In a recent social media post, Sumit Gupta, the CEO and co-founder of CoinDCX, asked Nikhil Kamath some questions about cryptocurrency after the latter's podcast with Elon Musk. This is what Sumit Gupta asked Kamath about bitcoin and blockchain.
In a recent social media post, Sumit Gupta, the CEO and co-founder of the Indian cryptocurrency exchange CoinDCX, asked Nikhil Kamath, the co-founder of online brokerage platform Zerodha, a few cryptocurrency-related questions following Kamath's recent podcast with Elon Musk.
Sumit Gupta praised Kamath on the success of his "WTF podcast" in a post on X, stating that he and millions of Indians are learning a lot from it.
Gupta emphasized that Nikhil Kamath has discussed bitcoin and blockchain with a number of prominent figures, such as Elon Musk, Ray Dalio, Nandan Nilekani, and Ruchir Sharma. Now it was the podcaster's turn to express his thoughts on the subject.
"I'm curious about your current thoughts on blockchain and bitcoin. Has things changed since those discussions? Do you own any Bitcoin? inquired about Gupta's post on X.
Elon Musk's perspective on cryptocurrency
Elon Musk, the billionaire founder of Tesla, stated in an interview with Nikhil Kamath that "energy," which is derived from physics, is the only real money in the world.
People cannot enact laws to increase the availability of energy. Musk also pointed out that energy will likely replace money in the future, and power generation will then take over as the global system's de facto currency.
Certain currencies are founded on physics. Thus, the real money is energy. For this reason, I mentioned that the foundation of Bitcoin is energy. Energy cannot be legislated. Passing legislation won't give you a lot of energy overnight. Energy generation is quite challenging, particularly when it comes to harnessing energy in a practical manner. Elon Musk stated in a recent conversation with Nikhil Kamath that "we probably won't have money (in the future) and probably just have energy, with power generation as the de facto currency."
Today's Bitcoin
According to CoinMarketCap statistics, the price of Bitcoin fell 0.46% to $87,257.39 at 7:54 PM IST on Wednesday, December 24, 2025, from its previous high of $87,660 at the same time the day before. This decline was caused by negative technicals, ETF outflows, and general weakness in the cryptocurrency market.
In the midst of $188.6 million in net ETF outflows as of December 23, 2025, the data indicated that Bitcoin was trading below the crucial moving average levels, indicating weak market momentum.
The market capitalization of the benchmark cryptocurrency, Bitcoin, fell 0.51% to $1.73 trillion during the course of the last day, while volumes plummeted 26% to $31.5 billion.
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