Summary
- Coin Bureau founder Nick Puckrin pointed out that falling inflation and interest rate cuts would boost the Bitcoin (BTC) rally.
- Matt Mena, analyst at 21Shares, stated that net inflows into BTC spot ETFs, progress in crypto regulation, and the US president's BTC strategic reserve plan are driving new investment inflows.
- Accordingly, Matt Mena analyzed that BTC could surpass $138,000 by this summer.
Bitcoin (BTC) is expected to rally, backed by positive macroeconomic factors.
According to The Block, a specialized cryptocurrency media outlet, on the 11th (local time), Coin Bureau founder Nick Puckrin said, "Personally, I anticipate that inflation will continue to decline throughout this year," adding, "In this case, the Fed will cut interest rates, and as a result, BTC will enter the final rally phase of this cycle, with retail investors returning to the market."
Matt Mena, an analyst at 21Shares, stated, "The net inflows into BTC spot ETFs, progress in crypto regulation, and Donald Trump’s BTC strategic reserve plan are all attracting new investors," adding, "Accordingly, BTC could surpass $138,000 by this summer."
Meanwhile, as of 02:00 on the 12th, BTC was trading at $109,439.38—up 0.66% from the previous day—on the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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