Elon Musk Doubles Down: America Party’s Bitcoin Bet Slams Fiat as ’Hopeless’ in 2025

Elon Musk just threw gasoline on the crypto fire—again. The America Party's full-throated endorsement of Bitcoin isn't just lip service, and Musk's latest 'fiat is hopeless' grenade landed squarely on Wall Street's polished desks.

Why this matters now

With central banks still playing whack-a-mole with inflation in 2025, Musk's anti-fiat rhetoric hits different. No vague 'maybe blockchain' corporate speak here—just a billionaire torpedoing traditional finance while his Twitter army memes it into reality.

The subtext

This isn't about payments. It's political theater meets monetary revolution—with Bitcoin as the prop. Watch DC regulators suddenly discover 'urgent concerns' about crypto mining energy use by next Tuesday.

Bottom line: When the guy who runs Tesla and X calls your life savings 'hopeless,' maybe stop laughing and check your cold wallet balance. (Then again, Wall Street still thinks Beanie Babies were a solid investment—so what do they know?)

Musk’s America Party to Embrace Bitcoin

The announcement follows Musk’s public rift with President Donald TRUMP over the ‘big beautiful bill,’ which prompted the creation of the America Party. Musk, who has been a major financial backer of Trump’s campaigns, has criticized the legislation as economically detrimental.

Fiat is hopeless, so yes

Meanwhile, Musk’s support for crypto isn’t new. The CEO has been a vocal supporter of Dogecoin (DOGE), with his posts often causing price rallies for the meme coin.