Bitcoiners bullish over Elon Musk tipping ‘double-digit’ economic growth

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The Bitcoin assemblage is hopeful for the cryptocurrency to again rally aft billionaire Elon Musk predicted that the US system could acquisition important maturation by December 2026 astatine the earliest.

“Double-digit maturation is coming wrong 12 to 18 months,” Musk said successful an X station connected Tuesday, “If applied quality is proxy for economical growth, which it should be, triple-digit is imaginable successful ~5 years.”

Bitcoiners often look to macroeconomic signals, from maturation forecasts to cardinal slope policy, arsenic clues for however broader economical trends could interaction Bitcoin’s (BTC) price.

US Federal Reserve complaint cuts this twelvemonth person been 1 catalyst investors person intimately watched to measure whether easing fiscal conditions whitethorn assistance the terms of hazard assets.

Bitcoiners backmost Musk’s prediction

Bitcoin entrepreneur Anthony Pompliano responded that “the world’s richest antheral is predicting double-digit GDP maturation wrong 18 months. Says implicit 100% GDP maturation is imaginable if AI fulfills its existent potential.”

Meanwhile, Real World Asset (RWA) output infrastructure supplier Oryon Finance said Musk’s predictions are “usually not random noise.”

However, immoderate marketplace watchers questioned the accuracy of Musk’s forecasts. Artem Russakovskii said that Musk’s predictions are not his “strongest suit.”

Bitcoin carnivore marketplace concerns linger

Others echoed fears of analysts tipping a downslide twelvemonth for Bitcoin successful 2026.

Market commentator Bariksis said successful effect to Musk’s station that contempt his prediction “we are going into a carnivore marketplace successful 2026.”

Veteran trader Peter Brandt and Fidelity researcher Jurrien Timmer some said successful December that Bitcoin whitethorn onshore successful the $60,000 terms scope successful 2026.

Bitcoin is trading astatine $87,709 astatine the clip of publication, down 29.89% since reaching caller highs of $125,100 connected Oct. 5, according to CoinMarketCap.

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