Elon Musk confirms his new political party will embrace Bitcoin.
He calls fiat hopeless and is preparing a political party as a result of the fallout with Trump.
Since the big beautiful bill passed, he expects to deliver on his threat should it pass.
The big bad breakup between Elon Musk and Donald Trump last month has led Musk to announce the formation of his own new political party. What’s more, Elon Musk confirms his new political party will embrace Bitcoin as ‘fiat is hopeless’. This is a direct quote from the tech titan in response to a question on the social platform he owns, X. The response from the crypto community is rightly bullish.
Elon Musk Confirms His New Political Party Will Embrace Bitcoin
Following the introduction of Trump’s Big Beautiful Bill, there was a huge and very public breakup between Elon Musk and Donald Trump. In detail, the Big Beautiful Bill was to deliver a big tax break to a few and would result in diverting funds to areas such as defence and border patrol. Elon Musk had a negative response to the bill, calling it un-American and accusing Trump of stealing from the country’s citizens.
What’s more, Musk stated that anyone who votes for the bill and passes it would be a traitor to the American people. Before the Bill, Musk worked with Trump in the Department of Government Efficiency (DOGE), a section that had nothing to do with the memecoin Dogecoin (DOGE), but rather a section that worked to minimize government spending based on what he deemed a waste of government funds.
Disappointed by Elon’s reaction to the bill, which has now passed and been embraced as an act, Trump extends a hand to Musk, hoping to put aside their differences. Three months prior, Musk quit DOGE, and this Bill seemed to have created a further rift between the two. Following Trump’s public message of being disappointed in Musk, Elon replied with even cattier comments, leading to a very public breakup between the two.
The feud ended with Trump calling for Musk’s deportation and with Musk calling for Trump’s impeachment. In the aftermath, Elon Musk revealed that he will be forming his own political party soon. It seems the fallout with Trump hurt Musk more than ever, as the tech titan is now working to introduce a third political party. He had threatened Trump that he would take action if the bill went through, and this seems to be the move.
Musk Says Fiat is Hopeless
https://twitter.com/BitcoinMagazine/status/1942054899643998290
He stated that Trump is working towards bankrupting the country with waste and graft, declaring that they live in a one-party system and not a democracy. The move to form how own party led to many questions from the public. One such question was if this new part could embrace Bitcoin, to which Elon Musk responds by saying ‘fiat is hopeless’ and that yes, the party would embrace Bitcoin (BTC).
