The president of Payne Capital Management has warned that crypto is “one of the biggest bubbles ever.” Stressing that the crypto market is “becoming a bigger and bigger casino,” he predicts that the bubble will eventually burst and “It’s going to be ugly.”
Crypto Is a Big Bubble Waiting to Burst, According to the Financial Adviser
Financial adviser Ryan Payne, president of Payne Capital Management, talked about the future outlook for bitcoin and the cryptocurrency market on Yahoo Finance Monday.
Payne co-designs his firm’s investment and financial planning strategies while supervising all the financial advisers in his firm. Prior to establishing Payne Capital Management, he spent almost eight years as a financial adviser at Merrill Lynch.
The executive began by agreeing with Berkshire Hathaway Vice Chairman Charlie Munger, who recently stated that the current markets are wilder than the dot-com bubble. Noting that “there are pockets of bubbles being formed,” the fin
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