Recently, billionaire investor and early Bitcoin proponent Tim Draper made a big bet of Bitcoin stating that the cryptocurrency could multiple by thirty times till 2022 thereby touching the $250,000 levels. Well, this seems to be quite a huge target for Bitcoin considering the current conditions of its correction by more than 50% since the start of 2018.

However, Draper holds a promising track record when it comes to predicting the Bitcoin price. Back in 2015, Draper said that BTC will close the year of 2017 at above $10000 levels, and we all know how it successfully managed to end the last year above $13000 levels.

Tim Draper has also received support for his BTC predictions with CNBC’s Brian Kelly backing it openly. During an interview last week, Kelly in response to Draper’s prediction said that even if “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 also pointed that latest inflow of billions-of-dollars by big institutional players – like the Soros Fund Management, the Rockefeller family or some of the Goldman Sachs executives – may help to bring the crypto volatility under control, making it easier to use digital currencies.

Kelly says that cryptocurrencies have managed to foster in countries with unreliable governments of banking systems or the ones under ailing economic conditions. When asked that why would one bet on cryptos with a possibility of losing 20 percent or more, Kelly said:

“Well, listen, it’s better than losing 100 percent if your assets are seized by a rogue government.”

Kelly also said that BTC can touch $25000 by end of 2018 and one of the key points driving this would be the transaction volumes. Kelly said:

“If the number of transactions […] catch up a bit, then I do think we’ve bottomed here and I do think we’ve got a sustainable bull run ahead of us.”