Musk’s America Party Embraces Bitcoin
Elon Musk has confirmed his America Party will accept Bitcoin, reinforcing his long-standing affinity for crypto. His blunt response on X—“Fiat is hopeless, so yes.”—highlights his skepticism toward traditional currency.
Tesla’s $1.5 billion Bitcoin purchase in 2021 set a precedent for corporate crypto adoption. The company remains a major holder, with 11,509 BTC (~$1.26B) in its treasury.
Jan3 founder Samson Mow believes this stance could bolster Musk’s political influence, particularly against figures like Trump. He also advocates for Tesla to resume BTC payments and SpaceX to incentivize Bitcoin use.
Interestingly, while Musk once dismissed Bitcoin’s viability for Mars transactions, he later suggested a localized Lightning Network could resolve latency issues—a sign he hasn’t fully abandoned crypto’s potential beyond Earth.
