Crypto Enthusiast Elon Musk Endorses Bitcoin Once More
In 2025, tech mogul Elon Musk maintains a positive stance on Bitcoin, holding significant amounts of the cryptocurrency both personally and through his companies SpaceX and Tesla. This long-term bullish and supportive approach is evident through various channels, including personal investment, corporate holdings, public endorsements, technological integration, and political advocacy.
SpaceX, for instance, moved 1,300 BTC after three dormant years in July 2025, a notable action that has sparked speculation about security or potential selling [1]. Meanwhile, Tesla still lists more than 10,725 BTC on its balance sheet, with no Bitcoin sales since mid-2022 [4].
Musk has publicly expressed his views on Bitcoin through various platforms. In August 2025, he engaged on social media, including a significant endorsement of Bitcoin through an emoji, and defended the cryptocurrency’s security against quantum computing concerns, citing analysis by his AI assistant Grok [2].
Musk has also integrated Bitcoin principles into technological projects. He demonstrated this commitment by using Bitcoin-style encryption in XChat, a new messaging feature he announced on his social media platform X (formerly Twitter) [2].
Politically, Musk supports Bitcoin through his proposed “America Party,” criticising government fiscal policies that increase deficits and framing fiat currency as “hopeless” [1][3].
Grok, Musk's AI assistant, has predicted Bitcoin to consolidate near $117,000 following a new all-time high around $124,457 in August 2025, signalling an optimistic yet measured outlook [3][5].
Remembering the Bitcoin "magic internet money" wizard meme, a relic of Bitcoin's anarchic infancy that originated from a contest on r/bitcoin in April 2013, Musk revived this iconic image by posting it under a Coinbase post on August 7, 2025 [6].
Despite Musk's influence not moving markets as violently as during the 2021-2022 bull run, his endorsement of Bitcoin, even through a laughing-crying emoji, remains significant [7]. SpaceX transferred approximately $150 million in Bitcoin, reinforcing the notion that Musk's companies remain long-term holders [8].
Moreover, according to Grok, the probability of a quantum machine cracking SHA-256 within five years is nearly 0% and under 10% by 2035 [9]. This reassuring prediction further strengthens Musk's support for Bitcoin's security and long-term viability.
In conclusion, Musk's stance in 2025 is publicly pro-Bitcoin, combining personal investment, corporate holdings, public endorsements, technological integration, and political advocacy, portraying a long-term bullish and supportive approach to the cryptocurrency.
References: 1. Source 1 2. Source 2 3. Source 3 4. Source 4 5. Source 5 6. Source 6 7. Source 7 8. Source 8 9. Source 9
Cryptocurrency and technology are integral to Elon Musk's support for Bitcoin, as he has integrated Bitcoin-style encryption into a new messaging feature, XChat. Furthermore, his companies, SpaceX and Tesla, are long-term holders of Bitcoin, with Tesla still listing over 10,725 BTC on its balance sheet.
