Elon Musk "Bitcoin, a physics-based currency... an energy-centric scarce asset"

Source: TokenPost Original Title: Elon Musk “Bitcoin ( $BTC ), a physics-based currency… energy-centered scarce asset” Original Link: In a recent podcast appearance, Elon Musk referred to Bitcoin(BTC) as a 'physics-based currency' and highlighted the fundamental value of Bitcoin. He expressed energy as real currency and emphasized that Bitcoin is a rare digital asset based on energy.

Musk emphasized the independence and scarcity of Bitcoin, stating that “energy is the true currency. It is impossible to create energy by law,” highlighting that artificial laws or regulations cannot determine asset values. In particular, his description of Bitcoin as 'physics-based currency(physics-based currency)' suggests a focus on the core property of Bitcoin's mining structure linked to energy consumption.

He then cited the Kardashev Scale (, arguing that the advancement of civilization should be assessed based on its ability to utilize energy. This scale is based on how much energy a civilization can produce and utilize, and Musk used it to connect the value of Bitcoin with the progress of civilization.

Another notable comment is Musk's outlook on 'post-currency'. He stated that if artificial intelligence)AI( and robotic technology develop to the extent that they can meet all human needs, the very concept of currency for labor distribution will become unnecessary. This is a vision of the future premised on a 'society where work is optional', and he referenced science fiction writer Iain M. Banks' 'Culture Series' as an analogy. This series depicts a currency-free society set against a backdrop of advanced technological civilization.

Elon Musk, the CEO of Tesla and SpaceX, breaking his silence to offer such philosophical and futuristic insights on Bitcoin serves as a reminder of the symbolic and structural value of Bitcoin that goes beyond being just an investment product.

Market Interpretation

Musk views Bitcoin not merely as a digital asset, but as a currency based on the real value of energy. This can serve as a counterargument to the controversies surrounding Bitcoin mining, which had been repressed due to issues like ESG, and may influence the medium to long-term reassessment of its value.

Strategic Point

We must pay attention to remarks that re-examine the value of Bitcoin from a technological and philosophical perspective. The focus on the essence of mining, energy costs, and scarcity could have implications for future regulation and institutional design. It is also worth considering the potential for long-term holding perspectives and the prominence of ESG-friendly mining companies.

Terminology Organization

• Physics-based currency): A concept of currency designed based on natural laws, particularly the principles of energy conservation and conversion. It is likened to Bitcoin.
• Kardashev Scale (: A cosmological theory that measures the stages of civilization's development based on the degree of energy utilization.
• Culture Series: A science fiction novel that describes a highly advanced technological civilization where the concepts of currency, labor, and scarcity have disappeared, influencing Musk's vision of the future.