Elon Musk Calls Bitcoin ‘Energy Money,’ Says It’s Impossible to Fake Unlike Fiat – New ATH Coming?

Elon Musk has returned to Bitcoin advocacy after years of environmental criticism, calling it “energy money” that cannot be faked, unlike fiat ￰0￱ Tesla CEO tweeted on Tuesday that “ you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy .” The endorsement came in response to a post about AI becoming the new “ global arms race ,” with governments debasing currencies to fund massive computational ￰1￱ framed Bitcoin’s energy-based proof-of-work mining as inherently valuable, comparing it with the unlimited printing of fiat ￰2￱ 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. — Elon Musk (@elonmusk) October 14, 2025 Musk’s Bitcoin Stance Shifts After Three Years of Dogecoin Focus Bitcoin rebounded to approximately $112,000 following Musk’s comments, recovering from the $102,000 low during the October 10 liquidation event that wiped out over $19 billion in leveraged positions.) and working with developers on transaction ￰3￱ fact, today, when a user commented that “ Dogecoin is also based on energy ” under his recent Bitcoin tweet, Musk replied with a “ ” emoji, maintaining his support for the meme coin. — Elon Musk (@elonmusk) October 14, 2025 AI Energy Demands Drive Currency Debasement Narrative Musk’s Bitcoin endorsement is tied directly to concerns about currency debasement, funding AI infrastructure ￰4￱ ￰5￱ of Energy projects data centers could consume between 325 and 580 terawatt-hours annually by 2028, equivalent to powering 30-50 million ￰6￱ AI’s projected energy needs would require 40-70 new nuclear reactors by 2028, each producing approximately 8,000 gigawatt-hours (GWh) of energy yearly.) October 14, 2025 Analysts expect Bitcoin to likely sweep downside liquidity toward $107,000-$109,000.

The key $100,000-$103,000 zone remains the make-or-break level determining whether the broader bullish structure ￰7￱ is expected to face consolidation between $110,000 and $116,000, with a probable downside sweep toward $107,000-$109,000 before attempting a recovery toward $116,000-$120,000, where liquidity clusters are ￰8￱ below $100,000-$103,000 support would invalidate the bullish channel structure and indicate deeper correction potential.