According to Odaily, 10x Research's latest market analysis report suggests that Bitcoin could reach record highs if inflation drops to 3.3% or lower. This comes at a time when the market widely anticipates disappointing inflation data on May 15. The report predicts a slight decrease in inflation data, with similar levels likely to persist for the next two months before a downward trend emerges.
The report further suggests that this scenario would continue to provide 'fuel' for Bitcoin spot ETF investors to allocate funds and support prices. According to 10x Research's model, inflation is no longer a problem. It is not only transitioning into a strong positive factor but could become an even stronger driving force by the end of summer as the model predicts a drop in inflation.