From DOGE to Bitcoin: How fiat accidentally ‘orange-pilled’ Elon Musk

Elon Musk recently suggested that Bitcoin is fundamentally based on energy, which he considers the true currency, making it superior to fiat money that governments can infinitely print. Bitcoin mining advocate Daniel Batten posits that Musk's realization stems from his firsthand, unsuccessful experience trying to rein in US government spending while working with the Department of Government Efficiency (DOGE). Batten argues that this effort served as an experiment, showing Musk the impossibility of controlling fiat spending, thus pushing him toward the conclusion that a non-printable, energy-backed asset like Bitcoin is necessary for sound money. Furthermore, Batten addressed the changing perception of Bitcoin mining's environmental impact, noting that early negative narratives, particularly influential in European policymaking, were based on factually incorrect metrics focusing on per-transaction energy use rather than the network's overall energy expenditure.

(Source：Cointelegraph)