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Elon Musk just dropped a bold prediction: double-digit GDP growth is on the way within the next 12 to 18 months. That's not exactly a quiet take.
If he's right, it could reshape the macro backdrop that crypto markets are trading on. Stronger economic growth typically fuels risk appetite, which can ripple through digital assets. We're talking about a potential tailwind for the broader market sentiment.
Now, whether this materializes or not—that's the real question traders are wrestling with. Musk's track record on timing macroeconomic calls is... mixed, to say the least. But the fact that influential voices are calling for such aggressive growth puts pressure on policy makers and keeps the narrative about economic expansion front and center.
For those watching the Fed, inflation data, and rate expectations, this adds another layer to monitor. If double-digit GDP growth actually arrives, the crypto market cycle could look very different from what we're bracing for now.