Elon Musk Launches America Party, Backs Bitcoin, Criticizes Government Spending

Elon Musk has officially launched the America Party, a new political group that has sparked significant debate and attention. This move follows a massive poll on X, where over 1.2 million people voted, with the majority expressing a desire for a new political option. Musk believes this response indicates that Americans are ready for real change and are dissatisfied with the current political landscape.

The America Party has a clear stance on digital currency, supporting Bitcoin and advocating for a future where digital money plays a central role. Musk has been vocal about his belief that government-issued currency has lost its value, aligning with previous statements by Robert Kiyosaki, who has advised focusing on gold, silver, and Bitcoin instead of paper money or government-backed investments. Kiyosaki has also warned about the declining real value of ETFs and the shift of central banks away from U.S. bonds towards gold, signaling potential trouble for the dollar.

Musk's decision to form the America Party stems from his belief that the two main political parties in the U.S. no longer serve the people. He criticizes both sides for excessive spending, wasteful practices, and neglecting the needs of ordinary citizens. The America Party aims to stand for freedom, reduced government control, and smarter financial decisions, particularly in addressing inflation and protecting people's money.

Donald Trump has responded to Musk's criticisms, particularly regarding the $4.5 trillion "Big Beautiful Bill" recently passed in Congress. Musk had labeled the bill as harmful, asserting that it would only increase national debt. Trump, in turn, questioned Musk's political ambitions and downplayed the viability of third parties in American politics, suggesting they rarely gain traction. Trump also hinted that Musk's party could split the vote on the right.

Musk's support for digital assets like Dogecoin and Bitcoin is well-known, but he is now linking these ideas to his political vision. He believes that Bitcoin can provide financial independence and limit the government's control over money. Musk argues that inflation is driven by the endless printing of dollars and that crypto offers a way to avoid this hidden cost. He envisions the America Party leading the fight for fairer money systems.

While the America Party is still in its early stages, with no formal website, list of candidates, or complete policy platform, the buzz around it is growing. Musk's influence, particularly online, provides a strong launchpad for this new political endeavor. If he decides to take further steps, such as backing candidates, holding rallies, or building a proper campaign, the America Party could quickly gain momentum. The potential implementation of Musk's crypto-focused policies could result in stricter regulations for crypto and more robust adoption throughout the U.S., which would be a significant victory for the digital asset community.