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Elon Musk’s America Party Will Embrace Bitcoin as “Fiat is Hopeless”

Elon Musk’s America Party Will Embrace Bitcoin as “Fiat is Hopeless”

CryptoRoCryptoRo2025/07/08 17:30
By:Rada Mateescu

Key Points

  • On July 7, Musk said that the America Party is needed to fight the Republican/Democrat uniparty.
  • Musk said he’s forming the America Party following the recent fallout with Donald Trump.

On July 5, Elon Musk said he’s forming a new political party called the America Party, after the US President Donald Trump, signed the “Big Beautiful Bill” on the US Independence Day on July 4th. Musk also highlighted that the new party will support Bitcoin, as “fiat is hopeless.”

The America Party to Support Bitcoin

On July 7, Musk shared a post on X saying that the America Party is the solution, after re-posting a statement by E/Acc founder who said that being a centrist is now considered a radical, “batshit crazy idea.”

When someone asked Musk whether the new party will embrace Bitcoin, the tech mogul said that “fiat is hopeless, so yes.”

Fiat is hopeless, so yes

— Elon Musk (@elonmusk) July 7, 2025

Earlier today, July 7, Musk shared another post on X, highlighting that the America Party is needed to fight the Republican/Democrat Uniparty, and showing that debt in the US has consistently risen regardless of which party is in power.

According to Musk’s post, the US debt has grown in the country between 1981 and 2023, surpassing $30 trillion.

The America Party is needed to fight the Republican/Democrat Uniparty https://t.co/fEqDuddOoI

— Elon Musk (@elonmusk) July 6, 2025

According to recent BBC data, the current US debt is over $37 trillion.

Musk’s America Party

Musk announced the formation of the America Party on July 5th – a third political party to “End the Uniparty” announced after Musk’s fallout with Donald Trump, after the US President signed the Big Beautiful Law on July 4th.

The America Party platform will reportedly:

  • Reduce debt, allowing responsible spending only
  • Modernize the military with AI and robotics
  • Be pro-tech and accelerate AI developments
  • Provide less regulation, especially in energy
  • Be pro-free speech and pro-natalist
  • Offer centrist policies

Is this the America Party platform?

-reduce debt, responsible spending only
-modernize military with ai/robotics
-pro tech, accelerate to win in ai
-less regulation across board but especially in energy
-free speech
-pro natalist
-centrist policies everywhere else

If so…

— Tyler Palmer (@tyler__palmer) July 5, 2025

Musk’s idea of a third political party comes following Trump’s latest moves involving the “Big Beautiful Bill,” which Musk estimates will add trillions of dollars to the federal deficit. The BBB was the catalyst for a major feud between Musk and Trump recently.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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