Tom Lee, co-founder and Wall Street strategist at Fundstrat Global Advisors, looks confident that the market continues to know the process of discovery ", predicting Bitcoin could" double easily "in an interview with CNBC on January 9.

By the end of November 2017, Lee was also optimistic about the main cryptocurrency, encouraging his clients to invest , and probably In August 2017, Lee confidently predicted records exceeding $ 6,000 by the end of 2017, but his forecast was largely surpassed, with Bitcoin reaching $ 10,000 by the end of November 2017.

Basing his prediction today on steady growth in the first quarter of 2018, Lee has continued to suggest that Bitcoin may well exceed the peaks seen at the end of 2017.

"We think that by mid-2018 we will be part of the way before, and that's why we get Bitcoin at $ 20,000. If Bitcoin can actually grow to about this level in the first half of this year, I think in the second half of 2018 we will see a bigger movement than that. So, I think Bitcoin is still something you should own.

Lee also believes that younger generations are more likely to invest in Bitcoin in the long run, the way older generations use gold as a store of value.:

"We always think that the easiest way to look at Bitcoin in the long run is to store value. As millennials generate income, they will use it as a replacement for gold. If Bitcoin gets 5% of the gold market, it's around $ 50,000 (per bitcoin). "

Despite the few weeks of volatility in the cryptocurrency market, major traditional financial institutions have shown in the footsteps of CME and CBOE, which have initiated Bitcoin futures in In December 2018, the New York Stock Exchange requested authorization to launch Bitcoin Exchange Traded Funds (ETFs) related to the CME and CBOE futures contracts, while NASDAQ and Goldman Sachs are working on their own trading desks. crypto-currency.

These types of movements in traditional finance have previously stoked the markets, as we saw in the run-up to run in an uptrend. Bitcoin has reached a peak of $ 20,000.