Musk: Bitcoin is energy-based, fiat can be faked but energy cannot be faked

BlockBeats News, October 14th, Financial blog Zerohedge stated on X platform: "AI has become the new global arms race, with capital expenditure ultimately being footed by the government. If you wonder why gold/silver/bitcoin is surging, it's to fund the 'debasement' for the AI arms race. But you can't print energy."

In response, Musk commented: "Agree, this is why Bitcoin is energy-based: you can issue fake fiat currency, every government in history has done so, but energy is unforgeable."