Elon Musk, a well-known cryptocurrency supporter, stated that "the future of currency will be based on labor and energy." This statement was made in a video released on January 7th through X (formerly Twitter), and the related remarks quickly spread with the hashtag "#Bitcoin." Musk's remarks are interpreted as a positive signal for cryptocurrencies based on the proof-of-work (PoW) mechanism, such as Bitcoin. Some analysts say that considering Bitcoin's energy-intensive mining structure, it could provide another impetus to the related market.
Copyright ยฉ TokenPost. Unauthorized reproduction and redistribution prohibited.
#ElonMusk #Bitcoin #Cryptocurrency #Energy #Labor #X-statement






