"Artificial intelligence has become the new global arms race, with governments ultimately footing the bill for capital expenditure," financial blog Zerohedge said on the X platform. "If you want to understand why the prices of gold, silver and bitcoin have skyrocketed, it's because governments are printing money to support this AI race, leading to currency devaluation. Has anyone calculated how many new nuclear power plants the US will have to build by 2028 to power all these daily AI'hi-hi 'transactions?"
In response, Musk commented: "This is why Bitcoin is based on energy: you can issue fake fiat currency, as every government in history has done, but energy cannot be counterfeited."
Elon Musk: Bitcoin is based on energy, and governments can issue fake fiat currencies
2025-10-14 07:04:58
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