21Shares Analyst: Weak US Inflation Data Could Push Bitcoin to $200,000 by Year-End

According to CoinDesk, 21Shares cryptocurrency research strategist Matt Mena stated that the lower-than-expected U.S. inflation data released on Wednesday could lay the groundwork for Bitcoin to accelerate its upward trajectory, with the potential 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 0.1% month-over-month in May, below economists’ expectations of 0.2%. This suggests that President Trump’s tariff policies have not yet been fully passed on to end consumers. Mena pointed out that as the macroeconomic outlook becomes clearer, Bitcoin inflows will accelerate, and the restoration of institutional confidence, along with the advancement of state-level strategic Bitcoin reserve initiatives, could drive increased ETF inflows.