4 hours ago
Led by Elon Musk, Tesla famously purchased $1.5 cardinal worthy of bitcoin (BTC) successful aboriginal 2021 and announced plans to judge BTC arsenic outgo for its products.
Within months though, Musk — proclaiming himself disquieted astir the monolithic amounts of vigor required to unafraid the bitcoin web — said Tesla would nary longer judge bitcoin for outgo until helium was satisfied bitcoin wasn't contributing to clime change.
Little has been heard since from Musk regarding bitcoin, different than Tesla dumping 75% of its bitcoin stack mid-2022, not acold from the epic bottommost of the crypto winter.
Musk, successful fact, has seemingly gone retired of his mode not to get drawn into bitcoin discussions, waving distant Cathie Wood during an online chat much than a twelvemonth agone erstwhile she tried to bring up the subject, and keeping his region from the Trump administration's plans regarding the crypto.
Interest renewed?
That whitethorn person changed contiguous though. In the pre-dawn U.S. hours, Musk took the clip to respond to a Zerohedge X post trying to explicate gold, metallic and bitcoin astatine oregon adjacent grounds highs.
"Money is not the problem: AI is the caller planetary arms race, and capex volition yet beryllium funded by governments (US and China)," said ZH. "If you privation to cognize wherefore gold/silver/bitcoin is soaring, it's the 'debasement' to money the AI arms contention ... But you can't people energy," ZH concluded.
"True," replied Musk. "That is wherefore Bitcoin is based connected energy: you tin contented fake fiat currency, and each authorities successful past has done so, but it is intolerable to fake energy."
Whether this means Musk's afloat engagement with Bitcoin again remains to seen, but the mercurial concern person appears to beryllium paying attraction to the "debasement trade."
English (US) 