Recently, I’ve noticed an interesting phenomenon: Elon Musk and Jensen Huang from NVIDIA—two tech giants usually busy with their own domains—have actually found common ground when it comes to Bitcoin.

Their perspective is quite novel: Bitcoin might not just be a "digital gold," but is becoming a kind of global hard currency based on energy. Sounds a bit far-fetched? Actually, if you think about it, it makes a lot of sense.

AI training is consuming more and more electricity, making global power increasingly valuable. From this angle, stable electricity generation capacity is itself a hard asset. What Bitcoin does is, it takes surplus electricity from idle hydroelectric and solar plants around the world and, through mining, converts it into a form of value that can be transferred instantaneously and circulate globally.

More importantly, this system doesn’t rely on any centralized institution for endorsement. The proof-of-work mechanism is energy-intensive, but precisely because of this, it binds real-world energy consumption to on-chain value, forming a trustless global settlement layer.

Viewed this way, Bitcoin is no longer just a speculative asset or a hedge. It may be becoming humanity’s first truly decentralized asset anchored to a scarce physical resource (energy). The idea of monetary value being based on energy isn’t new; Bitcoin has just digitized and re-implemented it.

This narrative shift could be much more important than simply speculating on price. What do you think?