Bitcoin Journal
Elon Musk Praises Bitcoin’s Resistance to Inflation: ‘It’s Inconceivable to Faux Power’
Elon Musk seems to be publicly listening to bitcoin once more after years of silence.
The Tesla and SpaceX CEO broke a three-year quiet streak on bitcoin early Tuesday, commenting on an X put up from monetary outlet ZeroHedge that tied surging gold, silver, and Bitcoin costs to world financial “debasement” pushed by synthetic intelligence spending.
“True,” Musk replied. “That’s the reason Bitcoin relies on power: you possibly can situation pretend fiat forex, and each authorities in historical past has performed so, however it’s inconceivable to pretend power.”
Musk’s bitcoin point out drew fast market consideration on X, with merchants seeing it as a possible signal of renewed curiosity from Musk, echoing bitcoin’s narrative as “digital power” or “digital gold.”
After the put up, pro-Bitcoin Sen. Cynthia Lummis (R-Wyo.) praised Musk on X, saying a Strategic Bitcoin Reserve would safe U.S. debt with a scarce, auditable asset and will assist retire a good portion of it sooner or later.
JUST IN:
Senator Lummis tells Elon Musk, “Strategic #Bitcoin Reserve is the wisest factor we are able to do to shore up USD.”
“Given its shortage, we are able to additionally use it in 20+ yrs to retire a significant % of US debt.” pic.twitter.com/39TvNSXazR
— Bitcoin Journal (@BitcoinMagazine) October 14, 2025
Senator Lummis tells Elon Musk, “Strategic In March, President Trump signed an Government Order making a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile to centralize government-held crypto.
The Reserve, together with the $14 billion in lately seized bitcoin, is to be held as a retailer of worth and never bought.
Elon Musk’s rocky historical past with Bitcoin
Tesla famously bought $1.5 billion price of Bitcoin in early 2021 and introduced plans to simply accept BTC for automobile funds.
Again in 2021, Musk stated, “I feel Bitcoin is an efficient factor. I’m a supporter of Bitcoin. I’m late to the social gathering however a supporter. I feel Bitcoin is on the verge of getting broad acceptance by typical finance individuals.”
Inside months, nonetheless, Musk reversed course, citing environmental issues about Bitcoin mining’s heavy reliance on fossil fuels.
“Tesla has suspended automobile purchases utilizing Bitcoin,” he stated on the time, including that funds would resume as soon as mining used “extra sustainable power.”
In mid-2022, Tesla bought roughly 75% of its Bitcoin holdings — close to the underside of the market’s decline — whereas sustaining a remaining stash of about 11,509 BTC, presently price an estimated $1.29 billion, based on CoinGecko knowledge.
Tesla bought the majority of their holdings at a mean value of roughly $29,000. Bitcoin lately hit all time highs on the $126,000 vary.
Since then, Musk has largely averted public commentary on Bitcoin and even disregarded makes an attempt to debate it in interviews.
This put up Elon Musk Praises Bitcoin’s Resistance to Inflation: ‘It’s Inconceivable to Faux Power’ first appeared on Bitcoin Journal and is written by Micah Zimmerman.