<ul data-eligibleForWebStory="false"><li>Elon Musk announced support for backing Bitcoin with his newly formed America Party, stating 'Fiat is hopeless.'</li><li>Musk's advocacy for Bitcoin as a pillar of the America Party comes after his split from President Donald Trump and views on fiat money system.</li><li>The America Party, introduced by Musk on July 5, aims to challenge the two-party system and potentially impact key House and Senate races.</li><li>While Musk's endorsement of Bitcoin sparked enthusiasm within the crypto community, the America Party is currently lacking formal structure and policy details, raising uncertainties about its impact on future elections.</li></ul>

Bitcoin To Anchor America Party—’Fiat Is Hopeless,’ Says Elon Musk

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