Tesla chief links Bitcoin’s foundation to energy, reviving talk of his return to crypto discussions
After years of relative silence on Bitcoin, Elon Musk has reignited speculation about his renewed interest in the cryptocurrency. In an early-morning post on X (formerly Twitter), the Tesla and SpaceX CEO echoed one of Bitcoin’s oldest principles — its direct tie to real-world energy.
Responding to a market commentary about rising gold, silver, and Bitcoin prices, Musk wrote:
“That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.”
The statement came as Bitcoin trades near $111,000, supported by institutional inflows and a growing narrative around digital scarcity. Musk’s comment — “it is impossible to fake energy” — quickly went viral, sparking renewed debate about whether the billionaire might once again influence the Bitcoin market.
A Quiet Period Since Tesla’s Bitcoin Sale
Musk’s comment marks his first public acknowledgment of Bitcoin in nearly three years. Tesla famously purchased $1.5 billion worth of BTC in 2021, briefly accepted it as payment, and later sold 75% of its holdings during the 2022 bear market.
At the time, Musk said he was concerned about Bitcoin’s energy consumption, leading Tesla to suspend BTC payments until “mining relies on more sustainable power.” Since then, the entrepreneur has largely avoided discussing crypto, even sidestepping mentions from prominent investors like Cathie Wood.
Market observers say Musk’s recent comment could signal a shift in tone rather than an active re-entry.
“When someone like Musk starts referencing Bitcoin’s energy basis again, it usually precedes renewed institutional curiosity,” said David Lin, an independent market strategist. “It’s less about Tesla’s balance sheet and more about reaffirming Bitcoin’s economic logic.”
Still, others warn against overinterpreting a single post.
“Elon enjoys provoking thought — not necessarily markets,” noted blockchain researcher Ava Tran.
Yet, with Bitcoin near record highs and energy debates resurfacing, Musk’s brief remark has once again positioned him at the center of the crypto conversation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.