Elon Musk to 'seriously take on Bitcoin' in 2026

Jan3 founder Samson Mow predicts that Elon Musk will seriously get involved with Bitcoin in 2026 and believes the cryptocurrency will rise to $1.33 million, potentially soaring by 1,367%. In his view, Bitcoin will outpace precious metals despite the stunning performance of gold ($4,549) and silver ($83) in December 2025. Mow also expects shares of Strategy, the largest publicly traded corporate holder of Bitcoins, to rally to $5,000 from the current $157.

Mow’s forecast is based on the belief that at least one country will soon issue bonds tied to Bitcoin. In June 2025, he suggested that the flagship cryptocurrency could surge to $1 million in 2025–2026. In September, he spoke of growing willingness among countries to deepen Bitcoin adoption. However, Musk’s involvement in Bitcoin has been inconsistent: in 2021, Tesla stopped accepting the cryptocurrency, citing environmental concerns, and in 2022, it sold 75% of its Bitcoin holdings.

Not all experts share Mow’s optimism. Bloomberg analyst Mike McGlone predicts Bitcoin could fall below $50,000 and even to $10,000 in 2026. VanEck expects $2.9 million by 2050, albeit on the condition that at least 5% of payments move to crypto. Such a range of forecasts reflects the high volatility and uncertainty of the crypto market.