Matt Hougan, chief investment officer of Bitwise, said in a post on the X platform that he does not think that the higher-than-expected CPI will interrupt the rise of Bitcoin. Whether the Fed cuts interest rates in June is not a long-term driver of Bitcoin prices, but only a marginal factor. The flow of ETFs and the growing deficit problem are more important, and these data are good for Bitcoin.
Messari co-founder Dan McArdle responded to this: "Indeed. Strong economic conditions, low unemployment, and huge government deficits are the secrets to BTC's rise. CPI staying around 3% does not change this situation."