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


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SpaceX and Bitcoin Both Aiming for the Moon in Q1 2020

The first three months of next year could be huge for both SpaceX  — and, by inference, the price of Tesla stock — and Bitcoin. Both of them will be looking skywards in early 2020, with Elon Musk’s company teaming up with NASA for a first manned mission and Bitcoin’s mining reward getting cut in […] The post SpaceX and Bitcoin Both Aiming for the Moon in Q1 2020 appeared first on BeInCrypto.

2019-10-15 18:50


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Is Elon Musk’s SpaceX Really Selling Its Bitcoin, Or It’s Just FUD?

SpaceX Bitcoin transfers reignited market fears after more than $200M in BTC moved on-chain, sparking claims of an incoming sell-off. Data shows the company still holds over 5,000 BTC, with no confirmed exchange deposits, raising the question of whether this scare is real or just another wave of crypto FUD.

88% Chance of Rate Cut: Why Is Bitcoin Crashing While Silver Soars?

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MicroStrategy Admits a Bitcoin Sale Is Possible—Here’s When

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What To Expect From Bitcoin Price In December 2025

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