Elon Musk: Bitcoin is the Future? Or Just a Fancy Coin?

by

In a recent interview, the man who once claimed to be a “cynic” (but clearly isn’t) has shared his vision of a currency in the future. The value behind it is totally different from what any bank executive would mention-though, let’s be honest, they’re all just juggling numbers with a parrot. The crypto community, ever eager to find meaning in a tweet, interpreted Musk’s words as the description of Bitcoin. 🧠💸

Elon Musk describes a future currency

In a podcast called Moonshots, Musk told the host, Peter Diamandis, that he believes the only real currency in the future would be “energy” or, as he put it, “how much power is being turned into work of some kind.” A poetic way of saying, “Let’s all be slaves to the sun.” ☀️

Basically, this can be described as work and energy. Some within the crypto community on the X social media platform have interpreted it as the key components of Bitcoin and its verification mechanism, Proof of Work, when computational power is used to solve complex math problems to validate transactions on the BTC network. Because nothing says “revolution” like a bunch of computers arguing over who gets the gold. 🤖

“He’s hinting at bitcoin for sure,” an X user, @MoonCallXBT, tweeted. Many other commentators agreed with him. However, Musk did not mention the world’s largest cryptocurrency directly. Because, of course, he wouldn’t want to make it easy for the rest of us. 🎭

Musk calls Bitcoin “fundamental physics-based currency”

At the end of November, during a podcast appearance, Musk made a similar statement, this time directly referring to Bitcoin. He stated that “energy is the true currency” and BTC was based on it. A bold claim, but then again, so is the idea of trusting a blockchain to keep your savings safe. 🧪

“This is why I said Bitcoin is based on energy. You can’t legislate energy,” he stressed. A statement as profound as it is vague. Like saying “the sky is blue” and calling it a manifesto. 🌤️

Musk believes that true energy is hard to harness. However, in the above-mentioned Moonshots with Peter Diamandis podcast, the world’s richest man shared his vision of providing humanity with an unbelievable supply of energy. To achieve that, mankind will have to start harnessing the energy of the sun. Even a tiny part of the energy produced by the sun could give humanity more energy it produces on a regular basis using fossil fuels. Because nothing says “utopia” like a bunch of solar panels and a lot of faith. ☀️

Bitcoin price curve reverses

After the 8.16% growth demonstrated by the world’s bellwether currency, Bitcoin, between January 1 and January 5, when BTC surged from $87,350 to slightly above $94,000 level, BTC has reversed and is currently changing hands at around $92,000 after briefly dropping below that mark. A rollercoaster ride that’s less thrilling than a spreadsheet. 🎢

The crypto market has been going down despite the recent Federal Reserve cuts. Among the multiple reasons that have made investor confidence fade is the recent external US policies. Because nothing says “stability” like a government that’s as predictable as a kangaroo in a tea shop. 🐨

Read More

2026-01-07 13:28