Most Likely As he has mentioned, Bitcoin will but don't expect an instant boost. On implementation, those who can wait will have to wait as it could still be months before we see any clear signs of recovery. But in the end, elon musk doesn't carry the fate of this industry, things can change so it's up to you to choose what to do. However, it seems very bleak with what is happening at this time.

It will drop first and then recover when it reaches a support level around the $14k range. I thought it was best to be positive, but that doesn't seem to be the case. It's hard to predict what will happen to the market, but make sure you can do what you can afford to lose.

But then again there was no guarantee that the words he spoke would bear any fruit. Bitcoin doesn't depend on anyone even the richest people in the world. As for the future of bitcoin, it will always, always be bright and everyone here knows and doesn't need someone to show us. And you need to know further that, Elon used to be a market manipulator for profit. Do your own research and make your own judgment. Don't take anyone's advice, this market has no one to trust.