Elon Musk Asserts Fiat Is ‘Hopeless’, Confirms His New America Party Will Embrace Bitcoin

Key Points

1. Elon Musk stated that fiat currency is 'hopeless' and confirmed his willingness to accept Bitcoin, responding to a query about the America Party's stance on crypto.

2. Musk's America Party emerged from a public disagreement with President Donald Trump over the 'Big Beautiful Bill,' which Musk claims would harm jobs and increase national debt.

3. Tesla holds 11,509 BTC, worth approximately $1.2 billion, as part of its corporate treasury, following a $1.5 billion purchase in early 2021.

4. Adam Back suggested Musk should acquire 1 million BTC to preempt the US government and the Trump family in their ongoing conflict.

5. Musk previously referred to himself as the 'Dogefather,' which significantly influenced Dogecoin's price surge in 2021.