Musk’s New Party to Back Bitcoin
Posted: Mon Jul 07, 2025 4:53 am
Hey everyone,
Big update from the political and crypto world—Elon Musk has confirmed that his newly launched “America Party” will officially support Bitcoin. In a recent post on social media, he didn’t hold back, calling fiat currency “hopeless” and making it clear that Bitcoin will be part of his party’s platform. Considering Musk’s previous support through Tesla and SpaceX’s crypto holdings, this move isn’t entirely surprising, but it’s still a major statement.
This announcement comes right after a major fallout between Musk and former President Trump over a massive government spending bill. Musk openly criticized the bill, labeling it as a form of “debt slavery” and pushing for fiscal reform. His frustration seems to be fueling this new political push, where he’s expected to focus on backing candidates for House and Senate seats rather than running for president himself—at least for now.
From a crypto point of view, this could be a game-changer. Musk is one of the most influential voices globally, and aligning a political party with Bitcoin could bring digital assets into mainstream policy debates. It’s also one of the first times a political movement has directly embraced crypto as part of its core identity, rather than as an afterthought.
Of course, some critics are skeptical. The America Party isn’t officially registered yet, and some believe this could just be another media stunt. Others warn that tying Bitcoin to a single political party might do more harm than good, possibly polarizing crypto issues that were previously more neutral.
What do you all think? Is Musk’s America Party a real opportunity to push for Bitcoin-friendly policies? Or is it too early to tell if this is a serious political engagement or just a branding exercise? Curious to hear your takes on this new twist in crypto and politics.
Big update from the political and crypto world—Elon Musk has confirmed that his newly launched “America Party” will officially support Bitcoin. In a recent post on social media, he didn’t hold back, calling fiat currency “hopeless” and making it clear that Bitcoin will be part of his party’s platform. Considering Musk’s previous support through Tesla and SpaceX’s crypto holdings, this move isn’t entirely surprising, but it’s still a major statement.
This announcement comes right after a major fallout between Musk and former President Trump over a massive government spending bill. Musk openly criticized the bill, labeling it as a form of “debt slavery” and pushing for fiscal reform. His frustration seems to be fueling this new political push, where he’s expected to focus on backing candidates for House and Senate seats rather than running for president himself—at least for now.
From a crypto point of view, this could be a game-changer. Musk is one of the most influential voices globally, and aligning a political party with Bitcoin could bring digital assets into mainstream policy debates. It’s also one of the first times a political movement has directly embraced crypto as part of its core identity, rather than as an afterthought.
Of course, some critics are skeptical. The America Party isn’t officially registered yet, and some believe this could just be another media stunt. Others warn that tying Bitcoin to a single political party might do more harm than good, possibly polarizing crypto issues that were previously more neutral.
What do you all think? Is Musk’s America Party a real opportunity to push for Bitcoin-friendly policies? Or is it too early to tell if this is a serious political engagement or just a branding exercise? Curious to hear your takes on this new twist in crypto and politics.