Tesla CEO and tech entrepreneur Elon Musk confirmed that his newly formed party – the American Party – will accept Bitcoin.
“Fiat is desperate, yes,” Musk answer User X asked his new party if he would accept Bitcoin.
Musk’s Encrypted Contact
Elon Musk is no stranger to Bitcoin, as Tesla was an early adopter who held BTC in the treasury.
Under the leadership of Tesla CEO, Tesla bought it $1.5 billion worth of BTC In early 2021, it made it one of the first publicly traded companies to hold Bitcoin in its Treasury reserves.
Currently, Tesla holds 11,509 BTC worth approximately $1.26 billion, and EV Maker is the ninth largest listed company that can hold Bitcoin in its Treasury Ministry. according to This is one.
Tesla CEO also has Supported domycin for many yearswhich causes Memecoin prices to rallies or crash after tweets.
JAN3 founder Samson Mow says embracing Bitcoin can Give musk In their ongoing hatred for Trump.
MOW said Tesla should start accepting Bitcoin again as payment, and Musk’s SpaceX should give discounts to those who pay with Bitcoin.
In 2024, Musk rejected the idea of using the Bitcoin network as a payment method on Mars. But Musk later The idea of entertainmentsaid that localized Lightning Network can solve the problem of slow transactions.
Musk is not always a pro-coin. In 2021, he claim Bitcoin’s price is “too high”, which causes the price of BTC to fall.
Musk’s hatred with Trump
Musk’s relationship with Donald Trump has worsened Trump’s “a big bill” that Musk previously called “completely crazy and destructive” and believes it will erode millions of U.S. jobs and cause “tremendous strategic damage” to the country.
It is estimated that a large beauty bill will increase U.S. national debt by $3.3 trillion over the next decade.
Musk question Trump’s reason for creating the Governor was an initiative aimed at reducing U.S. national debt if it was to increase its national debt by trillions.
He later hint The United States needs a “new party that actually cares about the people.”
Related: As Trump-Musk’s dispute intensifies
Sunday, Musk Announce He will vote in the polls on whether he should set up the party. More than 1.24 million people voted in the polls, and he will set up the American Party, with nearly two-thirds of voters voting for the new party.
“We live in a one-party system, not a democracy when we use waste and grafting to bankrupt our country.”
Since then, US President Donald Trump Slam Musk Establish a third party. Trump said Musk’s new party could break the Republican vote in the 2026 U.S. midterm elections.
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