Elon Musk’s America Party Will Embrace Bitcoin
Elon Musk confirmed that his new political party, the America Party, will accept Bitcoin, stating, “Fiat is hopeless.” Tesla holds 11,509 BTC, valued at approximately $1.26 billion, making it the ninth-largest publicly traded company to do so. Musk has previously supported Dogecoin, influencing its price through his tweets. Samson Mow suggested that embracing Bitcoin could give Musk an advantage over Trump and recommended that Tesla accept Bitcoin as payment again. Musk has criticized Trump’s “One Big Beautiful Bill,” which could add $3.3 trillion to the national debt, and questioned Trump’s rationale for creating a debt-reduction initiative while increasing the debt. Musk announced the America Party after a poll showed strong support for its creation, arguing that the US needs a new political party that prioritizes the people. Trump criticized Musk's party, claiming it could split the Republican vote in the upcoming midterm elections.
