BTC jumps as CPI hits 3.4%, matching forecasts
Yields dropped sharply on the print, which is what actually pulled rate-sensitive risk higher. Grok's $200K call adds narrative fuel but isn't the investable signal here.
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Yields dropped sharply on the print, which is what actually pulled rate-sensitive risk higher. Grok's $200K call adds narrative fuel but isn't the investable signal here.
The call hinges on a supply squeeze: $52.1B in cumulative spot ETF inflows, a Strategic Bitcoin Reserve absorbing supply, and 401(k) access all stacking against 21 million coins.
Altman's model attaches probability-weighted targets to ETF flows, the US Strategic Bitcoin Reserve, and macro liquidity, but the chart has been stuck in the same $60K-$82K range for six months.
The model anchors its bull case to three live data points: $1.5B in spot XRP ETF inflows, the EU MiCA license, and $2.5B in July RLUSD settlement on the XRP Ledger.
The model leans on Alpenglow throughput gains, $1B+ in spot SOL ETF inflows, and Western Union's stablecoin integration, but a $60–$70 retrace stays on the table if DeFi TVL and memecoin fees don't…