Bitcoin as an energy currency: Elon Musk relies on fundamental properties

robot
Abstract generation in progress

Elon Musk repositions Bitcoin as a currency with a real energetic foundation. His central thesis is succinctly: “Energy cannot be regulated.” This statement reveals a profound understanding of Bitcoin’s technological fundamentals.

The Tesla CEO emphasizes the inseparable connection between Bitcoin and energy consumption. Unlike traditional currencies, which can be controlled through government measures, Bitcoin rests on a physical basis: the energy expenditure for mining and network security.

Musk’s perspective illustrates a paradigm shift. Bitcoin is not primarily viewed as a speculative object but as a genuine currency whose value is directly linked to tangible resources. Energy essentially forms the physical backing of the currency—a revolutionary approach compared to fiat-backed systems.

This perspective also explains why Musk maintains his commitment to Bitcoin, despite the persistent energy debate. From his logic, energy consumption is not a bug but a feature that legitimizes Bitcoin as a currency.

BTC4,8%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)