Golden Finance News: According to CoinDesk, Matt Mena, a cryptocurrency research strategist at 21Shares, pointed out recently that the lower-than-expected US inflation data released on Wednesday may lay the foundation for the accelerated rise of Bitcoin, and its price is expected to reach $200,000 by the end of the year.
Data from the U.S. Department of Labor shows that the consumer price index (CPI) rose by 0.1% month-on-month in May, lower than the 0.2% expected by economists. Mena analyzed that this data indicates that President Trump’s tariff policy has not yet been fully passed on to end consumers, and as the macroeconomic environment becomes clearer, the inflow of Bitcoin funds will accelerate significantly. He particularly mentioned that the recovery of institutional investor confidence and the advancement of state-level strategic Bitcoin reserve projects might drive a significant increase in the inflow of funds into Bitcoin ETFs.
It is worth noting that Mena’s optimistic prediction is not an isolated view. Recently, as expectations of the Federal Reserve’s monetary policy have shifted towards easing and global macroeconomic uncertainties have risen, the safe-haven attribute of Bitcoin as “digital gold” has once again drawn market attention. Data shows that in the past month, the price of Bitcoin has risen by more than 30% cumulatively, breaking through the $60,000 mark, and the holdings of institutions have also been continuously increasing.
Industry insiders point out that if the US inflation data remains weak, it may further strengthen the market’s expectations for the Federal Reserve to cut interest rates, thereby creating a more favorable liquidity environment for risky assets such as Bitcoin. However, some analysts have cautioned that the price of Bitcoin has experienced numerous sharp fluctuations throughout history. Investors should view short-term predictions with caution and closely monitor changes in macroeconomic policies and the evolution of the regulatory environment.
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