tldr; Elon Musk praised Bitcoin as an energy-based system that counters the debasement of fiat currencies, emphasizing its proof-of-work mechanism and capped supply of 21 million coins. He highlighted Bitcoin’s resistance to inflation compared to fiat money, which governments can print at will. Musk’s companies, SpaceX and Tesla, have allocated portions of their reserves to Bitcoin, with Tesla holding approximately 10,500 BTC worth $1.18 billion. Musk’s views align with Bitcoin as a hedge against flaws in traditional currencies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
RosieDear on
He not only faked (IMHO) all of his „green save the world“ PR, but now is actively promoting perhaps the largest waste of electricity in the entire world!
BTC is not „energy based“ in that it doesn’t store the energy and you can’t get the energy back out of it…….we already have a currency that does that without requiring massive waste of energy
(like most every currency that exists!).
Exceptionaltomato on
Market is so fed up with his nonsense there is not even a slight movement following this
Bear-Bull-Pig on
It would be great if he can stop being an attention whore
Next_Statement6145 on
enough of these billionaires giving takes on crypto everyday
Ok-Fruit-2252 on
Is he willing to give away his fake fiat?
Redacted_Bull on
Elon may be a Nazi cuck, but he’s also a scam artist.
Bongressman on
He needs to poison everything. I hope his useless, fake fiat gets buried under his unsold Cybertrucks.
monkeybuttsauce on
Who cares what he says
MichaelAischmann on
He promotes DOGE as energy based in the same thread. 🤦♂️
26 Kommentare
But somehow it doesn’t look good to be pumping 🤔
tldr; Elon Musk praised Bitcoin as an energy-based system that counters the debasement of fiat currencies, emphasizing its proof-of-work mechanism and capped supply of 21 million coins. He highlighted Bitcoin’s resistance to inflation compared to fiat money, which governments can print at will. Musk’s companies, SpaceX and Tesla, have allocated portions of their reserves to Bitcoin, with Tesla holding approximately 10,500 BTC worth $1.18 billion. Musk’s views align with Bitcoin as a hedge against flaws in traditional currencies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He not only faked (IMHO) all of his „green save the world“ PR, but now is actively promoting perhaps the largest waste of electricity in the entire world!
BTC is not „energy based“ in that it doesn’t store the energy and you can’t get the energy back out of it…….we already have a currency that does that without requiring massive waste of energy
(like most every currency that exists!).
Market is so fed up with his nonsense there is not even a slight movement following this
It would be great if he can stop being an attention whore
enough of these billionaires giving takes on crypto everyday
Is he willing to give away his fake fiat?
Elon may be a Nazi cuck, but he’s also a scam artist.
He needs to poison everything. I hope his useless, fake fiat gets buried under his unsold Cybertrucks.
Who cares what he says
He promotes DOGE as energy based in the same thread. 🤦♂️
[https://x.com/elonmusk/status/1978029209692885234](https://x.com/elonmusk/status/1978029209692885234)
Ok everybody, remember not to give the attention seeker any attention.
Do I have to stop liking Bitcoin now 🙁
Well, he changed his tune.
Whatever Elon says, the world should ignore it. It’s the ketamine talking, not him
Crypto is the fake currency, its not backed by governments, government issued currency is the real currency.
Fuck that guy
What happens to that energy? Useful or wasted? Oh…. fucking moron.
Sure buddy, say that again after you buy back your sold Bitcoins for FIAT
As he pushes to be paid in $46b of ‘fake fiat’
He should invest all his cash into BTC then – put your money where your mouth is
OK. Give me yours
Fuck that guy he pushed DOGE to fatten his pockets as his little play time. He has zero credibility
ElongatedCuntMusk
You know what’s real? It’s when they give you something made physically from using energy to run a printer.
I miss the days when Elon (or others) could pump BTC