Bitcoin Enthusiasts Optimistic About Musk’s Outlook on Economic Growth

The Bitcoin community remains optimistic about a potential rally, especially after billionaire Elon Musk indicated that the US economy might see substantial growth by December 2026 at the earliest.

“Double-digit growth is on the horizon within 12 to 18 months,” Musk declared in a post on X this Tuesday. He added, “If applied intelligence serves as a gauge for economic expansion, triple-digit growth could be achievable in about five years.”

Bitcoin enthusiasts frequently monitor macroeconomic indicators, including growth forecasts and central bank policies, as indicators of how wider economic trends might influence Bitcoin’s (BTC) pricing.

The US Federal Reserve’s rate cuts this year have emerged as a key factor for investors evaluating whether relaxed financial conditions could elevate the prices of risk assets.

Bitcoin supporters endorse Musk’s forecast

Bitcoin entrepreneur Anthony Pompliano responded that “the world’s wealthiest individual anticipates double-digit GDP growth within 18 months, asserting that over 100% GDP growth is feasible if AI reaches its full potential.”

Meanwhile, Real World Asset (RWA) yield infrastructure provider Oryon Finance remarked that Musk’s predictions are “typically not random noise.”

Nevertheless, some market observers expressed skepticism about the reliability of Musk’s forecasts. Artem Russakovskii noted that forecasting is not Musk’s “strongest suit.”

Concerns about a Bitcoin bear market persist

Others echoed concerns regarding analyses suggesting a downward trend for Bitcoin in 2026.

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Market commentator Bariksis stated in reply to Musk’s post that even with his prediction, “we are heading into a bear market in 2026.”

Veteran trader Peter Brandt and Fidelity researcher Jurrien Timmer both suggested in December that Bitcoin might settle around the $60,000 mark in 2026.