Elon Musk has confirmed That his newly announced political enterprise, the America Party, would support Bitcoin.
The explanation came during a conversation on X (formerly Twitter), where Musk responded to a question whether the new party would embrace the leading crypto.
According to him:
“Fiat is hopeless, so yes [we would embrace BTC]. “
This statement is consistent with the long -term interest of Musk in cryptocurrencies. Tesla, ONe Of the companies of Musk, Bitcoin keeps on the balance.
However, Musk’s relationship with Bitcoin has not been without controversy.
In 2021, Tesla stopped Bitcoin payments on environmental problems, which stated that it would resume support as soon as at least 50% of Bitcoin -my -building used sustainable energy. According to data from Cambridge University, that threshold was crossed in April 2025. Yet Tesla still has to restart Bitcoin payments.
Given this, a prominent Bitcoin researcher, Daniel Batten has expressed to doubt About the sincerity of the potential bitcoin agenda of the America party, which suggests that it can be political opportunistic.
Despite the skepticism, many proponents of Bitcoin have welcomed the pro-Crypto attitude of Musk. Proponents believe that the coordination of the party with decentralized financing could appeal to a younger, technically skilled voter base that has been disillusioned with traditional political structures.
Musk’s America Party
On July 5, Musk formally introduced the America party in response to what he calls a “one-party system” in Washington.
He criticized both Democrats and Republicans for tax mismanagement, row That Americans need an alternative that gives priority to accountability and efficiency:
“The American party is needed to fight against the Republican/Democrat Uniparty.”
According to Musk, the party will focus strategically on only two to three senate seats and eight to ten house districts. The goal, he explainedis a legislative tie -graker who is able to influence important policy decisions.
In the meantime, the upcoming launch of the party is coming in the middle of the growing tensions between Musk and US President Donald Trump.
Their fall -out became public last month after Musk criticized an edition account supported by Trump, with the argument that the profit would delete that was made under its short Department of Government Efficiency (Doge) initiative.
The dispute escalated in a word war on X and Truth Social, where both parties consistently spoke to each other.
