Indian cryptocurrency exchange CoinDCX’s co-founder and Chief Executive Officer (CEO), Sumit Gupta, in his recent post on social media, put forward a few questions on crypto for the online brokerage platform Zerodha co-founder Nikhil Kamath after his recent podcast with Elon Musk.
In his post on X, Sumit Gupta congratulated Kamath for the success of his “WTF podcast” and said that he, along with millions of Indians, is learning a lot from the same.
Gupta highlighted how Nikhil Kamath has spoken to many leaders, such as Elon Musk, Ray Dalio, Nandan Nilekani, and Ruchir Sharma, getting their views about bitcoin and blockchain, and now it was the podcaster’s time to put forward his take on crypto.
“Would be keen to know what your view on blockchain and bitcoin is now? Has it evolved from those conversations? Do you hold any BTC?” questioned Gupta in his post on X.
Elon take on Bitcoin
Billionaire founder of Tesla, Elon Musk, in his interview with Nikhil Kamath, said that the only true currency in this world is “energy,” which is based on physics.
Energy is something that people can not legislate to have more of. Musk also highlighted that in future, probably humanity will not have money, they will have energy and then power generation will become the de facto currency of the world system.
“Some currencies are physics-based. So energy is the true currency. This is why I said Bitcoin is based on energy. You can’t legislate energy. You can’t just pass a law and suddenly have a lot of energy. It’s very difficult to generate energy, especially to harness energy in a useful way. Probably (in future) we won’t have money, and probably will just have energy, with power generation, as the de facto currency,” said Elon Musk in his recent interaction with Nikhil Kamath.
Bitcoin today
CoinMarketCap data show that Bitcoin prices dropped 0.46% to $87,257.39 as of 7:54 p.m. (IST) on Wednesday, 24 December 2025, compared to its earlier $87,660 levels during the same time the previous day amid broader crypto market weakness, bearish technicals and ETF outflows.
The data suggest that Bitcoin was trading below the critical moving average levels, signalling weak momentum in the market amid $188.6 million of net ETF outflows as of 23 December 2025.
In the last 24-hour period, the benchmark cryptocurrency, Bitcoin’s market capitalisation (M-Cap), dropped 0.51% to $1.73 trillion, while the volumes tanked 26% to $31.5 billion.
Investing in cryptocurrencies is highly risky due to the rapid and volatile nature of the crypto market. Hence, investors should be cautious and aware before making any conscious investment decision.
Read all stories by Anubhav Mukherjee
