Elon Musk Praises Bitcoin’s Resistance to Inflation: ‘It is Impossible to Fake Energy’
Bitcoin MagazineElon Musk Praises Bitcoin’s Resistance to Inflation: ‘It is Impossible to Fake Energy’ Elon Musk praised Bitcoin as energy-based and resistant to inflation, contrasting it with “fake fiat.” This post Elon Musk Praises Bitcoin’s Resistance to Inflation: ‘It is Impossible to Fake Energy’ first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
Elon Musk Praises Bitcoin’s Resistance to Inflation: ‘It is Impossible to Fake Energy’
Elon Musk appears to be publicly paying attention to bitcoin again after years of silence.
The Tesla and SpaceX CEO broke a three-year quiet streak on bitcoin early Tuesday, commenting on an X post from financial outlet ZeroHedge that tied surging gold, silver, and Bitcoin prices to global monetary “debasement” driven by artificial intelligence spending.
“True,” Musk replied. “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.”
Musk’s bitcoin mention drew immediate market attention on X, with traders seeing it as a potential sign of renewed interest from Musk, echoing bitcoin’s narrative as “digital energy” or “digital gold.”
After the post, pro-Bitcoin Sen. Cynthia Lummis (R-Wyo.) praised Musk on X, saying a Strategic Bitcoin Reserve would secure U.S. debt with a scarce, auditable asset and could help retire a significant portion of it in the future.
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