Elon Musk Says Bitcoin Is Based On Energy, The ‘True Currency’ — Tesla CEO Says His ‘Interesting Side Quest’ DOGE Is Still Going On

Tesla and SpaceX CEO reiterated in an interview aired Sunday that Bitcoin (CRYPTO: BTC) is based on energy, categorizing it among “fundamental” currencies.

Bitcoin Is Physics-Based?

Speaking to Indian entrepreneur Nikhil Kamath, Musk discussed what he thought were “physics-based” fundamental currencies.

“Energy is the true currency. This is why I said Bitcoin is based on energy,” the technology mogul said.

Musk argued that energy can’t be legislated, adding, “You can’t just pass a law and suddenly have a lot of energy. It’s very difficult to generate energy, or especially to harness energy in a useful way to do useful work.”

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