Musk Says America Party Will Embrace Bitcoin As Trump Calls Him ‘Off the Rails’
US President Donald Trump blasted Elon Musk as “off the rails” after the Tesla CEO launched the America Party and confirmed it would support Bitcoin. Responding to a user on X who asked whether the new political party would embrace Bitcoin, Musk replied that “Fiat is hopeless, so yes.” The Bitcoin price rose around 1% after the comment to trade at $109,169.72 as of 2:25 a.m. EST. Musk has long been a vocal supporter of crypto, and Tesla holds over $1 billion in Bitcoin on its balance sheet, according to Bitcoin Treasuries. He’s also earned the nickname “DogeFather” for his support of Dogecoin. Musk To Challenge Two-Party System Musk ran a poll on X on July 4, which is also Independence Day in America, to gauge whether there’s support for a new political party. Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! Should we create the America Party? — ...