Elon Musk Says Bitcoin Has Energy: ‘You Can Issue Fake Fiat…But It Is Impossible To Fake Energy’

Elon Musk said Tuesday that Bitcoin (CRYPTO: BTC) is based on energy and, unlike fiat currencies, governments cannot fake it and issue their own.

You Can’t Print Energy, Agrees Musk

The Tesla and SpaceX CEO responded to an X post about governments funding the “artificial intelligence arms race” through money printing, which is driving gold, silver, and Bitcoin higher.

“But you can’t print energy,” the user, under the pseudonym zerohedge, said.

Musk agreed with the arguments, saying, “True. 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.”

Full story available on Benzinga.com