Elon Musk Doubles Down on Bitcoin for America—and Beyond

Elon Musk’s America Party is going full Bitcoin. When questioned on X, he dismissed fiat with his signature brevity: “Fiat is hopeless, so yes.”

Tesla’s 2021 $1.5 billion Bitcoin purchase was a watershed moment for corporate crypto adoption. Today, Tesla holds 11,509 BTC (~$1.26B), maintaining its status as a major institutional holder.

Jan3’s Samson Mow sees this as a strategic move, potentially outflanking political opponents like Trump. He also urged Musk to revive Tesla’s Bitcoin payments and integrate crypto into SpaceX’s payment options.

Notably, Musk’s stance on Bitcoin’s role in space has evolved—after initially rejecting its use on Mars, he proposed a customized Lightning Network as a workaround. For Musk, Bitcoin isn’t just a currency—it’s a tool for the future.