These are the predictions on Bitcoin growth this year

But experts have now said that the price could double or even triple during 2018.

Tom Lee co-founder and head of research at “Global Consultants Fundstrat” has a history of the correct forecast for Bitcoin.

In August last year, he said cryptocalation would increase more than $10,000. And in December it came out like he said. In fact, growth went to bigger numbers than researcher Lee had predicted. In December, Bitcoin's currency value rose to $19,000, CNN reporting.

Lee said Bitcoin would eventually triple the value and use it as a substitute for gold.

I think Bitcoin is something you have to possess”, Lee said.