10X Research: Bitcoin has two weeks as CPI and Fed meeting set next regime

10X Research said the clock is ticking for Bitcoin (BTC), with two weeks and two events—the May CPI report on June 10 and the Fed meeting on June 16 to 17—set to decide its next regime. According to BeInCrypto, Bitwise CEO Hunter Horsley countered that the bigger risk is that “by default, no one cares” about crypto, arguing the asset class is small versus global equities, fixed income, real estate and gold. 10X expects the Fed statement to drop its easing bias and keep rates higher for longer, reiterating its view that Bitcoin acts as a liquidity hedge. It cited inflation and yield pressures and noted its May 16 stop at Bitcoin’s 30-day moving average of $78,404.