Elon Musk: Bitcoin is the Ultimate Inflation Shield
Elon Musk has reiterated his support for Bitcoin (BTC), highlighting its energy-based proof-of-work model as an inflation-proof mechanism. He stated, "You can issue fake fiat currency... but it is impossible to fake energy." This endorsement comes amid concerns that an AI arms race could lead to increased fiat currency issuance, potentially devaluing traditional money.
Musk's comments, his first major public remarks on Bitcoin in nearly three years, address the asset's scarcity and decentralized nature as protection against governmental currency debasement. Historically, Musk's stance on Bitcoin has evolved, with Tesla previously suspending BTC payments due to environmental concerns, a decision potentially reconsidered as Bitcoin mining's sustainable energy usage reaches new highs.


Cryptovka
Elon Musk Crowns Bitcoin as the Ultimate Inflation Shield Against
Billionaire entrepreneur and Tesla CEO Elon Musk has once again thrown his weight behind Bitcoin (BTC), touting its unique ability to protect inves...








