Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies, has been advocating Bitcoin since long. The BTC bull didn’t back off even while the Bitcoin price crashed hard in the market, as he mentioned that it would rise back again.
A large part of his predictions can be held true, since now the BTC price is rallying up and can not be ignored. Kelly said from Hoover Institution’s annual Monetary Policy Conference at Stanford University on Friday said,
“It’s a serious market. When I would go to events like this in years past, you would kind of dismiss bitcoin. But it’s been brought up several times at this conference and taken quite seriously. And I think you have to with a market cap at half a trillion dollars.”
On Friday, at 5:15 p.m. ET, The cryptocurrency reached $9,700. While significantly lower than its mid-December highs around $19,700, the coin continues to regain losses from lows of around $6,000 earlier this year.
Kelly also lauded the investment bank firm Goldman Sachs for its plans to open the first BTC trading firm of any Wall Street bank for pushing the demand higher. He said,
“Goldman made a big move into the cryptocurrency space. They are definitely the leaders among the institutions in the space.”
Finally, Kelly said Blockchain Week New York City, BTC’s biggest event, is coming up next week, helping to generate more buzz around the coin.
Also Read: Bitcoin Bull Spencer Bogart Says Big Bank To Move in Line With Goldman Sachs
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