Elon Musk
Elon Musk posted that energy — not cash — is the real form of currency, triggering speculation that he was indirectly endorsing Bitcoin. The remark sparked positive reaction across crypto circles and renewed discussion about BTC's link to energy.
A single fire emoji from Elon Musk helped Russell (RUSSELL), a memecoin inspired by the Coinbase co-founder’s pet dog and listed on Coinbase, jump more than 240% in 24 hours. The move highlights Musk’s continued ability to move token prices and the volatile nature of meme-driven crypto trades.
Ethereum co‑founder Vitalik Buterin sharply criticized Elon Musk’s free‑speech rhetoric, saying the promise has become a hotspot for hate speech and hypocrisy and declaring 'Free speech is doomed.' The remarks heighten debates over moderation and decentralization in crypto communities.
On a Nov. 30 podcast, Elon Musk ended his long silence on Bitcoin, describing the leading cryptocurrency as a “fundamental, physics-based currency.” His comments have renewed discussion about BTC’s role as a digital commodity and store of value.
X’s new location-visibility setting has prompted a wave of racism, harassment and doxxing across Crypto Twitter. Users and privacy advocates warn the feature could enable targeted crimes against crypto holders and influencers.
On October 14, 2025, Elon Musk revisited the topic of Bitcoin, emphasizing its unique energy-backed value in contrast to fiat currency. Musk linked rising prices of gold, silver, and Bitcoin to funding in the AI arms race, suggesting Bitcoin's energy basis makes it immune to counterfeiting.