Elon Musk Launches America Party with Bitcoin at Core

Elon Musk has launched the America Party, a political movement that places Bitcoin at the core of its platform. This move comes as Americans increasingly express dissatisfaction with the current political landscape and seek decentralized alternatives. Musk's response to a user's inquiry about whether the party would support Bitcoin was straightforward: “Fiat is hopeless, so yes.” This statement has resonated through both political and crypto circles, highlighting the growing intersection of digital asset advocacy and political platforms.

Musk's decision to form the America Party follows weeks of tension with President Donald Trump, who signed the controversial $3.4 trillion “Big Beautiful Bill.” Musk criticized the bill as a “disgusting abomination” and accused both major parties of fiscal malpractice. Trump, in response, dismissed the idea of a third party as “pointless.” Despite this, Musk plans to back America Party candidates in up to three Senate races and 10 House districts, potentially giving the party significant influence on key legislation.

Musk's endorsement of Bitcoin is not new; he has long been a proponent of decentralized finance and digital currencies. Tesla still holds 11,509 BTC, worth over $1.26 billion, and Musk has allowed BTC and Dogecoin payments for merchandise. However, the America Party is the first U.S. political organization founded with Bitcoin at its core. While Musk has not yet released a full crypto policy, analysts expect proposals around digital asset regulation, blockchain-based voting, and reducing dollar dependency in government finance. Some insiders speculate that the party may advocate for Bitcoin as a reserve asset or even crypto-backed municipal bonds.

The America Party has already garnered interest from prominent figures such as Mark Cuban and Anthony Scaramucci. Cuban offered to help Musk get on ballots, while Scaramucci expressed a desire to meet and discuss strategy. Despite this early support, the America Party has not yet filed with the Federal Election Commission (FEC), a requirement before they can raise or spend federal funds. However, the lack of FEC filing has not dampened the buzz surrounding the party.

While the crypto politics movement remains unstructured, it now has a billionaire founder with global reach and a large online following. The next steps for the America Party include FEC registration, formal crypto policy proposals, candidate selection for House and Senate races, and Bitcoin integration into party donations and financial infrastructure. This development marks a significant shift in the political landscape, as Bitcoin becomes a central issue in American politics.