Elon Musk’s 'America Party' backs Bitcoin, rejects fiat currency

Jacob Lazurek Coinpaprika

Elon Musk confirmed that his new political movement, the "America Party," will support Bitcoin, calling fiat currency "hopeless."

Elon Musk has announced that his new political group, called the America Party, will fully support Bitcoin. When asked on social media if the party would embrace the cryptocurrency, Musk replied, “Fiat is hopeless, so yes.”

This statement comes just after Musk criticized former President Donald Trump for signing a $3.3 trillion spending bill, which Musk called "insane." He pointed to this as a major reason why fiat money is no longer reliable.

Musk’s new party aims to break away from the traditional two-party system in the U.S. and focus on fiscal responsibility, decentralization, and modern solutions—including support for digital currencies like Bitcoin.

Author

Jacob Lazurek

Coinpaprika

In the dynamic world of technology and cryptocurrencies, my career trajectory has been deeply rooted in continuous exploration and effective communication.

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