Elon Musk Claims 'Energy is the True Currency', Asserts Bitcoin is Based on It

On November 30, Tesla CEO Elon Musk, during an interview with entrepreneur Nikhil Kamath, declared that 'energy is the true currency', sparking a debate on the value of cryptocurrencies by asserting that Bitcoin (BTC) is based on this energy.

Musk pointed out that 'energy cannot be legislated', highlighting the challenges in generating and effectively utilizing energy.

In October, Musk also mentioned on X (formerly Twitter) that 'Bitcoin is based on energy. It is possible to issue fake fiat currency, as all governments have historically done. However, energy...