Famous Analyst Talks About the Last Rise in Bitcoin and the Fate of BTC! "Not Profit of Mind"

Ryan Payne, Chairman of Payne Capital Management, issued a strong warning about the future of Bitcoin during an appearance on FOX Business’ Mornings with Maria program. Please provide the text to be translated. Despite the recent rise in cryptocurrency and increasing institutional interest, Payne argued that Bitcoin’s volatile history and speculative nature could inevitably lead to a collapse, likening this scenario to the 2008 real estate bubble. Please provide the text to be translated. Bitcoin has experienced significant price fluctuations over the years, with Payne pointing to historical drops of over 60% to 70% multiple times. Criticizing BTC as an unreliable store of value, Payne said, “If you’re running a business and holding cash in Bitcoin, that’s madness.”

Payne’s remarks extended to MicroStrategy, a company that heavily invested in Bitcoin. MicroStrategy’s shares have risen by about 500% this year, largely due to the impact of its $4 billion Bitcoin holdings. However, Payne described this strategy as risky and unsustainable, emphasizing that the company’s current value of around $90 billion is far from producing a modest income of $500 million.

Making a comparison, Payne stated that a company like Enbridge Inc., which has an annual revenue of $50 billion and a 6% dividend yield, offers a much more stable and profitable investment. In contrast, MicroStrategy’s business model seems to be entirely dependent on the continued rise in the price of Bitcoin, which Payne describes as a ‘house of cards’.

During the current rally, when asked whether he would consider investing in Bitcoin, Payne was firm: “I do not own Bitcoin and I will not own it here. At some point, it will collapse.” He likened the situation to the dramatic drop caused by the excessive leverage in the real estate market, which stopped the price from climbing during the 2008-2009 financial crisis.

MicroStrategy suggested that it could face a difficult year if the value of Bitcoin falls. Payne referred to the difficulties the company faced during the dot-com bubble, saying, ‘This would not be their first collapse.’