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10x Research: Bitcoin could hit new highs if inflation is 3.3% or lower
2024-05-30 02:44
Odaily News 10x Research said in its latest market analysis report that when the market generally expects that the inflation data on May 15 will disappoint again, our model predicts that the inflation data will fall slightly. When we model inflation for the next two months, inflation may hover at a similar level and soon turn downward. If the inflation data is 3.3% or lower, Bitcoin should hit a record high. This should continue to provide "fuel" for Bitcoin spot ETF investors to allocate funds and support prices. According to our model, inflation is no longer a problem. Not only is it turning into a medium-strong favorable factor, but it may turn into a stronger driving factor as we enter the late summer as our model predicts that inflation will fall.