Ryan Payne, the president of Payne Capital Management, warned investors about the risks of investing in cryptos stating that crypto is one of the biggest bubbles ever.

Payne noted that he agrees with Charlie Munger, the Vice Chairman of Berkshire Hathaway, that markets now are wilder than the dot-com bubble, adding that the crypto is “becoming a bigger and bigger casino” and “It’s going to be ugly” when it eventually bursts.