Overview

• Responding to a ZeroHedge post on governments financing an AI arms race, Musk wrote that fiat can be faked but energy cannot, calling this the basis of Bitcoin.
• Coverage contrasted the comment with his 2021 move to suspend Tesla’s BTC payments over mining emissions and his prior criticism of Bitcoin’s electricity use.
• Tesla is reported to still hold about 11,509 BTC worth roughly $1.3 billion, and there were no announcements of new actions by Musk or his companies.
• Analysts cited estimates that more than 55% of Bitcoin mining now uses renewable energy, a level Musk once named as sufficient for resuming payments, though no change has been confirmed.
• Market reaction was muted, with bitcoin trading near $111,000 and Dogecoin little changed despite Musk’s brief acknowledgment of a community post.