MicroStrategy Inc. MSTR executive chairman Michael Saylorgrows Bitcoin BTC/USD bet could dismantle the “magic money creation machine” and cause it to collapse, an investment expert has warned.

What happened: Appears in a recent episode of the All-In Podcast: Gavin BakerManaging Partner and Chief Investment Officer of Atreides Management LP warned that Saylor’s Bitcoin bets could become “too big for the size” of MicroStrategy.

Baker criticized Saylor’s strategy of issuing debt and buying Bitcoin. “What he is doing is issuing debt and buying Bitcoin on the premise that it will always go up.”

However, Baker is cautious here. “There are no trees growing in the sky,” he said, adding that interest costs for the company will continue to rise if Saylor continues.

“The underlying company that pays the interest expense on the debt only generates $400 million per year.”

“If debt investors don’t have absolute confidence, it will reach a point where it becomes too big for the size of its business,” Baker said.

If Saylor collateralizes Bitcoin too heavily, Baker warned that the “magic money creation machine” will collapse.

See also: Michael Saylor says his Bitcoin strategy is simple: “Just keep buying BTC with your excess capital”