Tesla and SpaceX CEO Elon Musk recently emphasized Bitcoin’s unique value proposition, calling it the “true currency” rooted in energy. In a discussion with Indian entrepreneur Nikhil Kamath, Musk explained why energy, rather than fiat money, underpins Bitcoin’s long-term value. He also provided an update on his Department of Government Efficiency (DOGE) initiative, confirming it is still active.
Bitcoin: A Physics-Based Currency
Musk described Bitcoin as a “physics-based” currency, saying, “Energy is the true currency. This is why I said Bitcoin is based on energy.” He highlighted that energy cannot be legislated or created by decree, unlike fiat currencies, making Bitcoin a fundamentally scarce and secure asset. Bitcoin mining, which requires massive electricity consumption to solve complex mathematical puzzles, ensures the network’s security and issues new BTC predictably.
Governments Cannot Fake Energy
Musk reiterated his earlier points from October 2025 that governments cannot fabricate energy. Unlike fiat currencies, which can be printed at will, energy requires real-world resources to produce and harness. Bitcoin’s energy-backed nature, Musk argues, makes it a “fundamental” currency, giving it intrinsic value that cannot be manipulated.
DOGE Initiative: An Ongoing Side Quest
Musk also discussed his Department of Government Efficiency (DOGE), calling it an “interesting side quest” that offered insights into governmental operations. The initiative focuses on simple, practical measures to ensure financial responsibility. Musk confirmed DOGE is still active and functioning despite rumors of disbandment. The department’s website claims approximately $214 billion in savings, though some figures reportedly represent maximum contract values rather than actual reductions.
Market Context: BTC and DOGE Prices
At the time of reporting, Bitcoin was trading at $86,563.48, down 4.75% over the last 24 hours, while Dogecoin was at $0.1381, down 6.88%. Despite recent volatility, Musk’s remarks reinforce confidence in energy-backed cryptos and hint at DOGE’s continued relevance in governmental efficiency initiatives.
Related read: Dogecoin Price Prediction
Conclusion
Elon Musk’s latest statements reaffirm his long-term vision for Bitcoin as an energy-backed, fundamentally secure currency. At the same time, his DOGE initiative continues to operate, emphasizing financial accountability and practical governance measures. For investors and crypto enthusiasts, these updates highlight Musk’s ongoing influence across the crypto ecosystem and innovative government projects.
Also read: Elon Musk Cryptos
