21Shares analyst: US inflation data is weak, bitcoin is expected to reach $200,000 by the end of the year

According to CoinDesk, Matt Mena, a cryptocurrency research strategist at 21Shares, said that the lower-than-expected U.S. inflation data released on Wednesday could set the stage for bitcoin to accelerate its rise and reach $200,000 by the end of the year.
The U.S. Department of Labor data showed that the Consumer Price Index (CPI) rose 0.1% month-on-month in May, lower than the 0.2% expected by economists. This shows that President Trump's tariff policy has not yet fully transmitted to end point consumers. Mena pointed out that as the macro economy clears up, bitcoin inflows will accelerate, and the recovery of institutional confidence and the advancement of state-level strategic bitcoin reserve projects may promote ETF inflows.