Elon Musk’s Bitcoin Endorsement: A Political Game-Changer?

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The world’s richest entrepreneur, Elon Musk, has once again set the crypto world ablaze with his latest move – endorsing Bitcoin through his political platform, the America Party. This bold move has not only reinforced U.S. policy shifts but has also ignited institutional adoption worldwide.

Elon Musk’s Bitcoin Endorsement: A Political Milestone, Says Expert

Nigel Green, CEO of global financial advisory firm Devere Group, has stated that Musk’s endorsement of Bitcoin signals a pivotal turn as political forces elevate the asset from a speculative trade to a central feature of sovereign economic strategy. Green said, “Musk is pushing Bitcoin deeper into public life, but this isn’t a solo effort. He’s stepping into a slipstream that was already building under the Trump administration.”

The world’s richest entrepreneur is now amplifying what started as a federal shift, and in doing so, he can be expected to accelerate institutional adoption.

Trump institutionalized Bitcoin through formal policy. Musk is now embedding it into the democratic process. This dual momentum is significant validation for the crypto sector.

When the United States, the world’s largest economy, endorses Bitcoin through both policy and politics, it compels global institutions to re-evaluate their own approach. Bitcoin is being normalized by the most influential levers of power – and that gives it staying power.

The Devere executive emphasized the implications for investors: “The conversation has changed. The fundamentals have caught up with the narrative, and the political tailwind makes it increasingly difficult for serious capital allocators to ignore.” He concluded, “Musk’s move doesn’t just signal support, it propels Bitcoin into another stage of legitimacy. Combined with Trump’s federal reserve policy, the political foundations for widespread adoption are being laid.”

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2025-07-10 04:57