In a latest social media put up, Elon Musk has opined that vitality is the true forex.
Bitcoiners have handled this take as an endorsement of the main cryptocurrency as a result of it validates the core philosophy of proof-of-work cash.
They see Musk’s put up as an oblique admission that Bitcoin is the superior type of cash as a result of it’s actually tied to vitality consumption, not like fiat cash.
Musk’s express Bitcoin endorsement
As reported by U.At present, the centibillionaire gave a extra detailed rationalization of this philosophy throughout a podcast look about three weeks in the past.
Musk explicitly linked his “vitality is forex” idea to Bitcoin. He praised Bitcoin for being tied to vitality, noting that not like you can not merely “legislate” or print extra vitality.
He argued that civilization’s progress ought to be measured by its mastery of vitality (the Kardashev scale).
On the identical time, Musk predicted that cash itself will finally turn into out of date. He believes that when AI and robotics create a post-scarcity world.
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Difficult views
In 2021, Tesla purchased $1.5 billion in Bitcoin and accepted it for funds.
Nevertheless, the corporate needed to reverse course on BTC as a fee methodology just a few weeks later.
Musk couldn’t reconcile Tesla’s concentrate on sustainable vitality with Bitcoin’s then-heavy reliance on coal-powered mining.
A serious portion of Bitcoin mining was concentrated in China’s Xinjiang province, which relied closely on coal.
Between 2021 and 2025, the “info on the bottom” modified, permitting Musk to reconcile his views with out trying like a hypocrite.
China banned crypto mining in mid-2021, forcing miners emigrate to locations like Texas (wind/photo voltaic), Iceland (geothermal).
By 2025, a report from the Cambridge Centre for Various Finance confirmed that Bitcoin mining had crossed the 50% sustainable vitality threshold.