Venture capitalist Tim Draper predicts bitcoin will multiply by 30 times within four years.
He made the forecast Thursday evening at his "Draper Block(chain) party" in California.
Draper tweeted early Friday morning New York time that he was predicting "bitcoin at $25k by 2022," causing confusion among investors.
But he clarified in an afternoon tweet that $250,000 was the correct figure.
"It sounds crazy," Brian Kelly, founder and CEO of BKCM, an investment firm focused in digital currencies, told CNBC on "Fast Money" Friday. "But think about it this way: that's four years from now. That's a 3,000 percent return from here. But over the last two years bitcoin has had a 4,000 percent return. It would be a continuation of that trend."