In a recent podcast, Elon Musk reiterated that Bitcoin's value is essentially "energy-based." He predicts that with the development of artificial intelligence and robotics, we may enter a "post-scarcity" society where energy will become the true currency, as it cannot be controlled by legislation or created out of thin air—a stark contrast to fiat currencies that rely on government credit. Bitcoin's proof-of-work mechanism (mining) transforms electricity consumption into cybersecurity and scarcity, ensuring that each Bitcoin's creation is based on real energy input. Musk's perspective has shifted: from concerns about electricity consumption in 2021 to full acceptance of the concept in 2023, emphasizing the key role of energy sources (such as renewable energy)—if clean energy is used, Bitcoin mining could become a global energy storage and value conversion tool. In today's economic uncertainty, Bitcoin's value proposition, as an asset independent of central authorities and rooted in physical energy, appears even more unique and robust. $BTC
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