Bitcoin Price Soars; Experts See Further Growth Ahead.

Bitcoin's value is rising fast, similar to gold, a valuable metal. On Monday, Bitcoin's price reached $30,797, its highest since July 15.

This month, Bitcoin's value went up 14%, while gold's value rose 6.7%. Gold's price started to go up earlier because of issues between Israel and Hamas and people's thoughts about the economy.

Greg Magdini, an expert at Amberdata, said in an email that both Bitcoin and gold are doing well because people are worried about money losing value. Magdini thinks Bitcoin is special because it can be moved easily, it's safe from inflation, and governments don't control it. 

Blockware Solutions, a blockchain firm agrees. They think Bitcoin is like a safe place during uncertain times. They also stated that people are excited about a new way to invest in Bitcoin i.e Bitcoin ETF.

Alex Thorn, a researcher, mentioned that how people are trading Bitcoin shows it might continue to go up in price. Thorn believes this means Bitcoin's price might jump even more soon.