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.

The post Elon Musk Says America Party Would Back Bitcoin, Calls Fiat ‘Hopeless’ appeared first on Coindoo.

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Filed under: Bitcoin - @ July 7, 2025 3:41 am