Musk reignites Bitcoin: Energy Philosophy and the Movement of Billions in Funds

Elon Musk has once again become the focus of the Crypto Assets world. On November 27, 2025, his space exploration company SpaceX made a significant Bitcoin transaction, transferring 1163 BTC (worth approximately $105 million) to a new Wallet Address.

Meanwhile, the price of Bitcoin stabilized above $91,000 on November 28, rebounding from a low of nearly $80,000 last week.

This movement of funds coincides with Musk's significant shift in attitude towards Bitcoin over the past few months—from previously criticizing Bitcoin's energy consumption as “crazy” to now openly declaring that “Bitcoin's energy basis” is precisely its core value.

01 SpaceX's Billion Bitcoin Transfer

Blockchain data does not lie. On November 27, 2025, SpaceX made a notable Bitcoin transaction, transferring 1163 BTC to a new Wallet Address.

The funds ultimately flowed into two separate wallets, holding 399 and 764 Bitcoins respectively.

This transaction is not the first large Bitcoin movement by SpaceX in recent times. Just a month ago, in October 2025, the company also transferred 281 Bitcoins to an unknown Wallet, which raised speculation among observers about whether these coins were merely being reshuffled or prepared for sale.

Contrary to speculation about immediate sell-offs in the market, analysis indicates that this transfer is likely a custodial restructuring.

According to CoinCentral's analysis, these funds were transferred to two new unmarked wallets, using modern SegWit address formats to enhance security and efficiency, and the moved funds remain idle, showing no immediate signs of being sold.

02 Musk's Bitcoin Philosophy Shift

Elon Musk's attitude towards Bitcoin has undergone a remarkable evolution. Looking back to 2021, he criticized the Bitcoin network's energy consumption as “insane,” which led Tesla to stop accepting BTC payments.

However, on October 14, 2025, his statement on platform X was completely different: “This is why Bitcoin is based on energy. You can issue fake fiat currency; every government in history has done this, but energy cannot be faked.”

This statement marks his complete acceptance of the core defense of Bitcoin supporters that “Proof of Work (PoW) is a characteristic.”

As an entrepreneur who has achieved success in the fields of rocket science, solar energy, and electric vehicles, Musk ultimately views Bitcoin as another expression of “energy is truth.”

His understanding of Bitcoin has shifted from environmental threats to philosophical recognition, marking the end of the crypto community's “energy FUD” (fear, uncertainty, doubt) era.

03 Market Impact and Price Trends

Elon Musk's statements have always coincided with abnormal gains in the crypto market and an increase in trading volume. His high-profile social media remarks often trigger significant fluctuations in Bitcoin prices, providing trading opportunities for the BTC/USD trading pair and related derivatives.

The current Bitcoin market has shown signs of recovery. As of November 28, 2025, the Bitcoin price remains steady at $91202.9.

This rebound has brought it back up from last Friday's low of nearly 80,000 dollars — the weakest level since April.

Bitcoin rose nearly 8% this week, rebounding after four consecutive weeks of decline, coinciding with a sharp increase in market expectations for interest rate cuts from the Federal Reserve's December meeting.

The Federal Reserve's interest rate futures show that the probability of a 25 basis point rate cut has surged to about 87%, far exceeding the approximately 39% a week ago.

04 Energy: The Cornerstone of Bitcoin's Value

Musk's new perspective on Bitcoin's energy consumption touches on the core value proposition of Crypto Assets. Unlike fiat currencies that can be devalued through inflation, the supply of Bitcoin is fixed, and each Bitcoin is obtained through “mining” that consumes real-world energy.

This energy cost will anchor Bitcoin in the physical world.

In an era where artificial intelligence is flooding the internet with synthetic content (text, art, data), the proof-of-work mechanism of Bitcoin stands out as an unforgeable proof of authenticity.

For Musk, this is the key point—while you can deepfake humans, you cannot deepfake energy units (joules).

The speed at which Bitcoin miners are transitioning to renewable energy has outpaced that of any other heavy industry. It is estimated that currently over 55% of Bitcoin mining relies on sustainable energy — a figure that could have met Musk's requirements for resuming Bitcoin payments in 2021.

05 Insights for Crypto Assets Traders

For traders operating on exchanges like Gate, Musk's statements and his company's Bitcoin activities provide valuable market signals. Historical data shows that Musk's high-profile statements often affect BTC price fluctuations, leading to rapid increases or decreases, as well as a surge in trading volume.

Traders should pay attention to the breakeven cost of miners, hash rate trends, and electricity price changes, as these are key variables that affect miners' supply behavior and network security.

Musk's comparison of Bitcoin to fiat currency has also opened strategic doors for multiple trading pairs, including BTC/ETH and BTC against stablecoins like USDT.

During the volatility triggered by tweets, the 24-hour trading volume often exceeds $50 billion, providing liquidity for quick entry and exit.

Market indicators such as RSI hovering around 55 indicate a neutral to bullish momentum, suitable for breakout trades if BTC exceeds recent highs.

Risk management is especially important, it is recommended to use a stop-loss position 2% below the entry point to mitigate the downside risk of sudden reversals.

Future Outlook

Musk once referred to Bitcoin's energy consumption as “madness,” but now he describes it as “unforgeable.” Meanwhile, SpaceX chose to transfer assets as Bitcoin rebounded from a low of $80,000 to $91,000, seemingly echoing his confidence in Bitcoin's future.

Whether Tesla still holds 11,509 Bitcoins or SpaceX actively manages its Crypto Assets, it indicates that Musk supports encryption not only in words but also participates in it through practical actions.

The technology giant's recognition of Bitcoin's energy foundation adds important celebrity endorsement to the narrative of Bitcoin as a store of value, and marks a further maturation in the understanding of the proof-of-work mechanism among institutions and the public.