Elon Musk, the CEO of Tesla known for his support of cryptocurrencies, made a new post about Bitcoin (BTC) on X.
In response to a post by the X user named Zerohedge, Elon Musk stated that Bitcoin is energy-resistant and cannot be replicated.
Musk made this statement in response to a post by the financial news site ZeroHedge, claiming that artificial intelligence (AI) will lead to a new global arms race bringing significant investments from the US and China.
Zerohedge stated that the recent increase in liquidity has explained the recent rise in gold, silver, and Bitcoin, and mentioned that energy cannot be printed.
The Tesla CEO indicated that he believes this sharing is accurate, stating that throughout history, governments have printed counterfeit fiat money, but the counterfeit of energy cannot be made.
“True.
This is why Bitcoin is based on energy: You can print counterfeit fiat money, and every government in history has done that, but it is impossible to replicate energy.”
Musk's perspective on Bitcoin shows that BTC is based on energy. According to Musk, counterfeit of fiat money can be made. The counterfeit of energy and Bitcoin cannot be made.
Stay tuned for current developments.