10x Research: If the inflation rate is 3.3% or lower, Bitcoin could reach new highs
On May 30th, 10x Research stated in its latest market analysis report that when the market generally expected the inflation data on May 15 to disappoint again, our model predicted a slight decrease in inflation data. When we modeled inflation for the next two months, inflation might hover at similar levels and a downward trend would soon appear. If the inflation data is 3.3% or lower, Bitcoin should hit a new historical 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 an issue. It is not only turning into a moderately strong favorable factor but also may turn into a stronger driving force by late summer as our model predicts that inflation will decline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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