News Tokenomics

Musk's 'America Party' to Embrace Bitcoin, Signaling Potential Breakout

by Crypto Hobby

Updated July 09, 2025

Elon Musk has announced the formation of a new political entity, the "America Party," aimed at countering former President Trump's "One Big Beautiful Bill" (OBB). Musk asserts that the OBB would exacerbate the US national debt and increase government spending. In a significant development for the crypto world, Musk has also indicated that his new party will embrace Bitcoin.

Musk Launches "America Party" to Counter Trump's Fiscal Policies

Elon Musk has once again made headlines with the launch of his new political party, the "America Party." This move is a direct response to former President Donald Trump's proposed "One Big Beautiful Bill," which Musk argues will place undue fiscal pressure on the United States economy by increasing government spending and contributing to the national debt.

Musk has been vocal about his concerns regarding the rising US debt and has criticized Trump's OBB bill for its potential negative impact on the economy. He took to X (formerly Twitter) to announce the formation of the America Party, stating its purpose is to restore "freedom" to America and address what he perceives as a "one-party system" when it comes to national financial mismanagement.

Bitcoin's Potential Role in the New Political Landscape

In a move that has significant implications for the cryptocurrency market, Elon Musk has confirmed that the America Party will embrace Bitcoin. When asked on X if his new party would adopt Bitcoin, Musk responded, "Fiat is hopeless, so yes." This statement has ignited speculation about Bitcoin's future trajectory and its potential for mainstream adoption.

Musk's endorsement could provide a substantial boost to Bitcoin's value and legitimacy.
Experts suggest that if Bitcoin is integrated into national policy, such as for payments or taxes, it could trigger widespread retail interest and accelerate mainstream adoption.
The potential for Bitcoin to reach new highs, possibly even $150,000, has been discussed, contingent on its strategic implementation by Musk's party.

Key Takeaways

Elon Musk has launched the "America Party" to oppose Trump's "One Big Beautiful Bill."
Musk believes the OBB will increase US debt and government spending.
The America Party aims to bring "freedom" and address fiscal irresponsibility.
Musk has confirmed the America Party's embrace of Bitcoin, citing the "hopelessness" of fiat currency.
This endorsement could significantly impact Bitcoin's market value and adoption, potentially leading to new price highs if integrated into national policy.