Elon Musk slammed the dollar on social media, calling it and other fiat money “hopeless.” His America Party will embrace crypto, he says. That could set up another area of contention with Donald Trump, who was his political ally for many months before and after the November election.

Elon Musk unveils his new political party, “Bitcoin for America,” promising to champion cryptocurrency and expose the failures of U.S. dollar inflation.

Elon Musk, once a prominent ally of Donald Trump and a major backer of his 2024 campaign with contributions totaling between $250–300 million, has made a