Bitcoin Price Surges 6% to Above $30K Level

On Monday (May 30), the price of Bitcoin broke above the $30,000 level for the first time since May 25.

According to data from TradingView, on crypto exchange Bitstamp, the $BTC price went above the $30K level around 2:04 a.m. UTC.

At the time of writing (i.e. 6:47 a.m. UTC on May 30), Bitcoin is trading around $30,713.

The following tweet from Jay Hao, the CEO of crypto exchange OKX, seems to suggest that he believes now that the Bitcoin price has rebounded above the $30K level, it could be headed to $60K.

Mike Alfred, who is Founding board member and first seed investor at Eaglebrook Advisors, which is a tech-driven investment manager specializing in bitcoin and digital assets, seems even more bullish on Bitcoin, believing that its price could reach $100K (or more) by the end of this year.

Yesterday, Bitcoin advocate Dennis Porter, who joined Texas-based Bitcoin-first company Compass Mining as Executive Producer on March 22, advised Bitcoin HODLers to protect their $BTC holdings by getting them off crypto exchanges, lending platforms, and other risky places, and instead to opt for self-custodial cold storage.

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Featured Image by “Donbrandon” via Pixabay.com

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