Elon Musk once again put the spotlight on Bitcoin, this time in a social media exchange emphasizing the cryptocurrency ’s connection to energy. Responding to a post by X user 'zerohedge', who argued that soaring gold, silver, and Bitcoin prices reflect the “debasement” used to fund the AI arms race, Musk agreed, replying: “True. ” He added his own insight: “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.” He added, “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.” Fiat money is a type of currency that has no intrinsic value and is designated as legal tender by g
'Impossible to fake energy': Elon Musk reverses stance, now backs Bitcoin

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