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Elon Musk's Wealth Breaks Records, Analyst: Could Reach US$1 Trillion if Buying Bitcoin

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

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

Bitcoin analyst Joe Burnett revealed that Musk could reach over US$1 trillion faster. Tesla indeed has a long-term compensation package that could increase his wealth by up to US$1 trillion more, but the target valuation is still far away.

He believes Musk's fastest path to US$1 trillion is not through Tesla or an IPO, but by buying up Bitcoin and using it as collateral to finance businesses like SpaceX and AI projects (AI).

According to him, the scarcity of Bitcoin and its potential for appreciation 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 prices fall. #AkademiCryptoNews