Elon Musk Backs Bitcoin Once Again Amid Crypto Market Turmoil

Jakarta, Pintu News – Elon Musk’s latest statement on Bitcoin (BTC) has caught the attention of markets and crypto enthusiasts around the world. In a tweet, Musk asserted that Bitcoin’s value is closely tied to real energy, in contrast to fiat currencies that can be printed by governments.

The comments come amid concerns about energy demand rising due to global competition in artificial intelligence.

Elon Musk and the Bitcoin Energy Philosophy

Elon Musk, known for his innovations at Tesla and SpaceX, recently reemphasized Bitcoin as an energy-based asset.

Read also: Bitcoin Price Plunges to $112,000 Today as Investor Confidence Remains Shaky

In a discussion on the X platform (formerly Twitter), Musk responded to a post about the rising prices of gold, silver, and Bitcoin being attributed to the devaluation trade to fund the AI arms race.

Musk emphasized that unlike fiat currencies that can be printed at will, Bitcoin is a system that cannot be counterfeited because it is based on real energy. Musk also linked this discussion to the huge energy requirements required by AI infrastructure.

With the increasing demand for energy, Musk argues that Bitcoin offers a more stable and reliable value system compared to currencies that are constantly printed by governments.

Market Reaction to Musk’s Statement

After Musk’s statement, Bitcoin price rebounded despite fears of a crash in the crypto market. Bitcoin price had reached $112,011, with price fluctuations as of October 14 recording a low of $111,569 and a high of $116,020.

Although trading volumes decreased by 18%, data from CoinGlass showed an increase in buying interest in the derivatives market hours after Musk’s tweet. Musk’s remarks also sparked discussion in the crypto community about the possibility of Tesla accepting back payments in Bitcoin.

Some users have asked when Tesla will start accepting Bitcoin again, given that Musk had previously discontinued this payment option due to environmental concerns.

Read also: Solana Overtakes Ethereum on DEX Platforms Amid Surging Liquidity and Trading Volume

Bitcoin and Energy: A Future Perspective

Discussions about Bitcoin and energy are not new to Musk. Since acquiring SolarCity, Musk has emphasized the importance of energy as the basis of true value.

Against this backdrop, Musk reaffirmed Bitcoin’s position as a rare digital asset based on real-world computing. This attracted the attention of investors looking for a resilient asset amid inflation and money printing by governments.

In addition, Tesla (TSLAX) still holds a large amount of Bitcoin (BTC) on its balance sheet, reaching a record high in October 2025 totaling around $1.4 billion. This shows that despite market fluctuations, Musk and Tesla still see Bitcoin as a valuable long-term investment.

Overall, Elon Musk’s latest statements on Bitcoin not only reaffirm his belief in crypto as an energy-based asset, but also highlight the importance of understanding the relationship between technology, energy, and economic value.

By continuing to drive the discussion about energy and its true value, Musk is helping to shape how the market will view Bitcoin in the future.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Elon Musk Endorses Bitcoin Over Fiat. Accessed on October 15, 2025
• Coingape. Elon Musk Endorses Bitcoin Again After Years of Crypto Bloodbath. Accessed on October 15, 2025
• Coinpedia. Elon Musk Says Bitcoin is Based on Energy as AI Drives Global Power Concerns. Accessed on October 15, 2025