Elon Musk Lauds Bitcoin’s Energy Source: Shift in Stance Fuels Market Comeback

Billionaire entrepreneur Elon Musk has publicly supported Bitcoin again, highlighting its inherent link to real energy sources. This shift in stance comes amid a volatile crypto market grappling with fears of a major price drop and follows Musk’s recent comments on the growing influence of artificial intelligence (AI) on governments’ spending habits. His positive remarks spurred a small rally in Bitcoin prices, although trading activity remains cautious due to looming uncertainty about future market direction.