Elon Musk Confirms New America Party Will Accept Bitcoin

Tesla CEO and Tech El Musk officially confirmed that his newly formed political party, America, will accept BTC ▲ 0.84 %.

In response to the X user who asked if his party will embrace BTC, Musk replied frankly:

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

After being published as a generation of democratic democracy, the American Party’s declaration came alongside a sudden increase in Dogcoin. Whether it was a coincidence or calculated, the signal was clear that Musk still has the tremendous impact on the market.

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Bitcoin history in Tesla and the heritage of musk encryption

Elon Musk made waves in the early 2021 parking 1.5 billion dollars from the Tesla Treasury in Bitcoin. Quickly forward, its value is now 11,509 BTC from Tesla is now about $ 1.26 billion, enough to put it in the ninth position among public companies with encryption.

While the company briefly accepted the BTC for vehicle payments, it later stopped the program, quoting environmental concerns. However, the infrastructure of future integration may still play.

Only in: Elon Musk said that his new political party will embrace #Bitcoin

“Fiat is hopeless” pic.twitter.com/lgPfeugtvs

Bitcoin (PitcoinMagazine) Magazine July 7, 2025

Musk’s decision to launch a new political party comes amid increasing tensions with former President Donald Trump. The friction escalated after Trump revealed a “beautiful, beautiful bill”, a proposed economic plan that is expected to add $ 3.3 trillion to US national debt.

“Completely crazy and destructive.” – Elon Musk

Political rift with Trump on encryption and religion

Musk began his separation from Trump when he wondered about the logic of launching initiatives aimed at reducing debt while exaggerating them simultaneously with these policies.

“When it comes to bankruptcy of our country with waste and illegal gain, we live in a single party system, not democracy,” Musk published on the Internet shortly after criticizing the “beautiful draft law” of Trump.

These comments reflect wider discontent than both the political parties and the basis for the Musk of America, which describes it as one “In fact, he cares about people.”

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The price of Dogecoin rises on political speculation

The encryption market quickly responded to Musa’s political step. Dogecoin rose more than 5 % after the announcement, as it rose from $ 0.163 to $ 0.171.

The trading volume exceeded $ 1.1 billion, with the whale governor accumulates with a dug even with the sale of owners smaller than situations.

Bitcoin sits comfortably more than $ 108,000, but the largest setting may be geopolitical. Renewed encryption activity in Musk, along with Fed Dovish rumors, all hints to the rapprochement of forces that can light fire under the BTC in the coming months.

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