Tesla CEO Elon Musk, known for his support for cryptocurrencies, especially Dogecoin (DOGE), made a new post about Bitcoin (BTC) on X.
Responding to a post by user X named Zerohedge, Elon Musk said that Bitcoin is energy‑resistant and cannot be counterfeited.
Musk made this statement in response to a post by financial news site ZeroHedge arguing that artificial intelligence (AI) is a new global arms race that will bring major investments from the US and China.
Zerohedge stated that the resulting increase in liquidity explains the recent surge in gold, silver, and Bitcoin, and that energy cannot be printed.
Tesla CEO stated that he found this post accurate and stated that governments have printed fake fiat money throughout history, but energy cannot be counterfeited.
“TRUE.
That's why Bitcoin is based on energy: You can print fake fiat currency, and every government in history has done so, but energy is impossible to fake.”
Musk's perspective on Bitcoin suggests that it's based on energy. According to Musk, fiat currency can be counterfeited. Energy and Bitcoin cannot be counterfeited.
*This is not investment advice.