Elon Musk Validates Bitcoin: Says “It’s Based on Energy”

Elon Musk Validates Bitcoin: Says “It’s Based on Energy”
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Tesla CEO Elon Musk has issued a major validation line towards Bitcoin

BTC
$111 086

24h volatility:
3.0%

Market cap:
$2.21 T

Vol. 24h:
$76.07 B

after Zero Hedge suggested that Artificial Intelligence (AI) is the new global arms race.
Musk’s praise of Bitcoin comes after a few years of being silent on the cryptocurrency. This is quite notable considering that the industry is recovering from a recent bloodbath triggered by the US-China trade war.
Bitcoin Is Based on Energy
Zero Hedge made a post on X, spotlighting the rising gold, silver, and Bitcoin prices amid the “debasement trade.”
The outfit claimed that trade surplus would be directed towards funding the AI arms race. The analysis platform went further to

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