Mena stated that inflation data will fall further and that as the macroeconomic outlook becomes clearer, Bitcoin reserve and ETF inflows will accelerate and the price will rise.
Mena thinks Bitcoin could reach $200,000 by the end of the year.
“This cooling trend in inflation strengthens the case for a possible easing of policy later this year.
As the Fed's June meeting approaches, the focus is now shifting to how quickly policymakers can respond to cooling inflation and changing macro clarity.
At this point, yesterday's inflation data could act as a bullish catalyst for Bitcoin and bring the $200,000 target forward by a few months.
“If disinflation momentum continues to build, $200,000 is now firmly in play for Bitcoin by the end of the year.”
The 21 Shares analyst recently said that rising spot ETF inflows, regulatory progress and US President Donald Trump’s $BTC strategic reserve plan could accelerate Bitcoin’s rise above the $105,000-$110,000 range and push it above $138,000 by summer.
*This is not investment advice.