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Elon Musk Says Bitcoin Is Based on Energy, Which Is Impossible to Fake

Tesla and Spacex CEO Elon Musk said on Oct. 14 on X that bitcoin is based on energy, contrasting it with fiat currencies that governments can inflate. His remark was in response to a Zerohedge post linking the rise in go...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Elon Musk Says Bitcoin Is Based on Energy, Which Is Impossible to Fake
Tesla and Spacex CEO Elon Musk said on Oct. 14 on X that bitcoin is based on energy, contrasting it with fiat currencies that governments can inflate. His remark was in response to a Zerohedge post linking the rise in gold, silver, and bitcoin prices to currency debasement driven by government spending on the global […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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