
The Bitcoin community reacted with renewed optimism after Elon Musk suggested the United States economy could enter a period of strong expansion within the next 12 to 18 months.
Musk said accelerating advances in applied artificial intelligence could act as a powerful driver of economic growth.
Double-digit growth is coming within 12 to 18 months. If applied intelligence is a proxy for economic growth, which it should be, triple-digit is possible in around five years.
Elon Musk said.
Bitcoin investors frequently monitor macroeconomic signals, including growth forecasts and monetary policy, to gauge future demand for risk assets.
Market participants said stronger economic growth could support capital inflows into digital assets such as Bitcoin.
Expectations around interest rate cuts by the US Federal Reserve have also remained a closely watched catalyst for crypto markets this year.
Supporters of Musk’s comments argued that looser financial conditions combined with rapid technological innovation could benefit Bitcoin adoption.
Bitcoin entrepreneur Anthony Pompliano echoed Musk’s outlook and highlighted the scale of the forecast.