Elon Musk has once again stirred the American political scene — his newly formed American Party is taking a clear stance in favor of Bitcoin. On X, he declared: “Fiat is hopeless.” Support for cryptocurrencies is expected to be one of the key pillars of this alternative political movement.

💣 Clash with Trump Sparked the Decision

The founding of the American Party comes just days after the U.S. Congress passed the controversial One Big Beautiful Bill Act, which is projected to increase the national debt by nearly $4 trillion over the next decade.

Musk, who had previously allied with Trump to create the Department of Government Efficiency (DOGE), strongly opposed the bill and called it a betrayal of principles of accountability and efficiency. This marked the end of their alliance.

Trump responded on Truth Social, calling Musk a "wreck" who is embarrassing himself. Musk fired back with a poll on X, asking his followers if he should form a new party representing the “80% in the middle.” With about 80% voting "yes", he acted — at least unofficially for now.

🧨 Targeting Republican Turncoats

Musk announced he would support challengers to Republican lawmakers who voted in favor of the bill. In his statements, he has sharply criticized the two-party system, calling it a “uniparty” that fails to provide real political choices.

🤝 Independents Reached Out, Elon Stayed Independent

Before Musk's announcement, he was courted by other political outsiders. Andrew Yang said in an interview that he wanted to start a new party with Elon or at least get his support for the Forward Party.

Elon backed Yang's presidential bid in 2020, but no agreement was reached. Steven Nekhaila, chairman of the Libertarian National Committee, also contacted Musk — but he declined all offers and chose to go solo.

⚔️ Musk, Bitcoin and the Mission to Break the System

The American Party’s platform is built on a rejection of fiat currency and support for crypto, especially Bitcoin. However, it's still unclear who will lead the party — Elon was born in South Africa and is constitutionally barred from running for U.S. president.

The party’s internal structure remains vague. It’s unknown whether there will be a central committee, who will lead it, or how it will be financed. For now, it's just Elon, Bitcoin, and a public tired of choosing between two parties they no longer trust.

📉 Challenges and Uncertainties

Despite Musk’s massive personal wealth and influence, entering the national political scene won’t be easy. Gaining ballot access in all 50 states is a daunting legal challenge, and his public support has recently dipped.

His failure to influence the 2025 Wisconsin Supreme Court race and mixed reviews of his DOGE government role cast further doubt on his ability to shape political outcomes.

🧩 One-Minute Summary:

🔹 Elon Musk launches the American Party, pledges support for Bitcoin

🔹 Calls fiat currencies "hopeless" and rejects the two-party system

🔹 Promises to back challengers against Republicans who voted for the new bill

🔹 Turned down collaboration offers from Yang and Libertarians

🔹 Party lacks structure, leadership, and nationwide strategy — for now


#ElonMusk , #USPolitics , #DOGE , #CryptoPolitics , #CryptoNews

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