Last night I saw a bombshell piece of news—Elon Musk suddenly dropped a line: "The essence of future currency is whoever can generate more electricity."

Just a few hours later, Jensen Huang chimed in: "Bitcoin is essentially portable energy."

These two tech giants have simultaneously shifted Bitcoin’s positioning from “digital gold” to “energy currency.” This narrative switch is incredibly powerful.

Why did this spark the market? Here are a few thoughts I’ve had:

**First, AI has made electricity the scarcest resource.** Training a large model burns through tens of GWh of electricity, and data centers are already competing with cities for power. Whoever controls cheap electricity controls the money printing machine.

**Second, Bitcoin is the only thing that can ‘package and carry away’ energy.** Solar power from the Middle Eastern deserts, geothermal energy under Iceland’s volcanoes, hydroelectric stations in South America—once the mining rigs are on, energy is instantly converted into BTC and settled across borders within seconds, outclassing traditional energy trade by a mile.

**Third, it could become the ultimate settlement layer.** In the future, when countries buy and sell energy, they might not use dollars or SWIFT anymore, but settle directly with BTC. It would truly achieve a closed loop of “energy is currency, currency is energy.”

For the past decade or so, people have viewed Bitcoin as digital gold, valuing its store-of-value function. But now these two titans are telling you: it’s actually the digital form of energy, with its core in productivity.

When currency is once again pegged to the most scarce means of production—that is, energy itself—Bitcoin is already the closest thing to an “energy standard.”

This narrative upgrade, honestly, feels almost like a nuclear-level shock. The story of the new cycle has already begun.