Elon Musk Confirms New America Party Will Accept Bitcoin

Tesla CEO and tech mogul Elon Musk has officially confirmed that his newly formed political party, the America Party, will accept BTC ▼-1.25%.

Responding to an X user who asked whether his party would embrace BTC, Musk replied bluntly:

“Fiat is hopeless, so yes.” — Elon Musk

Pitched as a jailbreak from the Democratic-Republican duopoly, the America Party announcement came alongside a sudden surge in Dogecoin. Whether coincidence or calculated, the signal was clear that Musk still has enormous market sway in crypto.

Dogecoin

Price

Market Cap

DOGE

$25.04B

24h7d30d1yAll time

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Tesla’s Bitcoin History and Musk’s Crypto Legacy

Elon Musk made waves in early 2021 by parking $1.5 billion of Tesla’s treasury into Bitcoin. Fast forward, Tesla’s 11,509 BTC stash is now worth roughly $1.26 billion, which is enough to place it ninth among public companies holding crypto.

While the company briefly accepted BTC for vehicle payments, it later paused the program citing environmental concerns. However, the infrastructure for future integration may still be in play.

JUST IN: Elon Musk said his new political party will embrace #Bitcoin

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