Elon Musk’s America Party to Support Bitcoin, Dismisses Fiat
Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has confirmed that his newly formed America Party will adopt Bitcoin ( BTC).
He also dismissed traditional fiat currency as ‘hopeless.’ The statement was made in response to a query on X (formerly Twitter).
Musk’s America Party to Embrace Bitcoin
The announcement follows Musk’s public rift with President Donald Trump over the ‘big beautiful bill,’ which prompted the creation of the America Party. Musk, who has been a major financial backer of Trump’s campaigns, has criticized the legislation as economically detrimental.
Meanwhile, Musk’s support for crypto isn’t new. The CEO has been a vocal supporter of Dogecoin (DOGE), with his posts often causing price rallies for the meme coin.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
