CNBC Pro

'It will be ugly': Bitcoin bear gives 2 reasons why he thinks the 'bubble' is going to burst

VIDEO4:1804:18
Bitcoin momentum will end and 'it will be 'ugly,' advisor says

Bitcoin is a bubble waiting to burst, according to one investment advisor who thinks there are two severe risks ahead.

The prices of bitcoin and other cryptocurrencies have skyrocketed this year, with the world's biggest digital coin climbing to a record high above $64,800 last week before plummeting over the weekend. As of Tuesday, bitcoin was trading 1% lower at a price of $55,2489.

"I don't know where it will end or how it will end, but it will end," Stephen Isaacs, chairman of the investment committee at financial consultants Alvine Capital, told CNBC's "Squawk Box Europe" on Monday. "And when it ends, it will be ugly because there will be nothing there."

Here are the two reasons Isaacs expects bitcoin prices to come crashing down:

More In Pro News and Analysis

CNBC ProCredit Suisse is bullish on Europe into 2022 — and names its favorite stocks
CNBC ProThese 5 Asia stocks are set to benefit from rising yields, UBS says
CNBC ProEarly holiday retail stock winners post-Black Friday, according to analysts