The CEO of Nvidia, the world's leading artificial intelligence chip manufacturer, has made important statements regarding Bitcoin (BTC).
Speaking at a panel on artificial intelligence and energy, Nvidia CEO Jensen Huang highlighted Bitcoin's innovative role in transforming surplus energy into a new form of currency.
Stating that Bitcoin is not an environmental burden, the Nvidia CEO described BTC as a mechanism for converting unused electricity into a globally transferable asset.
At this point, Huang argues that with BTC, excess energy is effectively transformed into a portable financial asset.
According to him, unused power from power plants or renewable energy fields can be utilized instead of being wasted by converting it into digital assets through mining. In this case, excess energy can be instantly converted into BTC through mining, thus transforming it into an exportable, unlimited form of value. In other words, Bitcoin is not just “digital money,” it's energy transformed into an asset.
“Bitcoin is a tool for converting idle or surplus energy into money.”
Bitcoin takes excess energy, stores it as currency, and allows that energy to move anywhere in the world in the form of digital currency.
These statements actually align perfectly with the views of Tesla and SpaceX founder Elon Musk, who argues that Bitcoin will replace fiat currency due to its intrinsic value tied to energy consumption. He points out that more than 50% of Bitcoin mining is now done using renewable energy.
Musk stated that Bitcoin is true energy-based money, energy-reliable and immutable, saying, “Energy is real currency. That's why I say Bitcoin is energy-based.”
*This is not investment advice.
