Musk: Bitcoin relies on non-falsifiable energy, while fiat currency has issues of over-issuance

ChainCatcher news, the financial blog Zerohedge stated on the X platform: "Artificial intelligence has become the new global arms race, and capital expenditures will ultimately be covered by the government. If you want to understand why the prices of gold, silver, and Bitcoin have skyrocketed, it's because governments are printing a lot of money to support this AI competition, leading to currency devaluation. Has anyone calculated how many nuclear power plants the U.S. will need to build by 2028 to power all these daily 'self-indulgent' AI transactions?" In response, Musk commented: "This is why Bitcoin is energy-based: you can issue fake fiat currency, every government in history has done this, but energy cannot be faked."