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Bitcoin Price Steady Ahead of Powell Statement
Bitcoin price has held steady in the past few days as investors bought the dip. The BTC/USD pair was trading at 115,575, up from last Friday’s low of 106,895. It remains about 9% below the year-to-date high of 126,300. Bitcoin has also rebounded as investors continued buying the dip. Data shows that investors bought exchange-traded funds (ETF) as they expect it to continue bouncing back. These funds added over $2.7 billion in assets last week after adding $3.2 billion in the previous week. Bitcoin price also rose as investors reacted to the easing tensions between the United States and China. Analysts believe that ... (full story)
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From @elonmusk|Oct 14, 2025True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
Elon Musk Calls Bitcoin 'Pure Energy' - Why Governments Can’t Fake It? Elon Musk has reignited global debate over Bitcoin’s true value, arguing that its foundation lies not in speculation or institutional trust, but in energy itself. “You can issue fake fiat currency , every government in history has done so , but it is impossible to fake energy,” Musk said on a post on X, framing Bitcoin’s energy consumption as the core of its authenticity rather than a weakness. His view challenges decades of conventional economic thinking by suggesting that Bitcoin’s worth is anchored in real-world energy expenditure, not political promises or monetary policy. At the heart of Musk’s argument is a simple physical truth , energy cannot be faked. Every Bitcoin exists because someone invested real electricity and computation to create it.
