Musk Links Bitcoin’s Value to Energy Use Amid Price Surge to $125K
Elon Musk contrasted Bitcoin’s energy-based value with risks of fiat currency misuse, as Eric Trump’s February $96K buy call preceded a record price high.
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Terms & Concepts
Fiat currency: Government-issued currency not backed by a physical commodity, such as gold or silver.
Bitcoin: A decentralized digital currency operating without a central authority, secured by blockchain technology.
Blockchain: A distributed digital ledger that records transactions across multiple computers in a secure, tamper-resistant way.