Elon Musk Launches America Party Backed by 65% Support Bitcoin

Elon Musk, the CEO of Tesla, has launched a new political party called the America Party, which is centered around Bitcoin. This move comes after a significant clash with President Donald Trump, who has been a vocal critic of Musk's political ambitions. The America Party aims to be a pro-innovation and pro-Bitcoin platform, embracing the digital currency as a core component of its economic policy. Musk's announcement has reignited his feud with Trump, who has suggested that Musk has gone "off the rails" with his political endeavors.

Musk's decision to launch the America Party follows a July 4 poll on his X platform, where 65% of respondents supported the move. This poll was conducted after Musk had previously stated that he would refocus on his companies following a backlash to his role leading the Trump administration's cost-cutting Department of Government Efficiency. The formation of the America Party is seen as a bold political move, positioning Musk as a significant player in the U.S. political landscape.

The America Party's embrace of Bitcoin is a clear departure from traditional political platforms, which often focus on fiat currencies. Musk has been a vocal advocate for Bitcoin, and Tesla holds over $1.2 billion in the digital currency. The party's stance on Bitcoin is not only a financial decision but also a political statement, reflecting Musk's belief that fiat currencies are "hopeless" and that Bitcoin represents a more innovative and secure financial system.

Trump's response to Musk's announcement has been critical, with the president suggesting that third political parties have never succeeded in the United States. Trump's comments highlight the challenges that the America Party may face in gaining traction and support in the U.S. political system. Despite these challenges, Musk's launch of the America Party is a significant development in U.S. politics, as it introduces a new player with a unique platform and a strong following.

Musk has signaled his intent to target 2 to 3 key Senate seats and 8 to 10 House districts, potentially swinging control of Congress if margins remain tight. His goal is to become a decisive voice in policymaking, one that “ensures laws serve the true will of the people.” However, Trump loyalists are growing concerned. Some fear Musk’s party could peel off Republican voters, handing control of key seats to Democrats. Influencer Laura Loomer warned that even high-profile Republicans like Marjorie Taylor Greene and Thomas Massie might defect to Musk’s party.

The Musk-Trump feud, once rooted in mutual admiration, has now erupted into full-scale political warfare. Musk has repeatedly accused Trump of hypocrisy and fiscal recklessness, questioning how a president who created a department to cut spending could approve a bill that massively increases debt. Backed by tech wealth, crypto ambition, and growing public support—over 1.2 million people voted in favor of forming the party in a recent poll—Musk’s America Party may be a long shot, but it’s already reshaping the 2026 political landscape.