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Tesla CEO and technical entrepreneur Elon Musk confirmed that his newly created political party – the US Party – will accept Bitcoins.
“Fiat is hopeless, so yes,” Musk replied A X user who asked if his new party would accept bitcoins.
Musk’s cryptus ties
Elon Musk is not alien to Bitcoins because Tesla was soon an adoptor and kept the BTC at her Treasury.
Under his leadership as CEO Tesla bought Tesla BTC worth $ 1.5 billion At the beginning of 2021, he became one of the first publicly traded companies held by bitcoins in their state reserves.
Currently, Tesla has $ 11,509 BTC worth approximately $ 1.26 billion, while the manufacturer EV is the ninth largest publicly traded company holding bitcoins at its Treasury, according to It’s bitbo.
Tesla’s CEO also has Over the years he has supported dogecoinWhich caused the price of memecoin after its tweets either gathered or crashed.
Founder Jan3 Samson Mow said that the acceptance of bitcoins can Give Muska the edge through Trump in their ongoing dispute.
Mow said Tesla should start accepting bitcoins again as a payment and that Musk’s SpaceX should provide discounts to those who pay in bitcoins.
In 2024, Musk rejected the idea of using a bitcoin network as a form of payment on Mars. Musk, however, later entertained the ideathat says the located Lightning network could solve the problem of slow transactions.
Musk was not always pro-bitcoin. In 2021 he claimed that the price of bitcoins was “too high”, which led to the fact that BTC fell prices.
Musk’s dispute with Trump
Muska’s relationship with Donald Trump deteriorated over Trump’s “One Big Beautiful Bill”, when Musk had previously called it “totally crazy and destructive” and argued that it would disrupt millions of jobs in the US and cause “immense strategic harm”.
It is estimated that one big beautiful account on the account will add $ 3.3 trillion to US state debt in the next decade.
Musk inquired Trump’s justification for the creation of DOGE, an initiative aimed at reducing US state debt if it is about to increase the state debt by trillion dollars.
Later has indicated That the US needs a new political party that “actually depends on people”.
Related: The price of dogecoins of risk by 66% drops to $ 0.06, as intensified by Trump-Musk disputes
On Sunday, Musk notified That he would create an American party after more than 1.24 million people voted on his vote on whether to create a party, with almost two -thirds of voters who would vote in favor of the new party.
“When it comes to bankruptcy of our country with waste and graft, we live in the system of one side, not in democracy,” Musk added.
US President Donald Trump has had since He pulled out on Musk for creating a third political party. Trump said that Musk’s new party could break the Republican vote in the elections to the center of 2026.
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