🔎 What’s going on now with Elon Musk & Crypto
Bitcoin & Musk: Energy = Value
Musk recently described Bitcoin not just as digital money, but as a kind of “energy-based currency.” His argument: fiat money can be printed by governments, but energy (used in Bitcoin mining) cannot — giving Bitcoin a more “fundamental” value base.
He suggested that in a future where energy and computational work matter more than traditional money, Bitcoin makes sense as a store of value — a shift from thinking of currency as paper or tokens.
Activity from SpaceX — Massive Bitcoin Moves
SpaceX moved significant amounts of Bitcoin recently: one of the latest transfers was 281 $BTC (≈ US$31 million), part of a pattern of consolidation.
In total, over 4,300 $BTC were transferred in October 2025 alone — analysts suggest these moves are more about custody and security rather than selling.
Crypto Market Today — Price Drop
The broader crypto market is experiencing turbulence: Bitcoin recently plunged below US $88,000, and other major coins like Ethereum$ETH fell ~6%.
This decline has prompted many investors to reassess their positions and consider volatility risks.
Musk’s Long-Term Vision: Money Might “Die”, Value = Energy
On a recent podcast, Musk argued that traditional money — as we know it — could “die” as a concept. In a future of abundance (thanks to energy and AI), energy itself — or value derived from real resources/energy — might replace money. He suggested cryptocurrencies like Bitcoin, which tie value to energy/work, could survive this shift.
Aftermath: Meme-coins & Speculative Tokens Surge (with Risk)
Following some of those statements (and related events like Musk’s big pay-package or news about Bitcoin), a surge of memecoins and speculative tokens — sometimes using his name or popularity — popped up quickly. Examples include tokens named “TRILLIONS” or “MUSK.” Many of these saw rapid spikes but also quick crashes, sometimes raising fears of scams or exit-rushes.
This highlights how much influence Musk still has on crypto sentiment — for better or worse.
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