was also in charge of billions worth in AUM at Kinetics International Fund, a hedge fund named by Barron’s as one of the world’s top investment firms.

Mampilly made a lot of personal investments in companies that most experts and analysts didn’t see becoming the phenomena that they did including Sarepta Therapeutics, Facebook and Netflix. He was also the winner of the Templeton Foundation’s 2008 competition for finding an investment yielding 88% in returns and turning $50 million into $76 million. But several years later, he decided it was time to share his investment ideas with middle class investors yet at a more affordable price than what other journals would give them. He achieved over 60,000 followers on his initial newsletter, and you can also see videos from Paul Mampilly with visual aids on YouTube.

Investor Paul Mampilly Predicts the Future for Large Returns