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Elon Musk: Bitcoin’s Power Lies in Real Energy, Not Printed Cash

Key Takeaways

  • ​Elon Musk believes Bitcoin protects against inflation since it relies on real energy, unlike fiat money, which governments can easily create;
  • Musk said energy cannot be faked, which makes Bitcoin harder to manipulate than traditional currencies;
  • Musk responded to @zerohedge, who warned that AI spending may lead to money printing and push investors toward Bitcoin and precious metals.

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Elon Musk: Bitcoin’s Power Lies in Real Energy, Not Printed Cash

Elon Musk has shared his view that Bitcoin BTC $111,854.35 offers protection against inflation, especially during times when governments may print more money to fund major projects.

He pointed out that Bitcoin’s system relies on energy, which makes it more difficult to manipulate than traditional currencies.

In an October 14 post on X, Musk explained that energy is something that cannot be faked. Unlike paper money, which governments can create in large amounts, Bitcoin is produced through a process that requires real energy.

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He said, "You can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy".

His comment was a direct reply to a post by an X user, @zerohedge, who suggested that recent increases in the prices of Bitcoin and precious metals like gold and silver are linked to fears of currency devaluation.

According to @zerohedge, countries such as the United States and China are preparing to spend on artificial intelligence (AI), and much of this spending will be government-funded.

@zerohedge described AI as the next major global competition and warned that the costs would likely be covered by printing more money. They noted that this weakens national currencies and drives investors toward assets that are harder to devalue, like Bitcoin.

Recently, Elon Musk shared that xAI is preparing to release an early beta version of Grokipedia. What is it? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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