Elon Musk's Wealth Breaks Records, Analyst: Will Reach US$1 Trillion If He Buys Bitcoin

Forbes data shows that Elon Musk has reached a record wealth of over US$749 billion or more than Rp12.4 quadrillion. This occurred after SpaceX completed its IPO, which boosted the company's valuation by more than US$800 billion.

In addition to SpaceX, Musk has founded other companies, including Tesla, Neuralink, xAI, and purchased platform X with a deal worth US$44 billion in 2022. Musk's wealth also increased after winning a legal dispute related to Tesla stock retention of about US$146 billion in 2018.

Bitcoin analyst Joe Burnett revealed that Musk could reach US$1 trillion faster. Tesla indeed has a long-term compensation package that could potentially increase his wealth by another US$1 trillion, but the valuation target that must be achieved is still far.

He argues that the fastest route for Musk to US$1 trillion is not through Tesla or IPOs, but rather by buying Bitcoin and using it as collateral to finance businesses like SpaceX and artificial intelligence (AI) projects.

According to him, the scarcity of Bitcoin and its potential value increase could accelerate Musk's wealth growth compared to waiting for corporate incentives. However, this strategy remains high-risk because Bitcoin's volatility could trigger liquidation if its price falls. $BTC