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Elon Musk Hints at Bitcoin Support with New 'America Party', Expresses Concern Over Fiat Currency

2025/07/07 17:06 (Updated 2025/07/08 07:01)
CoinPost
Written by A.Hashimoto
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Elon Musk Hints at Bitcoin Support with New 'America Party', Expresses Concern Over Fiat Currency

Concerns Over Fiat Currency

On the 6th, Tesla CEO Elon Musk posted his support for Bitcoin through his new political party, the 'America Party'. Responding to an inquiry on X (formerly Twitter), he stated, 'Fiat currency is hopeless, that's why I support BTC', thus making his position on cryptocurrencies clear.

Musk had announced the establishment of the America Party on the 5th. Prior to this, he had conducted a poll on X on the 4th to gauge interest in launching the new party, which received 65% approval.

The establishment of the new party is largely a reaction to former President Trump's signing of a massive tax cut bill, the 'Big and Beautiful Bill', which led to a $3.4 trillion increase in U.S. debt...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.