Elon Musk added that “triple-digit” economic growth could even be possible by 2030; however, some Bitcoiners worry about a 2026 bear market. The Bitcoin community is hopeful for the cryptocurrency to again rally after billionaire Elon Musk predicted that the US economy could experience significant growth by December 2026 at the earliest. “Double-digit growth is coming within 12 to 18 months,” Musk said in an X post on Tuesday, “If applied intelligence is proxy for economic growth, which it should be, triple-digit is possible in ~5 years.” Bitcoiners often look to macroeconomic signals, from growth forecasts to central bank policy, as clues for how broader economic trends could impact Bitcoin’s (BTC) price. Read more
Elon Musk’s viral comments on Bitcoin’s intrinsic ties to energy and physics signal a changing attitude toward Bitcoin from Tesla’s founder. Elon Musk’s ambitious goals of tackling excess spending and inefficiencies in the US federal government may have been futile, but it might have been the catalyst for his changing tune on Bitcoin. Batten clarified that Bitcoin’s energy use comes directly from mining, not through individual transactions, which he described as ‘critically important to understand’ because the network can theoretically process thousands more transactions without needing to expend more energy. “The moment you have this per-transaction metric, it suggests something very insidious, which is, it’s unscalable because as you scale more, then energy use is going to go up as well. And a lot of regulators in Europe still believe that,” Batten said. Read more
The Floki memecoin jumped almost 29% after Elon Musk posted a video of his Shiba Inu dog working as “CEO” of the social media platform X. American entrepreneur Elon Musk triggered a short-term rally in the memecoin market after posting a playful message on his social media platform X. On Monday, Musk shared a post saying that Floki, his pet Shiba Inu dog, was “back on the job” as the CEO of X. The post was accompanied by an AI-generated video of his dog sitting at a desk, donning a tie and glasses, saying “Numbers, numbers, numbers, numbers? Is this working? Yay.” CoinGecko data showed that on Monday, the Floki (FLOKI) memecoin’s price bounced from a low of $0.00006572 to a high of $0.00008469 after Musk’s post, a 28.8% increase. At the time of writing, the asset had corrected to $0.00007998. Read more