Be part of Our Telegram channel to remain updated on breaking information protection
Elon Musk predicted that cash’s function in on a regular basis life will ultimately develop into out of date and recommended that power and Bitcoin could exchange it as a very powerful measures of wealth and energy.
Throughout a latest podcast interview with Indian entrepreneur and investor Nikhil Kamath, Musk mentioned he believes that ultimately, “cash disappears as an idea.”
JUST IN: Elon Musk says Bitcoin is a real foreign money based mostly on power.
“You’ll be able to’t legislate power.” pic.twitter.com/jabklmsYL4
— Watcher.Guru (@WatcherGuru) November 30, 2025
Cash Will Be Out of date In A Future The place Anybody Can Have Something, Says Musk
Musk mentioned {that a} future the place cash is now not an necessary a part of every day life is a “unusual” thought to wrap one’s head round. However he argued that in a future the place “anybody can have something,” folks will now not want cash as a database of labor allocation.”
He linked his imaginative and prescient to the fast development in synthetic intelligence (AI) expertise and robotics.
“If AI and robotics are sufficiently big to fulfill all human wants then, then cash is now not… its relevance declines dramatically,” he mentioned.
Influencing Musk’s imaginative and prescient of a future the place cash is just not crucial is the Tradition sequence books by Scottish creator Iain Banks, which the billionaire really helpful folks learn.
Sooner or later seen in these books, the characters don’t have cash, “and everybody can just about have no matter they need,” Musk mentioned.
Vitality Will Be The New Cash
Whereas cash won’t matter as a lot sooner or later, there shall be some types of worth that can retain their significance. These “basic currencies” shall be “physics-based,” Musk mentioned.
He linked that to power, which the billionaire argued is “the true foreign money,” whereas mentioning that Bitcoin is “based mostly on power,” giving it a serious benefit over conventional fiat currencies that governments can print at will.
True.
That’s the reason Bitcoin relies on power: you may challenge faux fiat foreign money, and each authorities in historical past has executed so, however it’s unattainable to faux power.
— Elon Musk (@elonmusk) October 14, 2025
Bitcoin’s power nature stems from how the Bitcoin community achieves consensus with out the necessity for centralized intermediaries. Specialised {hardware}, known as miners, continually monitor the community and course of transactions that happen on the Bitcoin blockchain. This course of is power intensive.
For his or her work in validating transactions, miners are rewarded with new BTC and a portion of the charges collected by the community for a given time.
“You’ll be able to’t legislate power,” he mentioned. “You’ll be able to’t simply, you recognize, go a legislation and out of the blue have a whole lot of power.” He then identified that it’s tough to generate power, particularly relating to harnessing it “in a helpful means.”
“We most likely will simply have power, energy era because the de facto foreign money,” he mentioned.
If that’s the case, whoever controls essentially the most environment friendly power and has essentially the most plentiful power assets will successfully management the strongest “foreign money,” he added.
Bitcoin Worth Tumbles
Following Musk’s feedback, the Bitcoin worth has declined by greater than 4% prior to now 24 hours, based on CoinMarketCap, amid a broader crypto market pullback attributed by some analysts to skinny liquidity.
BTC worth (Supply: CoinMarketCap)
Associated Articles:
Finest Pockets – Diversify Your Crypto Portfolio
- Simple to Use, Characteristic-Pushed Crypto Pockets
- Get Early Entry to Upcoming Token ICOs
- Multi-Chain, Multi-Pockets, Non-Custodial
- Now On App Retailer, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Month-to-month Lively Customers
Be part of Our Telegram channel to remain updated on breaking information protection