Elon Musk, CEO of Tesla, has announced that his newly established political party, the America Party, will accept Bitcoin. Responding to an inquiry on X, Musk stated, "Fiat is hopeless, so yes." Tesla, an early Bitcoin adopter, holds 11,509 BTC valued at around $1.26 billion, making it one of the largest publicly traded companies to do so. Musk has also been a vocal supporter of Dogecoin, influencing its price through his tweets. Samson Mow, founder of Jan3, suggested that Musk's acceptance of Bitcoin could provide him an advantage over Donald Trump in their rivalry. Mow also recommended that Tesla resume accepting Bitcoin for payments and that SpaceX offer discounts for Bitcoin transactions. Although Musk previously dismissed the idea of using Bitcoin on Mars, he later considered a localized Lightning Network to address transaction delays. Musk's relationship with Trump has soured over differing views on economic policies, particularly regarding the One Big Beautiful Bill, which Musk criticized for its potential impact on the national debt. Read more AI-generated news on: https://app.chaingpt.org/news

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