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CNBC host Brian Kelly continues his Bitcoin lobbying with investment advice for mainstream viewers.
Bitcoin is going to âAmazon the banks,â CNBC host Brian Kelly told viewers Monday in a mainstream plug for the cryptocurrency.
As part of the networkâs Fast Money segment, Kelly, who is a well-known proponent of Bitcoin and frequently advises investment, outlined three reasons why consumers should buy now.
âDemonstrated demand for the productâ and a âmassive addressable marketâ are the two other key factors making Bitcoin a good bet, Kelly explained.
âAmazon comes in, they go direct to the consumer⊠âDTC,ââ he said. âWell, this is âBTCâ - the Bitcoining of the banks.â
Why buy #bitcoin? @BKBrianKelly has three reasons to get in pic.twitter.com/0acYhvDfe2
â CNBC's Fast Money (@CNBCFastMoney) October 30, 2017
Kelly has become increasingly vocal on Bitcoinâs virtues in recent months as the cryptocurrency reaches new all-time price highs time and again.
Even during the fallout from Chinaâs trading and ICO ban when prices halved, Kelly remained steadfast in his support, giving CNBC viewers hints as to the perfect floor to buy more. At the time, that was $3,600 - around 65 percent of todayâs price. He continued:
âNow I have a product that people want in a market that is massive and thereâs a disruptive technology going on. To me, those are the three elements of any investment that I want [...] Itâs one of the best investments out there.â
As Bitcoin celebrates its ninth birthday, prices continue to delight investors big and small, retesting all-time highs of $6,300 seen just this weekend.
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.