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Elon Musk's America Party Embraces Bitcoin Amid Political Feud
Generated by AI AgentCoin World
Monday, Jul 7, 2025 2:51 pm ET1min read
Elon Musk, the CEO of
, has confirmed that his newly formed political party, the America Party, will embrace . In a response to a question on X, Musk stated, "Fiat is hopeless, so yes," indicating his party's support for the cryptocurrency. This announcement comes amid a feud between Musk and President Donald Trump, with Musk criticizing Trump's proposed "Big, Beautiful Bill" for its potential to bankrupt the country through waste and graft. Musk's new party aims to address the consistent rise in debts and give Americans back their freedom.Musk's support for Bitcoin is not new; he has expressed his interest in various cryptocurrencies, notably Bitcoin and
, since 2014. His endorsement of Bitcoin on a political level has been seen as a significant signal for the cryptocurrency community. The community has also speculated about Musk's potential involvement in Bitcoin, with some suggesting that he may be quietly accumulating the cryptocurrency.The America Party's embrace of Bitcoin reflects Musk's long-standing dissatisfaction with traditional fiat currency. He has described fiat money as "hopeless," highlighting concerns about inflation, government debt, and monetary policy inefficiencies. This stance is consistent with his previous statements about the need for a more decentralized and transparent financial system.
Musk's new political party is not just about embracing Bitcoin; it also aims to address broader issues such as the rise in debts and the lack of freedom in the current political system. By forming the America Party, Musk hopes to challenge the Republican/Democrat duopoly and provide an alternative for Americans who feel disillusioned with the current political landscape.
The America Party's support for Bitcoin is a significant development in the cryptocurrency world. It signals a growing acceptance of digital currencies in mainstream politics and highlights the potential for cryptocurrencies to play a role in shaping the future of finance. As the America Party continues to develop, it will be interesting to see how its support for Bitcoin translates into policy and how it impacts the broader cryptocurrency community.
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