That was a quote uttered by Brian Kelly on CNBC's Fast Money segment yesterday.

What was he talking about you might be wondering?

None other than Bitcoin, and specifically Bitcoin's future prices of course.

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This quote came about as Kelly was in a debate with a Bitcoin bear on the Fast Money segment last night.

Specifically, he was in a debate with Robert Shiller when the phrase was uttered.

If you are not familiar with Robert Shiller, he is a Nobel Prize winning economist that called the housing bubble in the 2000's before it burst.

Lately he has been talking about Bitcoin and the possibility of it being in a Bubble.

Also keep in mind that he called the housing collapse in 2003, so he was about 4 years early on his call. Just throwing that out there.

Brian Kelly was up to debate him on that very topic as a battle of two heavy weights got underway!

The most interesting thing about the debate to me was that Shiller seemed to back off some comments he made the other day about Bitcoin. At first, he seemed to be like others calling Bitcoin a bubble without really understanding why it might not be.

Then yesterday with Brian Kelly, he backed off those remarks and said that parts of the cryptocurrency market were likely in a bubble and that a bubble itself doesn't mean it's going to go away, just that prices are going to correct because of irrational exuberance.

Which he very well might be right about.

After all, Bitcoin has died 27 times now since 2009.

Dying a few more times should be expected at this point.

Heck, you can even join in the debate as well if you'd like by visiting the Fast Money Twitter page and taking their poll:

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Which brings me back to the title of my post...

Brian Kelly responded with something along the lines of this:

(Loosely quoted)

"You know, Bitcoin doesn't even have to take over as a primary means of exchange. It doesn't have to replace the dollar or the yuan etc. If Bitcoin were to just become a store of value, akin to digital gold, Bitcoin could go up to $25k per coin and that would still equate to less than 5% of the entire market cap of gold."

That seems very reasonable to him.

So, even if Bitcoin isn't going to be the game changer that some make it out to be, it's still likely to appreciate a lot more from current levels.

Which means in Brian Kelly's eyes, the risk/reward is risking $4600 USD at current levels to receive $25k at some point in the near future worst case scenario, and possibly much higher if it does gain some adoption.

Which is precisely why he uttered the phrase:

"I will take that risk vs. reward all day long."

I will as well Brian, I will as well.

Stay informed my friends.

Sources:

https://cointelegraph.com/news/bubble-expert-shiller-vs-brian-kelly-bitcoin-could-burst-or-take-off

Image Sources:

https://twitter.com/CNBCFastMoney

Follow me: @jrcornel