Elon Musk's most recent crypto‑related tweets and their market implications:
#CryptoFigureHeads #altcoinseason #IfYouAreNewToBinance
🐂 "Fiat is hopeless, so yes" – Bitcoin endorsement
In a reply on July 7, 2025, Musk confirmed that his new America Party would “embrace Bitcoin”, adding:
“Fiat is hopeless, so yes”
This explicit political endorsement boosts confidence in BTC among investors, reinforcing the perception of Bitcoin as a hedge against fiat currency ideals.
🌰 PNUT meme‑coin rally after squirrel + Epstein tweet
Late on July 8, Musk posted:
“They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list. Government is deeply broken.”
This led to a ⚡ sharp rally in the Solana‑based PNUT (Peanut the Squirrel) meme‑coin—showing the "Musk Effect" remains alive, with trading volumes spiking and price surging over 7–10%
📌 Summary: Musk’s recent crypto signals interpreted
ThemeTweetImpactPolitical BTC support“Fiat is hopeless…”Reinforces BTC narrative, gives BTC upside from pro‑crypto policy stanceMeme‑coin influencePNUT tweetQuick, speculative coin price spikes on Musk’s social cues
💡 Takeaways for Crypto Investors
Bitcoin: Musk’s political stance may encourage long-term institutional and retail inflows.
Alt & Meme-coins: Remain highly sensitive to Musk’s social posts—potential for high reward but high risk.