Kelly also mentions the recent report by analysts at Barclays that referred to cryptocurrency as a “virus” and an infectious disease that would “never hit another high again.” Kelly notes that the moment right after such negative articles are published is when he “wants to buy any asset, whether it’s Bitcoin or not.”
On Friday, Kelly said in a another interview that he supports investment tycoon Tim Draper’s assessment that Bitcoin could hit $250,000 by 2022.
Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s”, emphasizing that Bitcoin is still in its early stages in an April 13 interview on CNBC’s Trading Block.
When asked about Bitcoin’s potential, Kelly answered that while he used to see crypto as comparable to the Internet in 1995, he now understands that a better comparison is further back:
“I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility.”