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Billionaire Elon Musk talked about Bitcoin for the primary time after a few years, praising its true vitality foundation. The endorsement comes at a vital time when the crypto market faces renewed main crash considerations. Traders reply instantly to Musk\u2019s Bitcoin endorsement, inflicting a rebound in BTC worth.<\/p>\n
On October 14, Elon Musk mentioned, \u201cBitcoin is based on energy: You can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.\u201d<\/p>\n
The assertion is available in response to zerohedge\u2019s X post<\/a> on rising gold, silver, and Bitcoin costs amid the \u201cdebasement trade\u201d to fund the AI arms race. He claimed the world is in an AI world arms race, with capital expenditure that can ultimately be funded by governments such because the U.S. and China.<\/p>\n True. <\/p>\n That is why Bitcoin is predicated on vitality: you may subject pretend fiat forex, and each authorities in historical past has performed so, however it’s inconceivable to pretend vitality.<\/p>\n \u2014 Elon Musk (@elonmusk) October 14, 2025<\/a><\/p>\n<\/blockquote>\n Musk has continued to lift considerations concerning the US authorities printing cash out of skinny air, saying the federal government has \u201cmagic money computers.\u201d He has issued a number of dire warnings over the spiralling $37 trillion US nationwide debt.<\/p>\n Nevertheless, the pro-Bitcoin rhetoric marks a notable return from criticizing BTC\u2019s vitality consumption. Musk has largely centered on Dogecoin, even hinting at integrating DOGE into X Money. He is even planning to launch a pro-Bitcoin US political party<\/a>.<\/p>\n Elon Musk\u2019s Bitcoin endorsement triggered a slight rebound in BTC worth, at the moment buying and selling at $112,011. The 24-hour high and low are $111,569 and $116,020, respectively.\u00a0<\/span><\/p>\n Furthermore, the buying and selling quantity has decreased by 18% within the final 24 hours. This signifies a decline in curiosity amongst merchants forward of FED Chair Jerome Powell\u2019s speech<\/a> at this time.<\/span><\/p>\n The derivatives market confirmed shopping for in the previous few hours, as per <\/span>CoinGlass<\/span> knowledge. At the time of writing, the entire BTC futures open curiosity jumped 0.1% to $72.98 in an hour. The BTC open curiosity was nonetheless down 1.30% within the final 4 hours and almost 3.50% prior to now 24 hours.<\/span><\/p>\n<\/p><\/div>\n\n
BTC Price Saw Cautious Rebound<\/h2>\n