Reports have circulated that Elon Musk described Bitcoin as a "fundamental currency based on energy," stating that energy is the true currency. Despite the high-profile nature of the comment, market observers noted that the Bitcoin price barely reacted, moving less than 0.5%. Traders and commentators have contrasted this muted response with the significant volatility similar comments caused in 2021, suggesting a shift in market maturity and a change in how the market prices in statements from the tech mogul.