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Fiat – in the trash? Musk bets on crypto

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Fiat - in the trash? Musk bets on crypto

💥 Elon Musk has made another move that’s hard to ignore. The founder of Tesla and SpaceX has confirmed that his new political initiative – America Party – will support Bitcoin.

We’ve previously written about Musk’s plans for the new party.

He made the statement on X (formerly Twitter) in response to a follower asking about the party’s stance on cryptocurrencies.

Musk’s reply was as sharp as ever: “Fiat is hopeless”

What does it mean?

  • Musk is distancing himself from traditional currencies and clearly leaning more into crypto as part of the future economy.
  • Support for Bitcoin from a potential political leader is rare – even in the US. Especially when it comes from a billionaire with massive influence, not just another “crypto candidate.”
  • His words may once again ignite interest in BTC – especially amid regulatory uncertainty and upcoming US elections.

Why does it matter?

In 2025, Bitcoin is increasingly seen not just as an investment, but as a political statement. With growing distrust toward fiat currencies and central banks, crypto is becoming a symbol of financial freedom and a new economic paradigm.

💡 The takeaway?

When Musk launches a party – it’s not just hype. It’s a sign that crypto is entering not just wallets, but worldviews. And this time, Bitcoin may not be on the ballot officially, but it’s already on voters’ minds.

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