Elon Musk has reiterated his support for Bitcoin over fiat currencies, emphasizing its energy-based foundation. In a recent post on X, Musk highlighted Bitcoin's reliance on energy as a key advantage, contrasting it with fiat money, which he claims can be easily manipulated by governments. This statement aligns with ongoing discussions about energy's role in defining value in the digital economy. Despite Musk's endorsement, Bitcoin's market reaction was muted, with the cryptocurrency trading at $111,836, down nearly 3% in the past 24 hours. Musk's influence remains significant, particularly in the meme coin sector, where his comments can cause rapid market shifts. Meanwhile, Tesla's Bitcoin holdings are estimated at $1.28 billion, maintaining one of the largest treasuries among public companies.