'True Currency': Did Elon Musk Just Describe Bitcoin?
Analysis
Price Impact
HighElon musk's comments, especially when linking bitcoin to the concept of 'true currency' backed by energy, tend to generate significant positive sentiment among investors and the broader crypto community, potentially driving demand.
Trustworthiness
HighThe article accurately reflects elon musk's past and recent statements regarding bitcoin and its energy consumption, providing a balanced historical context. u.today is a reputable crypto news source.
Price Direction
BullishMusk's re-endorsement of bitcoin's energy-backed value, coupled with the shift to more sustainable mining practices, strengthens the fundamental bullish narrative for bitcoin. this validates its scarcity and proof-of-work mechanism, which could attract long-term investors.
Time Effect
LongWhile there might be short-term speculative interest, the core message reinforces bitcoin's long-term value proposition as a 'true currency' tied to energy. this narrative contributes to sustained adoption and confidence over an extended period.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News In a recent social media post , Elon Musk has opined that energy is the true currency. Advertisement Bitcoiners have treated this take as an endorsement of the leading cryptocurrency because it validates the core philosophy of proof-of-work money. They see Musk's post as an indirect admission that Bitcoin is the superior form of money because it is literally tied to energy consumption, unlike fiat money. HOT Stories 'True Currency': Did Elon Musk Just Describe Bitcoin? Morning Crypto Report: Ripple CEO Forces XRP Reality Check for Coinbase, Shiba Inu (SHIB) Soars 5%: Fakeout Next? $444 Million in Bitcoin Land on Binance Dave Portnoy Teases 'All In' Move if XRP Hits This Level Crypto Market Prediction: $2,500 Is Ethereum's Next Cushion, XRP Obviously Not Hitting $0, Bitcoin (BTC) H&S-Fueled Reversal on the Edge Musk's explicit Bitcoin endorsement As reported by U.Today , the centibillionaire gave a more detailed explanation of this philosophy during a podcast appearance about three weeks ago. Advertisement Musk explicitly linked his "energy is currency" concept to Bitcoin. He praised Bitcoin for being tied to energy, noting that unlike you cannot simply "legislate" or print more energy. He argued that civilization's progress should be measured by its mastery of energy (the Kardashev scale). At the same time, Musk predicted that money itself will eventually become obsolete. He believes that once AI and robotics create a post-scarcity world. You Might Also Like Wed, 12/17/2025 - 13:41 Elon Musk Reacts to Coinbase's Reincorporation in Texas: Details By Godfrey Benjamin Advertisement Complicated views In 2021, Tesla bought $1.5 billion in Bitcoin and accepted it for payments. However, the company had to reverse course on BTC as a payment method a few weeks later. Musk couldn’t reconcile Tesla’s focus on sustainable energy with Bitcoin’s then-heavy reliance on coal-powered mining. A major portion of Bitcoin mining was concentrated in China’s Xinjiang province, which relied heavily on coal. Between 2021 and 2025, the "facts on the ground" changed, allowing Musk to reconcile his views without looking like a hypocrite. China banned crypto mining in mid-2021, forcing miners to migrate to places like Texas (wind/solar), Iceland (geothermal). By 2025, a report from the Cambridge Centre for Alternative Finance confirmed that Bitcoin mining had crossed the 50% sustainable energy threshold. #Bitcoin News #Elon Musk