Elon Musk follows the market. He will definitely make a breakthrough in the near future as he has sold his TSLA stake. Maybe he's buying BTC piecemeal. Or don't be surprised if he gets meme coins with a high total count and people tweet like I like this coin. Where did the doge, who came out as a joke before and said that even his team hadn't updated for 2 years, brought the money? Maybe he can do something similar. Now Twitter is completely his own and he can act as he pleases. If he's willing to wait 1-2 years, buying BTC or Eth might make sense.
Elon has said bitcoin can make it, but after long winter. This means on next year or even 2024, we can say bitcoin would be still under $20k, remember when crypto crashed on 2018? The boring season or winter season that time last for 2 years, before bitcoin start rising again on last 2020
It may take 1-2 years for the bull market to come again for Bitcoin. We experienced the decline after 2018. Of course, Elon Musk knows this cycle and will position accordingly. I think that he will definitely make meme coin or different investments, not just bitcoin. Since these people have a lot of money, they may wait for a long time, but I don't know if we can be patient for this long. Bitcoin needs to see 11k as soon as possible, otherwise it is not possible to have a solid rise.