Elon Musk: Bitcoin is based on energy, as energy cannot be faked
Jinse Finance reported that financial blog Zerohedge stated on the X platform: "Artificial intelligence has become the new global arms race, and the capital expenditures will ultimately be paid by governments. If you want to understand why the prices of gold, silver, and bitcoin are soaring, it's because governments around the world are printing massive amounts of money to support this AI race, leading to currency devaluation. Has anyone calculated how many new nuclear power plants the United States will need to build by 2028 to provide electricity for all these daily 'self-indulgent' AI transactions?" In response, Musk commented: "This is why bitcoin is based on energy: you can issue fake fiat currency—every government in history has done this—but energy cannot be faked."
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