Elon Musk Confirms America Party’s Commitment to Bitcoin, Calls Fiat ‘Hopeless’

2025-7-7 07:37

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.

Fiat is hopeless, so yes

— Elon Musk (@elonmusk) July 7, 2025

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.

The post Elon Musk Confirms America Party’s Commitment to Bitcoin, Calls Fiat ‘Hopeless’ appeared first on BeInCrypto.

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Does the Price of Bitcoin Really Depend on the Opinion of Elon Musk? An Interview With Norbert Goffa, the Co-Founder of ILCOIN Blockchain Project

An interview by Alyona Karpinskaya Interviewing: Norbert Goffa Q: What is your opinion about the post of Elon Musk, where Tesla dissociated itself from Bitcoin, regarding the environmentally damaging effect of its mining? A: Honestly, I find it very amusing! Naturally, Elon Musk just happened to realize that the mining of Bitcoin has an environmentally […]

2021-5-26 06:33


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Is Ripple Behind Most of the Bitcoin Energy Usage FUD? CoinShares’ Meltem Demirors Thinks So

The Bitcoin market hasn’t been a pretty sight of late. The top cryptocurrency seems to be struggling to beat back the bears as price take a hit after another. Notably, this crisis started when Tesla’s Elon Musk launched a scathing attack on BTC on account of the network’s massive power consumption. Elon’s company went on […]

2021-5-24 11:17


If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates

Bitcoin, which reached an all-time high of $58,640 was trading at $47,078, after registering a 14% dip in price in the last 24 hours. The downward swing has had many speculating whether Elon Musk, whoThe post If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates appeared first on AMBCrypto.

2021-2-24 22:30


Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu’s Blockchain Beta

Another week, another round of Crypto Tidbits. The second week for the year 2020 was a lot more exciting for Bitcoin and the broader cryptocurrency space than the first. Per data from Coin360, the leading digital asset, BTC, gained 10% on the week, hitting $8,160 as of the time of writing this.

2020-1-12 02:00


Why is ETH still bearish after Amazon and Elon Musk endorsement?

After all eyes were on Bitcoin and its recent movements to pick up from the bottom and back into bullish areas, it’s time for Ethereum to steal the show. It’s too early to tell if the same movement can be replicated by ETH but with names like Elon Musk and Amazon behind the scenes, we […] The post Why is ETH still bearish after Amazon and Elon Musk endorsement? appeared first on AMBCrypto.

2019-5-13 19:00


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Bitcoin Stable at $70,000: Will BTC Pump or Dump From Here?

Bitcoin is holding firm around the $70,000 level after one of its sharpest sell-offs this cycle, leaving investors split on what comes next.  On-chain data, ETF flows, and market structure signals now point in two opposing directions, raising a key question: is Bitcoin preparing for another leg up, or setting up for renewed downside? Selling The post Bitcoin Stable at $70,000: Will BTC Pump or Dump From Here? appeared first on BeInCrypto.

Where Does Bitcoin Finally Bottom? These Are the Levels Analysts Are Watching

Bitcoin (BTC) has declined 22. 5% over the past month. The coin briefly dipped to its lowest level in over a year last week before rebounding. The pullback has intensified debate around historical cycles, technical indicators, and on-chain data that could signal where Bitcoin’s current bear market will finally bottom.