TechFlow news: 10x Research released a new report indicating that while market consensus expects the May 15 inflation data to be disappointing again, their model forecasts a slight decline. Over the next two months, they expect inflation to remain at similar levels, potentially trending downward.
If inflation comes in at 3.3% or lower, Bitcoin should reach a new all-time high. This would continue to provide "momentum" for spot Bitcoin ETF investors, who allocate capital into Bitcoin and support its price.
According to their model, inflation is no longer a concern. It is not only turning into a moderately strong positive factor, but as their model predicts further declines in inflation, it could evolve into an even stronger tailwind by late summer.
