Market watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly. “Now, when everyone is saying …

it’s over, that’s it, bitcoin is dead, for the 175th time. Now’s the time you start looking at it, on the buy side,” Kelly, portfolio manager of the BKCM Digital Asset Fund, told CNBC on Tuesday.

With uncertainty over the regulatory environment of digital currencies in South Korea and China, Kelly pointed out that cryptocurrency is in a “hand-off” period, moving from retail Asian investors to U.S., European and Japanese institutional investors. “And that money is still coming in,” he said.

“The flows have not stopped.” “This is not the end of bitcoin,” Kelly said, warning investors that buying the extremely volatile asset when prices are high can be dangerous.

“When we talk about bitcoin being up at $20,000, everyone is running around being all excited,” he said. “Those are the times to be a little cautious.” Read more from cnbc.com…

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