Elon Musk: Bitcoin’s Energy Basis Fuels Fiat Currency Criticism

Elon Musk has reignited the debate around Bitcoin’s energy foundation and its potential as a refuge from fiat currency inflation. During a recent X post, he emphasized that Bitcoin relies on energy to ensure authenticity, unlike government-issued currencies which can be manipulated by governments. His remarks suggest growing interest in Bitcoin as an alternative store of value amidst concerns about monetary inflation driven by factors like increasing AI investment.