Has Elon Musk Finally Made Peace With Bitcoin as the Ultimate Energy-Backed Asset?

When Elon Musk recently proclaimed that energy represents the true form of currency, the crypto community took immediate notice. The statement resonated particularly with Bitcoin advocates, who saw it as validation of their core thesis: a monetary system intrinsically tied to energy expenditure—something fiat currencies fundamentally lack.

The Podcast Revelation: Connecting Dots Between Energy and Crypto

According to U.Today’s coverage, during a podcast interview roughly three weeks prior, Musk elaborated extensively on this philosophy. He drew an explicit connection between his “energy is currency” framework and Bitcoin specifically. The centibillionaire highlighted Bitcoin’s unique characteristic: its value derives from real energy consumption, making it impossible to artificially inflate through legislative action or monetary printing. This alignment with his views on civilization’s energy mastery (measured on the Kardashev scale) seemed to position Bitcoin as the logical conclusion of his thinking.

Notably, Musk also ventured into longer-term speculation, suggesting that traditional money itself could become irrelevant once AI and robotics usher in a post-scarcity era.

The Tesla Paradox: From Conflict to Convergence

Musk’s current stance marks a significant evolution from his previous contradictions. In 2021, Tesla acquired $1.5 billion worth of Bitcoin and briefly accepted it as payment—before abruptly reversing course within weeks. The reason: Musk couldn’t justify the contradiction between Tesla’s commitment to renewable energy and Bitcoin mining’s then-significant dependence on coal infrastructure, particularly concentrated in China’s Xinjiang region.

However, the landscape shifted dramatically between 2021 and 2025. Following China’s mid-2021 crypto mining ban, operations migrated to renewable-rich jurisdictions like Texas (wind and solar) and Iceland (geothermal). By 2025, the Cambridge Centre for Alternative Finance published research confirming that Bitcoin mining had crossed the 50% sustainable energy threshold—fundamentally changing the equation.

The Reconciliation Complete

Today, with Bitcoin trading around $90.77K and sustainable energy powering the majority of mining operations, Musk can finally align his energy-currency philosophy with cryptocurrency without the previous hypocrisy concerns. The “facts on the ground” have evolved, enabling this apparent reconciliation between his environmental values and his recognition that Bitcoin represents energy in its most verifiable, monetizable form.