21Shares Predicts $200,000 Bitcoin by End of Year Based on Cooling Inflation

The US inflation report, including the CPI and PPI data, is shaping market expectations for Bitcoin. While lower-than-expected inflation readings may raise optimism in the crypto space, 21Shares analyst Matt Mena predicts a significant price increase. According to Mena, continued cooling of inflation will bolster Bitcoin’s momentum, leading to a potential surge above $200,000 by year-end. He also notes that the upcoming Fed meetings and macro clarity surrounding inflation will play a crucial role in driving further inflows into Bitcoin.