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‘Fund The AI Arms Race’—Elon Musk Is Quietly Backing Bitcoin And Issued A ‘Fake Fiat Currency’ Dollar Warning
- Elon Musk, CEO of Tesla and SpaceX, said Tuesday that Bitcoin is based on energy, coinciding with BTC trading at $111,902.00, up 3.08%.
- Musk said mining requires real electricity and computation, so every Bitcoin exists because the mining network expends actual energy unlike fiat currencies.
- Tesla holds 11,509 BTC worth $1.3 billion and previously suspended Bitcoin payments over environmental concerns, triggering a 6% price drop within an hour.
- Analysts view Musk's support as a market catalyst, noting his public posts reinforced Bitcoin's value and influenced investor sentiment across financial circles.
- Musk's framing casts energy as Bitcoin's foundational asset, arguing its value ties to real electricity use while Bitcoin mining sustainable energy share exceeds 55%, including hydro, solar, and wind.
23 Articles
23 Articles
As the global race for artificial intelligence accelerates, Elon Musk returns to the front of the crypto scene. In a message published on X, Tesla's boss presents the bitcoin as a bulwark in the face of the inflationary drift of fiat currencies, claiming that it is "energy-based" and therefore insensitive to state manipulation. This taking of positions places the leading active at the heart of international monetary debates. The article Musk cri…
BTC News Today: Elon Musk Supports Bitcoin as the Future Over Traditional Fiat – MAXBIT
Elon Musk endorses Bitcoin over fiat, calling it a “proof-of-energy” system, and highlights its scarcity amid rising global inflation. Elon Musk has expressed his ongoing support for Bitcoin, calling it superior to traditional fiat currencies. His recent comments emphasize Bitcoin’s energy-based value system, positioning it as a more stable and scarce financial asset compared to...
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