Replying to a tweet that questions the America Party’s stance on cryptocurrency, Musk gave a brief answer that indicated his lack of faith in the U.S. dollar. “Will America Pa

Elon Musk 's newly launched "America Party" will embrace Bitcoin, the billionaire tech mogul confirmed. On July 6, an X user with the handle @RenatoLima_X asked Musk if America Party will embrace Bitcoin, to which the billionaire responded, "Fiat is hopeless, so yes." Earlier, Musk hinted at stacking Bitcoin by liking a comment on X.

Investing.com -- Bitcoin has gained more political legitimacy after Elon Musk announced his newly launched America Party will fully back the digital asset, building on momentum started by the Trump administration earlier this year.