Bitcoin’s Anti-State Revolution: Musk Ignites Global Currency Debate

Elon Musk just dropped a financial bombshell that's shaking the foundations of traditional finance.

The Sovereign Slayer

Bitcoin isn't just digital gold anymore—it's becoming the ultimate weapon against centralized control. Musk's recent comments have turbocharged the conversation about cryptocurrency as the anti-state currency that bypasses government oversight entirely.

Decentralization Unleashed

No central bank approvals. No political manipulation. Just pure, borderless value transfer that cuts through red tape like a hot knife through butter. While traditional economists clutch their pearls about 'regulation,' Bitcoin keeps marching forward—proving that sometimes the best financial innovation happens when you ignore the suits entirely.

The future of money might not be printed by governments—it's being mined by the people.

In Brief

• Elon Musk returns to the crypto spotlight with a strong statement in favor of Bitcoin.
• He asserts that Bitcoin, based on energy, is immune to state manipulations, unlike fiat currencies.
• His statement comes as the global race for AI could reignite inflation via money printing.
• Musk argues that only a currency backed by real expenditure, here energy, can resist devaluation.

Bitcoin, an energy bulwark against fiat currency

In a concise but unequivocal post published this Tuesday on X (formerly Twitter), Elon Musk rekindled the debate around bitcoin and inflationary monetary policies, in the context of a violent correction in the crypto market.

Responding to a message from analyst Zerohedge, the Tesla CEO stated : “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“.

True.

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 message mentioned fears of a new episode of massive money creation aimed at funding the next great global race: that of artificial intelligence. For Zerohedge, this context is already behind the recent rise of bitcoin, gold, and silver, seen as refuges against upcoming devaluation.

By emphasizing that bitcoin production is based on measurable and irreversible energy expenditure, Musk reinforces an old but still debated thesis : bitcoin as a hard asset, incorruptible and not manipulable by states.

Its proof-of-work model gives it, according to its defenders, unique legitimacy among assets. In this regard, Musk’s statement highlights several key points :

• Monetary inflation as a systemic threat, fueled by expansionary fiscal policies and the AI race ;
• The role of energy as a unit of economic truth, in a system where money creation relies on physical and verifiable expenditure ;
• The historical critique of fiat money, perceived by Musk as inherently subject to government manipulation.

In this context, bitcoin is presented not as a mere speculative asset, but as a defense mechanism against purchasing power depreciation. A stance that resonates with part of the crypto community, seeking stability in an increasingly uncertain geopolitical and economic environment.

A symbolic but ambivalent statement

This media appearance by Musk is all the more remarkable as it is his first significant public position on bitcoin in nearly three years. The last was in November 2022, at the heart of the FTX collapse.

At that time, the SpaceX founder soberly declared : “BTC will get through it, but it will be a long winter“, while the Bitcoin price had just dropped to $16,000. The current timing of this new message, while the debate on public debt sustainability and AI rages, suggests a renewed strategic, perhaps political, interest in bitcoin’s potential role in the new world economic order.

However, it should be recalled that Musk had past reservations about the Bitcoin network itself. In May 2021, Tesla suspended BTC payments, citing environmental concerns related to fossil fuel use in mining.

This decision triggered an immediate drop of about 6 % in the price. Although Elon Musk later committed to reconsider the position if the network reached at least 50 % renewable energy, neither he nor Tesla have confirmed a resumption of payments to date. Yet, renewable energy usage in mining reportedly exceeded 55%, without an official reaction from the company.

This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.

When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.

The current statement, although laudatory, therefore does not erase certain ambiguities. Is it a simple ideological signal, or a prelude to a new industrial strategy by Musk around Bitcoin? If the billionaire chose to fully reintegrate BTC into the Tesla ecosystem, or to back certain AI services with it, the impact could potentially be major on the market. Meanwhile, this statement underlines how much positioning on cryptos is becoming a strategic indicator, at the intersection of upcoming economic, monetary, and technological issues.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.