PANews reported on February 27 that according to Theblock, Bitcoin has experienced a turbulent week, falling 21% from its all-time high of $110,000. Matt Mena, a cryptocurrency research strategist at 21Shares, believes that there may be some positive catalysts in the future. He pointed out that Nvidia's strong earnings report on Wednesday and possible signs of further cooling of inflation in Friday's core PCE data are key events that may push up Bitcoin prices.

Matt Mena said: "Positive regulatory tailwinds, coupled with strong Nvidia earnings (which indicates continued AI-driven demand and boosts overall risk sentiment), coupled with positive personal consumption expenditures (PCE) inflation data this Friday, could create the perfect macro environment for Bitcoin to not only reclaim its previous highs, but potentially break through $150,000 as institutional and retail confidence soars."

Matt Mena also stressed that regulatory clarity could be a game changer for Bitcoin, especially in terms of attracting institutional capital. He added: “If the U.S. provides clear guidance on stablecoins and broader digital asset regulation, we could see a significant influx of institutional money into the space.”