Elon Musk Calls Bitcoin a ‘Fundamental’ And ‘Physics-Based Currency’
Elon Musk described Bitcoin as a fundamental, physics-based currency rooted in energy expenditure, contrasting it with fiat money.Summary
Speaking on a podcast, Tesla and SpaceX CEO Elon Musk characterized Bitcoin as a "fundamental physics-based currency" whose value is intrinsically linked to real-world energy expenditure, unlike government-printed fiat currencies. He argued that energy is the true currency because it cannot be legislated into existence, drawing a parallel between Bitcoin's proof-of-work system and the Kardashev scale for measuring civilization's energy capacity. Musk also speculated that in a future dominated by advanced AI and robotics leading to post-scarcity, money itself might become obsolete. Despite this philosophical view, he acknowledged that traditional national currencies still govern commerce today, with Bitcoin remaining an alternative asset.
(Source：Bitcoin Magazine)