Elon Musk, CEO of Tesla and SpaceX, stated on X that Bitcoin is based on real energy through its proof-of-work system, unlike fiat currencies that governments can print indefinitely.
This comes amid projections that AI data centers could consume electricity equivalent to entire countries by the decade’s end, driving up power prices by up to 267% in some U.S. regions.
Recent data indicates over 52% of Bitcoin mining now uses zero-emission sources, renewing calls for Tesla to accept the cryptocurrency again.