Elon Musk predicted that the role of money in everyday life will eventually become obsolete and suggested that energy and Bitcoin could replace it as the main measure of wealth and power.
During a recent podcast interview with Indian entrepreneur and investor Nikhil Kamath, Musk said he believes that eventually “money as a concept will disappear.”
Just in: Elon Musk says Bitcoin is a real currency based on energy.
“You cannot legislate energy.” pic.twitter.com/jabklmsYL4
— Watcher.Guru (@WatcherGuru) November 30, 2025
Money will be obsolete in a future where everyone can have everything, Musk says
Musk said a future where money is no longer an important part of everyday life is a “strange” idea to wrap your head around. But he argued that in a future where “anyone can have it all,” people will no longer need money as a database for the division of labor.
He linked his vision to the rapid advances in artificial intelligence (AI) technology and robotics.
“When AI and robotics are big enough to meet all human needs, then money is no longer… its relevance decreases dramatically,” he said.
Musk’s vision of a future where money is not necessary is influenced by the books from the Culture series by Scottish author Iain Banks, which the billionaire recommended people read.
In the future depicted in those books, the characters have no money, “and anyone can have pretty much anything he or she wants,” Musk said.
Energy will be the new money
Although money may not be as important in the future, there will be some forms of value that will retain their importance. These “fundamental currencies” will be “based on physics,” Musk said.
He linked that to energy, which the billionaire claimed is “the real currency,” while pointing out that Bitcoin is ‘energy-based’, giving it a major advantage over traditional fiat currencies that governments can print at will.
WHERE.
That’s why Bitcoin is based on energy: you can issue fake fiat money, and every government in history has done so, but it’s impossible to counterfeit energy.
— Elon Musk (@elonmusk) October 14, 2025
Bitcoin’s energy nature comes from the way the Bitcoin network achieves consensus without the need for centralized intermediaries. Specialized hardware called miners continuously monitor the network and process transactions that occur on the Bitcoin blockchain. This process is energy intensive.
For their work in validating transactions, miners are rewarded with new BTC and a portion of the fees the network collects for a period of time.
“You can’t legislate energy,” he said. “You can’t just pass a law and suddenly have a lot of energy.” He then pointed out that it is difficult to generate energy, especially when it comes to using it “in a useful way.”
“We will probably only have energy and power generation as the de facto currency,” he said.
If that’s the case, whoever controls the most efficient energy and has the most abundant energy resources will effectively control the strongest “currency,” he added.
Bitcoin price plummets
Following Musk’s comments, the Bitcoin price has fallen more than 4% in the past 24 hours, according to CoinMarketCap, amid a broader crypto market downturn that some analysts attribute to thin liquidity.
BTC price (Source: CoinMarketCap)
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