Elon Musk has confirmed that his newly formed political party in America, the America Party, will be pro-Bitcoin.
Tweeting through X, Musk said that fiat is hopeless, which puts the party on the same side as pushing digital currency and opposing the traditional monetary system.
This comes as a result of the recently unofficial launch of the America Party, which occurred only a few days after the public clash between Musk and the former President, Donald Trump.
The schism started when Musk criticized Trump for neglecting moderate voters. In turn, Trump made a post on Truth Social in which he blamed Musk as a train wreck and publicly expressed his disappointment in his former ally.
Musk’s Political Move Draws Attention from Other Parties
Before starting his party, Musk received offers of partnerships from several political leaders. Andrew Yang, who started the Forward Party, said he had talked to Musk about the possibility of working with Politico Magazine. Musk had earlier in 2020 helped Yang fund his presidential campaign, but no deal was made.
Even the Libertarian Party leadership was interested, as Steven Nekhaila, their Libertarian National Committee chair, contacted me last week. Nevertheless, Musk refused to cooperate with any of the groups and stuck to his intentions.
Policy Shift Tied to Recent Legislation
The formation of the American Party was triggered to a large degree by Musk’s reaction to the One Big Beautiful Bill Act. As the bill lobbied Congress, Musk promised that once it passed, he would initiate a new political dynamic. Musk replied to legislative action by starting a second poll on X on July 3, when the bill passed the House. He also declared plans to sponsor primary rivals of Republican officials who voted in favor of the bill.
Musk accused both Republicans and Democrats since they are a part of the same uniparty that has no significant policy differences. This message was attractive to voters who wanted some alternatives to the two-party system most specifically to those identify with, technological innovation and decentralization.
Challenges Facing the New Political Party
Even though Musk is a world-famous personality with money, the American Party still has a long way to go. Obtaining ballot access in the 50 states is not easy. Public opinion on him has also been turning negative since previous disappointments like his unsuccessful attempt to influence the 2025 election to the Wisconsin Supreme Court and his scandal-filled time at the Department of Government Efficiency.
Moreover, Musk was born in South Africa, which disqualifies him as a presidential candidate. This leaves the party wondering who will lead them. At this point, the political structure of the America Party is not present, and Musk, Bitcoin support, and anti-establishment messaging are at the center.
The post Elon Musk Declares America Party Will Support Bitcoin as Core Policy first appeared on Coinfea.
