Elon Musk has officially confirmed the launch of a new political party — and it’s one that supports Bitcoin.
The Tesla and SpaceX CEO made the announcement on X, stating that the new party will accept BTC as part of its mission to promote decentralization and challenge the traditional financial system. Musk called fiat currency “hopeless” in response to a follower, further cementing his belief in Bitcoin as the future of money.
This move comes after Musk’s ongoing fallout with former President Donald Trump, particularly over the controversial “Big Beautiful Bill.” Musk claims the bill would harm the U.S. economy, and says his new party is focused on removing lawmakers who backed it.
The new party is positioning itself as a third force in American politics, emphasizing fiscal responsibility, technological progress, and financial freedom through crypto.
Musk has long shown support for Bitcoin. Both Tesla and SpaceX hold large BTC reserves, and he’s often praised the digital asset’s role in a decentralized future.
Trump, however, isn’t impressed. He dismissed Musk’s new party as a “train wreck,” warning that it could divide conservative voters and weaken the GOP’s chances in the upcoming election.
