Elon Musk Endorses Bitcoin’s Resistance to Counterfeiting

Tesla CEO Elon Musk recently took to X, formerly known as Twitter, to comment on a post by financial news outlet ZeroHedge regarding the rise of AI. Zerohedge argued that investments in AI would escalate into a global arms race, leading to increased liquidity across various assets, including gold, silver, and Bitcoin. In response, Musk asserted his belief that Bitcoin’s reliance on energy renders it immune to counterfeiting. He acknowledged that fiat currency can be manipulated by governments throughout history but highlighted the inherent challenge of replicating or counterfeiting energy itself. 💰 ⚡️ 🌎