Elon Musk Says America Party Would Back Bitcoin, Calls Fiat ‘Hopeless’

Bitcoin

Elon Musk Says America Party Would Back Bitcoin, Calls Fiat ‘Hopeless’

Elon Musk has hinted at a pro-Bitcoin stance for the newly emerging “America Party,” suggesting the political movement would support the leading cryptocurrency.

In a recent exchange on X, Musk responded to a question asking whether the party would embrace Bitcoin with a clear endorsement: “Fiat is hopeless, so yes.”

The brief but bold remark came after Musk posted, “The America Party is the solution,” in response to a comment lamenting the decline of centrism in U.S. politics. His statement quickly sparked conversation across the platform, drawing in notable figures like economist Peter Schiff and others curious about the party’s policy direction.

Musk’s reply adds to his long history of supporting digital assets and criticizing traditional monetary systems. By aligning Bitcoin with a potential political platform, he may be signaling a broader ambition to challenge the current financial and political status quo in the United States.

The comment has already generated significant traction, with nearly a million views and thousands of likes and retweets in just a few hours. As interest in alternative political movements and decentralized finance continues to grow, Musk’s remarks could mark a pivotal moment in the intersection of cryptocurrency and U.S. politics.

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Author

Alexander Stefanov

Reporter at Coindoo

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.

Source: https://coindoo.com/elon-musk-says-america-party-would-back-bitcoin-calls-fiat-hopeless/