Overview
- Musk replied to a ZeroHedge thread tying hard‑asset strength to government debasement to fund an AI arms race, stating that Bitcoin is based on energy that cannot be faked.
- Coverage cast the remark as a rhetorical turn from his earlier environmental concerns after Tesla halted BTC payments in 2021 and sold most of its holdings in 2022.
- No corporate shift has been announced, and on‑chain data indicate Tesla still holds roughly 11,509 BTC, according to Arkham Intelligence.
- Reports cited estimates that over 55% of Bitcoin mining now uses renewable energy, figures attributed to analysts Daniel Batten and Willy Woo and not universally verified.
- Political and market watchers parsed the signal, including praise from Sen. Cynthia Lummis, while Bitcoin’s price reaction was relatively subdued compared with past Musk comments.