BTCC / BTCC Square / CryptotimesIO /

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

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

Author:

Published:

2025-07-07 00:07:02

36

1

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.'

Google News

By:

Stake $100K in Toncoin, Score a 10-Year UAE Golden Visa—TON’s Bold Crypto Play

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.