#ElonMusk Says Bitcoin ‘Impossible To Fake’ Unlike Fiat


#Tesla CEO Elon Musk has reignited his interest in $BTC after nearly three years of silence on the asset. The billionaire entrepreneur highlighted the cryptocurrency's energy-backed framework as a shield against fiat currency debasement in a Tuesday post on X.


Musk responded to analyst Zerohedge's commentary linking precious metals and digital assets to government spending on artificial intelligence development. The Tesla chief emphasized that governments cannot fabricate energy like they print traditional currency, positioning $BTC as a superior store of value.


"You can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy," Musk stated. His remarks come as the global AI arms race intensifies between major economies, particularly the United States and China.


The comments mark Musk's first substantive $BTC discussion since November 2022. At that time, he predicted a prolonged downturn following the FTX exchange collapse, which eliminated $8.9 billion in investor funds and triggered widespread market weakness.

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October 14, 2025 at 6:27 PM
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