CNBC's Brian Kelly Supports Legendary Investment Tycoon Tim Draper’s BTC Prediction Of $250,000
After investment tycoon Tim Draper said earlier this week that Bitcoin (BTC) could hit $250,000 by 2022, CNBC Fast Money’s Brian Kelly has supported this prediction. In response to a question about Draper’s bitcoin prediction, Kelly responded that although “it sounds crazy,” when one considers that BTC already had a 4,000 percent return over two years, a 3,000 percent return over four years could be a “continuation of the trend we’ve seen.” Kelly then continues by noting that an increase of institutionalized money into the crypto sphere such as from George Soros, Rockefeller’s VC arm, and a Goldman Sachs executive - may dampen the volatility of cryptocurrencies, making them easier to use as actual currencies, and making it take four years to reach Draper’s suggested 2022 price point.
