Elon Musk confirms that his party America Party will adopt Bitcoin: Dismisses fiat Elon Musk announces that his newly formed America Party will adopt Bitcoin (BTC).

Musk criticizes traditional fiat currency as desperate in response to a question on X (formerly Twitter).

The creation of the America Party follows Musk's dispute with Trump over the big and beautiful bill and its economic implications.

Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has confirmed that his newly formed America Party will adopt Bitcoin (BTC).

Elon Musk also dismissed traditional fiat currency as hopeless. The statement was made in response to an inquiry on X (formerly Twitter).

Musk's America Party to Embrace Bitcoin.

The announcement follows Musk's public dispute with President Donald Trump over the Big Beautiful Bill, which led to the creation of the America Party. Elon Musk, who has been a major financial backer of Trump's campaigns, has criticized the legislation as economically harmful.