Investors should be angry that the Nasdaq outage can happen but not afraid about investing, Brian Kelly of Brian Kelly Capital said Thursday.
"My point is that you shouldn't be scared. You should be outraged," he said. "You should be outraged that we don't have infrastructure that has backup systems, but you shouldn't be scared about investing, about the value of corporations."
A historic three-hour shutdown of the Nasdaq trading platform, nicknamed the "Flash Freeze," appeared to have been caused by a technical problem.
Stocks, however, ended higher, logging their second-best day in August.
(Read more: Nasdaq shuts down, but stock market shrugs it off)
On CNBC's "Fast Money," Kelly noted that it was a "bad problem" for the Nasdaq.
"But the safety of your money didn't change because Nasdaq had a glitch today," he added. "Nasdaq has a huge problem. They need to tell us what happened. It's amazing to me – it's amazing – that they don't have a backup system."
"I'm a small firm," he added, holding up his smartphone. "I can run my whole firm by this thing right here."
Josh Brown of Fusion Analytics said that investor confidence could be shaken by the debacle.
"If you speak with regular investors who have just in the last year or so been coaxed back off the sidelines after four years of being scared to death, now they're tip-toeing back in, and this is what you give them? You give them three hours where they don't have price discovery on the things they own," he said.