TechFlow news, June 12 — According to CoinDesk, Matt Mena, crypto research strategist at 21Shares, said that weaker-than-expected U.S. inflation data released on Wednesday could lay the foundation for an accelerated rise in Bitcoin, potentially reaching $200,000 by year-end.
Analysts noted that U.S. Labor Department data showed the May Consumer Price Index (CPI) rose 0.1% month-on-month, below economists' expectations of 0.2%, indicating that President Trump's tariff policies have not yet fully passed through to end consumers. As macroeconomic conditions become clearer, Bitcoin inflows are expected to accelerate, with recovering institutional confidence and advancing state-level strategic Bitcoin reserve initiatives likely driving increased ETF fund flows.
