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News for India > Business > Elon Musk makes a U-turn, backs Bitcoin as ‘it is impossible to fake energy’ — What this means | Stock Market News
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Elon Musk makes a U-turn, backs Bitcoin as ‘it is impossible to fake energy’ — What this means | Stock Market News

Last updated: October 15, 2025 6:33 am
4 months ago
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Elon Musk on Tuesday changed his opinion on Bitcoin again, this time rallying behind the cryptocurrency that Donald Trump has been supporting since he became the US President for the second time earlier this year.

In a post on X, the Tesla CEO said that Bitcoin’s energy-based foundation is exactly what makes it valuable — a U-turn from what he said in 2021.

(This is a developing story. Check back for updates)



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