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Is Elon Musk Getting Interested in Bitcoin Again?

“Bitcoin is based on energy,” said the Tesla chief early Tuesday. “It is impossible to fake energy.”

💡 DMK Insight

Elon Musk's assertion that "Bitcoin is based on energy" underscores a critical aspect of cryptocurrency's value proposition: its reliance on tangible resources. This highlights the ongoing debate around the sustainability of mining practices and could influence regulatory scrutiny moving forward. As investors grapple with the environmental implications, it suggests that the future of Bitcoin may hinge on innovations in energy efficiency, potentially reshaping sentiment in the market.