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Elon Musk Declares: Bitcoin Will Be the Foundation of the “America Party”

In a bold political and financial move, Elon Musk announced that Bitcoin will form the basis of his new political movement, the “America Party.” Responding to a Brazilian Bitcoiner's question on X (Twitter), Musk stated plainly: “Fiat is worthless.”

He criticized fiat currency due to uncontrolled printing, warning of its eventual collapse, and positioned Bitcoin as a solution to economic instability.

The America Party aims to challenge the two-party monopoly in the U.S., with Musk targeting swing seats in Congress to shift the power balance in Washington. According to a poll, 65% of respondents support the idea of an alternative to the current political system.

Donald Trump quickly attacked the idea, calling Musk’s political ambitions misguided, but Musk doubled down, gaining support from the crypto community and tech-libertarian circles.

Bitcoin's price surged to $109,000, partly fueled by Musk’s influence and support. His company, Tesla, previously bought Bitcoin and allowed BTC payments—though later paused due to energy concerns.

While the “America Party” remains informal with no official structure or funding mechanism yet, its alignment with Bitcoin could bring cryptocurrency regulation to the forefront of U.S. politics, especially during the 2026 elections.

If successful, this movement may pull tech-savvy, anti-establishment voters away from Trump’s base, potentially reshaping U.S. political dynamics.

Musk's statement that Bitcoin—not fiat—represents the future adds a new dimension to the global financial conversation, tying decentralization directly to democratic transformation.

Disclaimer: This is not financial advice. Always do your own research (DYOR) before making any investment decisions.