Bitcoiners seized on Elon Musk’s latest economic forecast, arguing it could support another bitcoin rally.
Musk wrote in an X post that “double-digit growth is coming within 12 to 18 months,” and added that “triple-digit” growth could be possible in roughly five years if “applied intelligence” is a proxy for economic growth.
Macro narrative and bitcoin
The comments landed as bitcoin traded around $87,709 at publication, down 29.89% from its Oct. 5 high of $125,100.
Traders often watch macro signals such as growth forecasts and central bank policy when forming views on bitcoin.
The article noted US Federal Reserve rate cuts this year as one catalyst investors have monitored for whether easing financial conditions could lift risk assets.
Supporters amplify the call
Bitcoin entrepreneur Anthony Pompliano responded to Musk’s post:
“The world’s richest man is predicting double-digit GDP growth within 18 months. Says over 100% GDP growth is possible if AI fulfills its true potential.”
Real-world asset yield infrastructure provider Oryon Finance also said Musk’s predictions are “usually not random noise.”
Skeptics and 2026 bear talk
Others pushed back on Musk’s forecasting track record, with Artem Russakovskii saying predictions are not his “strongest suit.”
Market commentator Bariksis said that despite Musk’s optimism, “we are going into a bear market in 2026.”
Veteran trader Peter Brandt and Fidelity’s Jurrien Timmer have also suggested bitcoin could trade in the $60,000 range in 2026.
