Elon Musk’s efforts to address government inefficiencies may have led to his renewed interest in Bitcoin. Musk highlighted Bitcoin’s intrinsic connection to energy, suggesting it could replace fiat money. His failed experiment with Dogecoin reportedly changed his perspective on the financial system. Musk’s background in physics plays a role in his evolving views on Bitcoin.

Bitcoin mining advocate Daniel Batten discussed Musk’s journey and the changing perception of Bitcoin’s environmental impact. Mainstream media misconceptions about Bitcoin’s energy use have been debunked by academic reports. European policymakers have made decisions based on incorrect information about Bitcoin’s energy consumption. Understanding that energy use in Bitcoin comes from mining, not transactions, is crucial for regulators.

Read more at Cointelegraph: How Fiat Orange-Pilled Elon Musk To Bitcoin