<ul data-eligibleForWebStory="false"><li>Elon Musk plans to embrace Bitcoin through his new political party, 'The American Party,' which aims to address issues in the current governance system and growing debt in the United States.</li><li>Musk's announcement of Bitcoin adoption comes amidst his ongoing support for cryptocurrencies, with Tesla and SpaceX already holding a significant amount of Bitcoin.</li><li>The American Party, although not officially registered yet, intends to focus on producing Senate and House members before vying for the presidency, leveraging Musk's pro-crypto stance to attract supporters.</li><li>While Musk did not provide further details on Bitcoin adoption, he emphasized that the cryptocurrency is favored over fiat due to being 'hopeless,' aligning with Bitcoin's role as a hedge against inflation and economic uncertainties.</li></ul>

Elon Musk Says Yes to Bitcoin, Insists Fiat Is Hopeless

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