According to @cas_abbe, Elon Musk has stated on X that his planned pro-tech political party, the 'America Party,' will embrace Bitcoin (BTC), calling traditional fiat currency 'hopeless.' This potential political endorsement from a major public figure could be a significant long-term bullish catalyst for BTC, suggesting a path toward greater political and institutional adoption in the U.S. Musk's companies, Tesla and SpaceX, already hold BTC in their corporate treasuries, reinforcing his pro-crypto stance. The news emerges as Bitcoin (BTC) trades around $109,500, up over 1.3% in the last 24 hours, with the development potentially adding to positive market sentiment.