Tom Lee, co-founder and strategist of the Fundstrat market research company, claimed that the value of the main Bitcoin cryptocurrency will continue to increase. Cryptocurrency will make substantial gains because the millennials are interested in it, according to Lee.

He added that the way millennia will feed Bitcoin today is similar to the way baby boomers supported the stock market in the 1980s.

In an interview at CNBC's "Squawk Box" on December 12, 2017, Lee said millennials are very interested in digital businesses, social media and Bitcoin. He added that the population group is still more than 20 years old before its number is at its maximum.

"I think the viewers must appreciate, it's a millennial story." The baby boomers were 25 years old in 1982, while that's the baby boomers have driven from 1982 to the maximum population of baby boomers, which was in 1999. The S & P 500 … The Millennials are very interested in digital businesses, social media and Bitcoin. "

Lee's Earlier Predictions

In an interview in October 2017, Lee predicted that the Bitcoin price would continue to rise to $ 25,000 by 2022

During the year 2017, Bitcoin recorded 1700% growth to reach more than $ 17,000 in December, and if this momentum continues until 2018, the prediction of Lee may not be too far away.

Bitcoin Futures Launched by C The ME Group and Chicago Board Options Exchange (CBOE) should propel the Bitcoin price and pave the way for the introduction of a Bitcoin Exchange Traded Fund (ETF), which could affect the course.