Elon Musk Launches American Party with Bitcoin Focus 65% Support

Elon Musk, the renowned entrepreneur, has announced the formation of a new political party in the United States, named "The American Party," which will incorporate Bitcoin into its framework. Musk made this declaration on July 4, 2025, following a public poll where 65% of over 1.25 million respondents supported the idea. The party aims to promote technology development, protect free expression, and address the national debt, with a focus on electing 2-3 Senate members and 8-10 House members to sway legislative outcomes.

Musk's decision to integrate Bitcoin into the party's framework is driven by his belief in the limitations of traditional currency. He has a proven track record of supporting cryptocurrency adoption, with Tesla holding 11,509 Bitcoin and SpaceX holding 8,285 Bitcoin. Musk's frequent public commentary on cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, has both engaged supporters and prompted legal action.

Musk's new political venture comes after a falling out with Donald Trump over a sweeping tax and spending bill, which Musk criticized as bankrupting the country with waste and graft. The launch of "The American Party" has sparked opposition, with political strategists warning of a potential "spoiler effect" that could split the Republican vote and hand victories to Democrats. Trump himself called the move "ridiculous," defending the two-party system.

Despite the opposition, Musk's supporters, including crypto enthusiasts, see a silver lining in the new party's alignment with decentralized technologies. This stance could indirectly bolster Bitcoin adoption and encourage similar experiments in the U.S. Musk's vast resources and platform X amplifying the message could pressure lawmakers to reconsider cryptocurrency regulations. The new party's focus on fiscal autonomy and financial sovereignty could potentially pave the way for Bitcoin's mainstream ascent.