🔸Bitcoin Could Reach $200,000 Thanks to U.S. Inflation.
Inflation in the United States did not rise as much as expected, which is good news for the economy. An expert from 21Shares, Matt Mena, says this could cause the price of Bitcoin (BTC), the most well-known digital currency, to rise significantly, possibly up to $200,000 by the end of this year.
The cost of living (CPI), which is a measure of inflation, increased very little (only 0.1%). This suggests that the U.S. central bank (the Federal Reserve) might decide to lower interest rates, which is usually positive for the value of Bitcoin.
Mena explained that if Bitcoin manages to surpass $105,000-$110,000, it could quickly rise to $120,000. And if it continues this way, reaching $200,000 by the end of the year is a real possibility.
In addition to this, there are other factors helping Bitcoin, such as more large companies and governments using it, and soon there will be new rules for digital currencies that make it safer. All of this, along with lower inflation, could lead to more people and businesses investing in Bitcoin, boosting its price!