By Anthony • October 15, 2025 9:28 am •
CEO of Tesla has backed Bitcoin once again.
And his reason why is rather interesting!
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Elon Musk on X recently shared energy and not fiat is the ultimate asset.
Musk stated, “Bitcoin is based on energy: you can issue fake fiat currency.”
Yahoo Finance provided context to Musk’s statement:
Elon Musk has linked Bitcoin’s energy foundation to the world’s accelerating artificial intelligence (AI) boom, arguing that energy not fiat money is the ultimate store of value.
Responding to a post by financial outlet ZeroHedge on Oct. 13, Musk agreed that the ongoing global race to dominate AI will drive massive spending and potential currency debasement.
“True,” Musk wrote on X (formerly Twitter).
“That is why Bitcoin
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