CNBC Fast Money’s Brian Kelly: Bitcoin Is Like The ‘Internet
Bitcoin’s price slump since the new year has been attributed by Fundstrat’s Tom Lee to a taxpayer sell off in the US before the tax day, April 17. According to the interview, Kelly agrees with Lee’s analysis, adding that “we’ll know presumably after April 17 if we can hold these gains.”
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.
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