Musk strikes again: Will the U.S. debt crisis trigger Bitcoin? Energy is the real money.

Question

[Coin World] Musk has fired another shot recently. During an interview on December 2, he sounded the alarm again — the U.S. debt crisis may become a catalyst for Bitcoin big pump.

He has brought out his “Energy Currency Theory” again: “The essence of Bitcoin is energy, and you can't regulate energy itself with laws.” More radically, he directly predicts that the concept of traditional currency will disappear, and energy will be the ultimate form of currency.

The numbers are there: U.S. debt has soared to $38.3 trillion, the money supply is expanding wildly, and the deficit is burning $2 trillion each year. According to Musk's logic, this money printing game can't go on forever.

Interestingly, his judgment on AI is that within three years, artificial intelligence will boost productivity to a level that inflation can't keep up with. At that time, deflation may occur, and interest rates could drop to zero. With this combination of factors, the narrative of Bitcoin as an anti-inflation asset may need to be rewritten.

Whether you believe in his theory or not, one thing is clear: the cracks in the traditional financial system are widening, and cryptocurrencies are right at the center of this gap.

PaperHandsCriminal · Accepted Answer

This old guy Musk is spinning stories again, energy equals money? Then why hasn&#39;t my electricity Transaction History made me rich, I&#39;m dying of laughter.

NFTragedy · Answer

Energy = money, I need to think about this logic, but the 38 trillion debt is indeed frightening.

Musk is selling anxiety again, this time the energy theory sounds like it&#39;s trying to whipsaw BTC.

Three years of deflation? Is it a bit early to hoard coins now?

There are plenty of games that can&#39;t be played anymore, the Fed is just a craftsman.

The energy currency theory sounds grand, but try using energy to buy groceries.

After so many years of talking nonsense, let&#39;s see if his Grok prediction is accurate before saying anything.

It&#39;s truly absurd, is the debt crisis actually favourable information? How convoluted must this logic be to come up with?

WenMoon · Answer

This guy Musk just loves to hype energy coins. I&#39;ve listened to it ten times and still don&#39;t understand how it turns into money.

Does BTC really have to rely on the US debt crisis to take off? Well, let&#39;s talk about it later.

The energy standard sounds great, but what about practical application?

It&#39;s another three years, and it&#39;s another AI deflation; he played this script last year.

The point about the money printer not stopping is credible, but the rest... hey.