21Shares Analysts: US inflation data is weak, Bitcoin is expected to reach $200,000 by the end of the year
Online reports, according to CoinDesk, Matt Mena, cryptocurrency research strategist at 21Shares, said that lower-than-expected U.S. inflation data released on Wednesday may lay the foundation for Bitcoin to accelerate its rise, which is expected to reach US$200,000 by the end of the year. Data from the U.S. Department of Labor showed that the consumer price index (CPI) rose 0.1% month-on-month in May, lower than economists 'expectations of 0.2%. This shows that President Trump's tariff policies have not yet been fully transmitted to end consumers. Mena pointed out that as the macro economy becomes clear, Bitcoin inflows will accelerate, and the restoration of institutional confidence and the advancement of state-level strategic Bitcoin reserve projects may drive an increase in ETF inflows.
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