Musk Says Cash Will Die, Power And Bitcoin To Take Over

Elon Musk predicted that cash’s function in on a regular basis life will ultimately turn into out of date and steered that vitality and Bitcoin might substitute it as an important measures of wealth and energy.

Throughout a latest podcast interview with Indian entrepreneur and investor Nikhil Kamath, Musk mentioned he believes that ultimately, “cash disappears as an idea.” 

JUST IN: Elon Musk says Bitcoin is a real forex based mostly on vitality.

“You may’t legislate vitality.” pic.twitter.com/jabklmsYL4

— Watcher.Guru (@WatcherGuru) November 30, 2025

Cash Will Be Out of date In A Future The place Anybody Can Have Something, Says Musk

Musk mentioned {that a} future the place cash is not an essential a part of each day life is a “unusual” concept to wrap one’s head round. However he argued that in a future the place “anybody can have something,” individuals will not want cash as a database of labor allocation.” 

He linked his imaginative and prescient to the fast development in synthetic intelligence (AI) know-how and robotics.

“If AI and robotics are sufficiently big to fulfill all human wants then, then cash is not… its relevance declines dramatically,” he mentioned. 

Influencing Musk’s imaginative and prescient of a future the place cash just isn’t needed is the Tradition sequence books by Scottish creator Iain Banks, which the billionaire really helpful individuals learn. 

Sooner or later seen in these books, the characters don’t have cash, “and everybody can just about have no matter they need,” Musk mentioned. 

Power Will Be The New Cash

Whereas cash won’t matter as a lot sooner or later, there shall be some types of worth that may retain their significance. These “elementary currencies” shall be “physics-based,” Musk mentioned. 

He linked that to vitality, which the billionaire argued is “the true forex,” whereas mentioning that Bitcoin is “based mostly on vitality,” giving it a serious benefit over conventional fiat currencies that governments can print at will. 

True.

That’s the reason Bitcoin is predicated on vitality: you’ll be able to difficulty faux fiat forex, and each authorities in historical past has carried out so, however it’s inconceivable to faux vitality.

— Elon Musk (@elonmusk) October 14, 2025

Bitcoin’s vitality nature stems from how the Bitcoin community achieves consensus with out the necessity for centralized intermediaries. Specialised {hardware}, referred to as miners, continually monitor the community and course of transactions that happen on the Bitcoin blockchain. This course of is vitality intensive. 

For his or her work in validating transactions, miners are rewarded with new BTC and a portion of the charges collected by the community for a given time.

“You may’t legislate vitality,” he mentioned. “You may’t simply, you realize, move a regulation and instantly have lots of vitality.” He then identified that it’s troublesome to generate vitality, particularly relating to harnessing it “in a helpful means.” 

“We in all probability will simply have vitality, energy technology because the de facto forex,” he mentioned. 

If that’s the case, whoever controls essentially the most environment friendly vitality and has essentially the most considerable vitality sources will successfully management the strongest “forex,” he added. 

Bitcoin Worth Tumbles

Following Musk’s feedback, the Bitcoin worth has declined by greater than 4% previously 24 hours, in line with CoinMarketCap, amid a broader crypto market pullback attributed by some analysts to skinny liquidity. 

BTC worth (Supply: CoinMarketCap)

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