Musk says money will die, energy and Bitcoin will take over

Elon Musk predicted that the role of money in daily life would eventually become obsolete and suggested that energy and Bitcoin could replace it as the most important measures of wealth and power.

During a recent podcast interview with Indian entrepreneur and investor Nikhil Kamath, Musk said he believes that eventually, “money will disappear as a concept.”

JUSTIN: Elon Musk says Bitcoin is a true energy-based currency.

“We cannot legislate on energy.” pic.twitter.com/jabklmsYL4

– Watcher.Guru (@WatcherGuru) November 30, 2025

Money will be obsolete in a future where everyone can have anything, says Musk

Musk said a future in which money was no longer an important part of daily life was a “strange” idea to think about. But he argued that in a future where “everyone can have everything,” people will no longer need money as a basis for allocating labor.

He linked his vision to rapid advances in artificial intelligence (AI) and robotics technology.

“If AI and robotics are big enough to satisfy all human needs, then the money no longer exists…its relevance diminishes significantly,” he said.

Elon Musk’s vision of a future where money is not necessary is Scottish author Iain Banks’ Culture book series, which the billionaire recommended people read.

In the future seen in these books, the characters have no money, “and everyone can have pretty much whatever they want,” Musk said.

Energy will be the new currency

Although money may not matter as much in the future, some forms of value will retain their importance. These “fundamental currencies” will be “physics-based,” Musk said.

He linked this to energy, which the billionaire said is “the real money,” while emphasizing that Bitcoin is “energy-based,” giving it a major advantage over traditional fiat currencies that governments can print at will.

TRUE.

This is why Bitcoin is based on energy: you can issue fake fiat currencies, and every government in history has done that, but it is impossible to simulate energy.

– Elon Musk (@elonmusk) October 14, 2025

The energy nature of Bitcoin arises from the way the Bitcoin network achieves consensus without the need for centralized intermediaries. Specialized hardware, called a miner, constantly monitors the network and processes transactions that take place on the Bitcoin blockchain. This process is energy intensive.

For their work validating transactions, miners are rewarded with new BTC and a portion of the fees collected by the network for a given duration.

“You can’t legislate energy,” he said. “You can’t just, you know, pass a law and suddenly have a lot of energy.” He then stressed that it is difficult to produce energy, especially when it comes to exploiting it “in a useful way”.

“We will probably just have energy and power generation as the de facto currency,” he said.

If so, whoever controls the most efficient energy and has the most abundant energy resources will effectively control the strongest “currency,” he added.

Bitcoin price falls

Following Musk’s comments, the price of Bitcoin fell more than 4% in the past 24 hours, according to CoinMarketCap, amid a broader decline in the crypto market attributed by some analysts to low liquidity.

BTC Price (Source: CoinMarketCap)

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