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How Elon Musk Plans to Change U.S. Politics
Elon Musk, the Tesla CEO, took to social media platform X to confirm that his newly announced “America Party” will openly support bitcoin. Responding to a user’s question about cryptocurrency adoption within the party, Musk bluntly stated, “Fiat is hopeless, so yes.” This underscores Musk’s clear disillusionment with traditional fiat currencies and his belief in bitcoin as a future-proof alternative.
America Party Aims to Disrupt Two-Party System
The America Party was officially launched after Musk gauged public interest with a poll on X. Its primary goal is to challenge the longstanding dominance of the Republican and Democratic parties. Musk criticized the current political system as a “one-party system” when it comes to reckless spending and graft, promising that his party will restore freedom to American voters.
Clash with Trump Over Massive Spending Bill
Musk’s political ambitions come amid a public feud with President Donald Trump regarding a $3.4 trillion federal spending package. Musk called the bill a “disgusting abomination” that exacerbates the national deficit. He previously led efforts with the Department of Government Efficiency (DOGE) to reduce federal waste, emphasizing fiscal responsibility as a core party value.
Early Support and Skepticism
While Trump dismissed the America Party as a long shot—pointing out the historical failure of third parties in the U.S.—the movement has attracted attention from influential figures such as billionaire Mark Cuban and SkyBridge Capital’s Anthony Scaramucci. Despite not yet registering with the Federal Election Commission or releasing a detailed plan, the party is rapidly gaining momentum.
Bitcoin Reacts Calmly to Musk’s Announcement
Bitcoin responded positively, trading slightly higher by about 0.78% in the last 24 hours, hovering around $109,000. Musk’s endorsement of bitcoin within a new political framework highlights cryptocurrency’s expanding role not only in finance but also in the evolving political landscape.
Elon Musk’s America Party signals a new era where cryptocurrency and politics intersect, potentially reshaping how Americans engage with both money and government. As the party develops, all eyes will be on how Musk’s vision influences the future of U.S. democracy and digital assets.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
