Late on 7 August 2025, Elon Musk fired off a single “😂” beneath a Coinbase publish on X that showcased an animated, Grok-generated revival of the basic Bitcoin “magic web cash” wizard. The billionaire’s trademark minimalist response was sufficient to ignite one other spherical of hypothesis that he stays firmly in Bitcoin’s nook. The Coinbase clip, captioned “Grok Imagine: Bring this legend to life,” turns the pixelated 2013 wizard into a brief, neon-blue video—an unmistakable nod to Bitcoin’s earliest grassroots advertising slogan.
Elon Musk Embraces Bitcoin Again
The meme itself traces again to a contest on r/bitcoin greater than a decade in the past. In April 2013, subreddit moderators requested customers to design an advert that might run in Reddit’s sidebar; a swiftly drawn MS-Paint wizard driving a gold coin and declaring “magic web cash” received by well-liked vote. Despite (or maybe due to) its crude aesthetic, the picture encapsulated BTC’s outsider attraction and has since change into shorthand for the cryptocurrency’s defiant irreverence.
Musk’s newest emoji is small however strategic. Over the previous month he has repeatedly woven Bitcoin into his political and technological ventures. When unveiling the “America Party”—a nascent political automobile he has floated as an alternative choice to the two-party system—Musk stated “Fiat is hopeless, so sure,” after being queried if the American Party would “embrace” Bitcoin. That declaration adopted a recent inside switch of roughly $150 million in BTC by SpaceX, reinforcing the notion that Musk’s firms stay long-term holders.
Just days earlier than the wizard publish, Musk turned to his xAI assistant Grok to interrogate probably the most persistent existential questions: the quantum-computer risk. “Bitcoin’s hashing stays safe for now,” Grok replied, assigning “almost 0%” chance {that a} quantum machine may crack SHA-256 inside 5 years and “below 10% by 2035” given present qubit road-maps.
In one other instance of Musk’s recurring BTC references, June noticed the announcement of “XChat,” a brand new messaging characteristic on his social media platform X (previously Twitter). Musk revealed that the system is constructed on Rust and incorporates “Bitcoin-style” encryption, a selection he framed as a dedication to safety and decentralization rules lengthy related to the cryptocurrency.
Musk’s public statements have not often moved markets as violently as they did through the 2021–2022 bull run, but his affect endures. Tesla nonetheless lists greater than 10,725 BTC on its stability sheet, and SpaceX is believed to carry an additional nine-figure stash. Against that backdrop, even a laughing-crying emoji reads as tacit endorsement—particularly when it revives a relic of BTC’s anarchic infancy.
At press time, BTC traded at $116,560.
Featured picture created with DALL.E, chart from TradingView.com
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