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 a CNBC interview from yesterday, April 13.

In response to a question about Draper’s high 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 continues by noting that an increase of institutionalized money into the crypto sphere - Rockefeller’s VC arm, a Goldman Sachs executive, and Soros Fund Management - may dampen the volatility of cryptocurrencies, making them easier to use as actual currencies, and making it take four years (rather than two) to reach Draper’s suggested 2022 price point.

https://cointelegraph.com/news/cnbcs-brian-kelly-supports-tim-drapers-btc-prediction-of-250000-by-2022