Subdued U.S. inflation could accelerate Bitcoin rally, says 21Shares strategist

Cooling U.S. inflation is likely to support further upside in Bitcoin (BTC), according to Matt Mena, crypto research strategist at 21Shares. In an email to CoinDesk, Mena suggested that if BTC breaks above the $105,000–$110,000 range, it could quickly climb to $120,000 and potentially reach $138,500 by summer's end. May’s U.S. consumer price index (CPI) came in at 2.4% year-over-year—slightly below the forecasted 2.5%—which Mena views as a key catalyst for renewed bullish momentum, with a $200,000 BTC price by year-end now considered a possibility. Mena also cited improving macroeconomic clarity and the potential for policy easing as factors that could accelerate capital inflows into BTC. He expects institutional participation to rise, driven by increased activity from corporate treasuries and the continued rollout of state-level BTC reserve programs in the U.S. These developments, he said, could boost ETF inflows in the coming months.