Energy Consumption

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.

Norway aims to introduce a temporary ban on highly energy-consuming crypto mining data centers starting autumn 2025 to conserve electricity for other industries. This move addresses environmental and economic concerns linked to cryptocurrency mining.