On June 12, according to Coindesk, ETF issuer 21Shares crypto research strategist Matt Mena stated that the latest inflation data from the U.S. this Wednesday was lower than expected, which may lay the foundation for a rapid rise in Bitcoin. By the end of this year, the price of Bitcoin could reach $200,000. If Bitcoin can strongly break through the range of $105,000 to $110,000, we may see the price quickly surge to $120,000, and more importantly, it is expected to reach the target price of $138,500 by the end of summer.
Matt Mena explained that the trend of sustained cooling inflation reinforces the possibility of policy easing later this year. As the Federal Reserve's June meeting approaches, market focus has shifted to how policymakers will respond to cooling inflation and the clarification of the macro situation. This CPI report prompted traders to raise the Federal Reserve's interest rate cut expectations for the year to 47 basis points (equivalent to about two 25 basis point cuts), up from the initial expectation of 42 basis points earlier this week. Additionally, the market has fully priced in a rate cut in October, with the probability of a rate cut in September remaining above 70%.