Inflation: The Key to Bitcoin's New All-Time Highs

According to 10x Research, Bitcoin's rise to new heights hinges on inflation data. Institutional inflows, which account for the majority of Bitcoin's recent price surge, are highly sensitive to inflation. When inflation is low, institutional inflows increase, driving Bitcoin's price higher. The next CPI data release on June 12 is crucial, and if inflation aligns with or falls below expectations, Bitcoin is projected to reach new all-time highs. This trend is expected to continue, providing support for Bitcoin Spot ETF investors and bolstering Bitcoin's price.