Elon Musk makes a rare statement regarding the future trends of Bitcoin and silver!

Elon Musk states he has no intention of seriously promoting cryptocurrencies; any mention is just casual and not market-driven, but he also acknowledges Bitcoin’s advantages within the broader financial system. He predicts the US economy will achieve double-digit growth within 18 months and links this to AI applications across various industries. Musk also warns about the rapid rise in silver prices, emphasizing its critical role in electronics, solar panels, and electric vehicle manufacturing, with China’s export restrictions since January potentially reducing international supply.

Elon Musk’s Contradictory Stance on Cryptocurrency: Acknowledgment vs. Rejection

In a recent podcast, Musk stated he has no intention of seriously promoting cryptocurrencies. He explained that any mention of crypto might be casual and not market-oriented. This stance contrasts with his past frequent mentions of Dogecoin and Bitcoin on social media over the years, indicating a subtle shift in attitude.

However, Musk also added that Bitcoin has certain advantages within the broader financial system. This aligns with viewing Bitcoin as a macro asset rather than a speculative tool. He did not specify which advantages, but based on his past comments, it can be inferred he recognizes Bitcoin’s decentralization and scarcity. This acknowledgment is consistent with the trend of traditional finance institutions increasingly viewing Bitcoin as “digital gold.”

Musk also reaffirmed his personal fondness for Dogecoin, mainly due to its meme culture. However, he cautioned observers not to conflate internet humor with economic significance. This reminder is crucial, as past Musk tweets have often triggered sharp volatility in Dogecoin prices. Now, he is clearly drawing a line, attempting to reduce market overreactions to his statements.

Market participants note that his comments show restraint rather than support. Therefore, traders in the main crypto markets have responded with limited reaction. Bitcoin’s price remains influenced by monetary policy expectations and economic growth forecasts, with analysts continuing to focus on central bank signals and liquidity conditions rather than celebrity comments. Meanwhile, Dogecoin trading activity has been relatively calm, indicating current market sentiment is more driven by usage trends than social media influence.

This shift may reflect Musk’s reassessment of his influence. As one of the most influential entrepreneurs globally, his words can be interpreted as investment advice. If misinterpreted and leading to investor losses, it could pose legal and reputational risks. Therefore, explicitly stating “not promoting” is a form of self-protection and a responsible attitude toward the market.

Bold Prediction of Double-Digit US Growth Driven by AI

Musk predicts that the US economy will achieve double-digit growth within 18 months. He links this outlook to AI applications across industries. He believes that continuous AI deployment can boost productivity and output. This growth forecast has caught the attention of Bitcoin holders interested in macroeconomic indicators.

This prediction is extremely bold. Achieving double-digit GDP growth in the US during peacetime is rare; the last similar occurrence dates back to the post-WWII reconstruction period. Musk’s confidence stems from his assessment of AI’s revolutionary impact. He believes AI will enhance efficiency in manufacturing, services, healthcare, education, and nearly all sectors, propelling the economy onto a new growth trajectory.

Some investors see economic expansion as favorable for risk assets. Bitcoin’s price movements are often influenced by overall liquidity trends and optimistic technical sentiment. If the US economy indeed achieves double-digit growth, it could lead to soaring corporate profits, increased employment, and higher consumer confidence—all factors that would drive capital into risk assets, including Bitcoin.

Three Market Impacts of Musk’s Remarks

Bitcoin’s stance is nuanced: recognizes value but rejects promotion, reducing overreaction in the market, with prices returning to fundamentals

AI economic forecast: the vision of double-digit growth in 18 months boosts risk asset confidence, but its accuracy is uncertain

Silver supply warning: rising prices may disrupt industrial supply chains, affecting costs for Tesla and other EV manufacturers

However, there remains disagreement among observers about the accuracy of long-term predictions. Some analysts warn that, amid changing global circumstances, forecasts carry uncertainties. Market commentary also reflects cautious attitudes toward future volatility. Some traders note that, despite optimistic growth expectations, pullbacks could still occur.

Meanwhile, Bitcoin’s price remains below previous highs. Investors are balancing long-term prospects against short-term market pressures. This debate indicates Musk’s technological outlook still influences market discussions. However, decision-making is increasingly data-driven, relying less on individual statements.

Silver Price Surge Warning: Chain Reaction of Industrial Supply Tightness

Musk also commented on the rapid rise in silver prices. He warned that silver remains vital for many industrial processes. Reports of tightening global silver supply have emerged, leading to soaring prices. Silver plays an important role in electronics, solar panels, and EV manufacturing—core areas for Tesla and SpaceX.

Since China began export restrictions in January, related reports have raised public concern. These measures could reduce the available supply for international buyers. Market data shows silver prices hitting new highs, reflecting strong spot demand and limited inventories. Some economists compare silver’s price trend with Bitcoin’s, noting differences between industrial commodities and digital assets.

The debate over energy utilization and store of value has thus intensified. Critics argue commodities are physical products that convert energy into industrial use. Bitcoin supporters counter that Bitcoin is a digital asset linked to scarcity. The discussion continues without reaching a clear consensus.

For Tesla, rising silver prices directly impact production costs. Batteries, circuit boards, and solar panels all require silver. If prices keep rising, Tesla’s profit margins could be squeezed or it may need to raise product prices. This explains Musk’s concern over silver prices—they are not only macroeconomic indicators but also a direct threat to his company’s operations.

Market Restraint Indicates Rationality Returning

Overall, Musk’s comments serve more as background information rather than directional guidance. Investors remain focused on policies, supply chains, and technological applications. Bitcoin’s price continues to be closely tied to liquidity expectations and economic forecasts. Silver prices reflect supply tightness rather than speculative fervor. Despite widespread attention, Musk’s remarks have not triggered significant price swings.

Markets appear more driven by fundamentals than individual factors. This signals a maturing crypto market. In early stages, a single Musk tweet could cause Dogecoin to surge multiple times. But as traditional finance institutions enter and market size expands, individual influence is diminishing. Trading decisions are increasingly based on data-driven signals and measurable market acceptance rather than celebrity endorsements. This rationality is a positive sign for the long-term health of the crypto market.