Elon Musk announced the formation of a new political party on Sunday, telling one of his followers on X that it will embrace Bitcoin as “fiat is hopeless.”
Tesla CEO and tech entrepreneur Elon Musk has confirmed that his newly formed political party — the America Party — will accept Bitcoin.
“Fiat is hopeless, so yes,” Musk replied to an X user who asked if his new party would embrace Bitcoin.
Elon Musk is no stranger to Bitcoin as Tesla was an early adopter, holding BTC in its treasury.