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Strategist: US PCE Inflation Data Could Act as a Catalyst for Bitcoin Rebound

2025.02.27 19:48:18

On February 27th, Matt Mena, the Crypto Research Strategist of 21Shares, pointed out that the strong earnings report released by Nvidia on Wednesday and the potential signs of cooling inflation in the US core PCE data on Friday are key events that could boost the sentiment of risk assets and thus drive the price of Bitcoin. Mena stated: "A positive regulatory environment, combined with Nvidia's strong earnings report - which indicates that the demand driven by AI will continue and boost the overall risk sentiment, as well as the potentially positive PCE inflation data to be released on Friday, could create an ideal macro environment for Bitcoin. It not only has the potential to return to its previous high but may even break through $150,000 as institutional and retail confidence surges." Mena also emphasized that regulatory clarity could be a game-changer for Bitcoin, especially in attracting institutional capital. He added: "If the US can provide clear guidance on stablecoins and broader digital asset regulation, we may see a large inflow of institutional funds into this space." (The Block)
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