Elon Musk has declared that the America Party, his new political vehicle, will fully support Bitcoin, saying on X that: “Fiat is hopeless.” This follows the official launch of the America Party two days ago,

Reportedly, it turns out that the political outfit has officially registered with the Federal Election Commission (FEC). Called 'America Party (AMEP),' the new organization registered with the FEC on July 6 under Filing FEC-1898441 and FEC Committee ID-C00910323.

Musk confirms the America Party will adopt Bitcoin, highlighting disillusionment with fiat and promoting monetary decentralization.