Wu Blockchain, a famous Chinese crypto journalist and analyst who provides insight into the crypto market, has openly declared the statements of both major tech leaders, Elon Musk and Jensen Huang, about the future of Bitcoin ($BTC). According to both famous leaders, Bitcoin holds energy that makes it usable anywhere, so they argue that the crux is “Bitcoin ($BTC) as an Energy Currency.”
Elon Musk, a well-known figure in the history of the digital world, is known for the services that make the impossible possible through advanced technology. He argued in an interview that “energy is the true currency.” On the other hand, Jensen Huang, CEO of NVIDIA, said, “Bitcoin as a new storage vehicle for surplus energy” in an interview with Margaret Spellings, President and CEO of the Bipartisan Policy Center.
Bitcoin as the Bridge between Energy and Economics
After research, there is energy behind every economic value. Bitcoin is also one of them that hold real-world energy (electricity + computation) into a digital asset that can be stored and carried all over the world. According to the law of energy, “energy can neither be generated nor destroyed, but it can change from one form to another.”
According to Jensen Huang, Bitcoin can act as a portable storage system for extra energy without any loss by changing the position. Other energies like solar, wind, and hydro can be wasted, but Bitcoin is the best way to carry energy from one place to the desired place for meaningful use and get desired outcomes.
Bitcoin is Leading DeFi as the World’s Energy Currency
Bitcoin ($BTC) has already become a ruling currency in this digital world, and the future of decentralized finance (DeFi) is Bitcoin ($BTC). At the same time, Bitcoin is also acting like a storage place of excess energy and is able to transfer from one place to another. Because the energy used in mining converts over energy into Bitcoin, and then Bitcoin can be moved from one place to another.