Elon Musk Declares Fiat Currency ’Hopeless’ as His America Party Throws Weight Behind Bitcoin

Elon Musk just dropped a financial Molotov cocktail—calling traditional money 'hopeless' while his political movement officially endorses Bitcoin. The tech titan's latest salvo against legacy finance lands as BTC flirts with new institutional adoption highs.

Fiat's funeral march?

Musk's America Party—now the third-largest political group by crypto donor contributions—is betting big on Bitcoin's deflationary promise. This comes as central banks globally continue printing currencies into oblivion.

The move signals a tectonic shift: major political players are now weaponizing crypto adoption as both economic policy and middle finger to monetary dinosaurs. Wall Street analysts are scrambling to update their 'this time it's different' PowerPoint decks.

One hedge fund manager quipped: 'Guess we'll have to find a new way to charge 2-and-20 for underperforming the S&P again.'