Elon Musk confirmed Sunday that his proposed 'America Party', an alternative to the Democratic-Republican duopoly, would adopt Bitcoin . Musk made the statement in response to a user's question on X about whether the 'America Party' would embrace Bitcoin . He showed agreement and expressed skepticism toward the fiat currency .
Elon Musk on Saturday announced the formation of the 'America Party' in response to Donald Trump's recent enactment of a $3.3 trillion spending bill, which Musk opposes . The announcement followed a public poll via X, which showed major support for the initiative among Musk's followers .
The America Party's endorsement of Bitcoin represents a strategic pivot that could influence both political platforms and financial policies . By integrating Bitcoin, Musk aims to promote transparency, decentralization, and financial sovereignty, principles that resonate with many crypto advocates . This move also positions the America Party as a forward-thinking alternative in the U.S. political landscape, potentially attracting voters who prioritize innovation and economic reform .
Elon Musk's announcement that the America Party will adopt Bitcoin marks a significant milestone in the intersection of cryptocurrency and politics . By rejecting fiat currency and embracing digital assets, Musk is advocating for a transformative approach to economic policy and governance . This development not only reinforces Bitcoin's growing influence but also sets the stage for potential shifts in political strategies and financial regulations . As the America Party moves forward, its crypto-centric platform could play a pivotal role in shaping the future of both the U.S. economy and the global digital asset landscape .
Elon Musk says he has “formed” his new political party titled the "America Party." The former lead of the Department of Governmental Efficiency (DOGE) had promised to do just that if President Donald Trump's “Big, Beautiful Bill” passed . Musk has been—and continues to be—a vocal critic of the policy bill, arguing that it will “cause immense strategic harm” to America on account of the trillions of dollars the bill is projected to add to the debt of the country . “By a factor of two to one, you want a new political party and you shall have it! When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy,” Musk said via his social media platform, X, on Saturday . “Today, the America Party is formed to give you back your freedom” . The Tesla CEO had opened a poll on July 4, Independence Day, asking his more than 220 million followers if he should create the new political party . Over 65% of the more than 1.2 million respondents voted “yes” .
Musk went on to share his potential strategy for “gaining independence from the two-party system,” arguing that he might try to “laser-focus on just two or three Senate seats and eight to 10 House districts” for his party . “Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people,” Musk elaborated .