Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Elon Musk predicted a double-digit growth of the economy thanks to AI development - ForkLog: cryptocurrencies, AI, singularity, future
The world’s richest person, Elon Musk, predicted a double-digit increase in the US GDP “within 12-18 months.” He added that the implementation of AI could potentially push these figures into triple digits.
Bitcoin entrepreneur Anthony Pompliano drew attention to Musk’s post.
Representatives of the infrastructure provider for RWA Oryon Finance noted that “the predictions of a person who sees everything are usually not random noise.”
Not all commentators agreed with Musk’s opinion. Artem Rusakovsky said that “the billionaire’s predictions are not his ‘strong suit.’”
In November, Musk hinted at the release of a flying Tesla by the end of 2025. He announced that the company plans to release a new Roadster equipped with “crazy technology” and allegedly capable of “flying.”
Previously, the entrepreneur repeatedly promised fully autonomous Tesla (Full Self-Driving), but it is still far from the true “Level 5.”
Impact on Bitcoin
Crypto users are paying attention to macroeconomic signals that could stimulate the growth of digital assets. One of the main events followed by the community was the Fed rate cut.
Despite Musk’s optimistic forecast regarding GDP, some experts do not share the positivity about Bitcoin’s growth.
In December, well-known trader and technical analyst Peter Brandt emphasized that “digital gold” is a unique asset that has experienced “five parabolic rises in logarithmic scale,” followed by declines of at least 80%.
The current cycle in the first cryptocurrency has not yet ended, he added. This indicates a potential collapse in quotes to around $25 000.
Brandt expects the next bull market to begin no earlier than September 2029.
Recall that Saad Ahmed from Gemini explained the reason why the altcoin season has not yet arrived.