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Elon Musk has confirmed that his newly announced political enterprise, the US Party, will support Bitcoin.
The statement came to X (formerly Twitter), where Musk answered the question of whether the new party would accept the head of the crypt.
According to him:
“Fiat is hopeless, so yes.” [we would embrace BTC]”
This statement is in accordance with the long -term interest of Muska in cryptocurrencies. TeslaOit is Musk’s companies hold Bitcoins in their balance sheet.
Muska’s relationship with Bitcoin, however, was not without controversy.
In 2021, Tesla stopped Bitcoin payments for environmental concerns and said it would restore support as soon as at least 50% of bitcoins mining used sustainable energy. According to Cambridge University, this threshold was exceeded in April 2025.
Since the prominent bitcoin researcher, Daniel Batten, expressed doubt About the sincerity of potential bitcoin agenda of America, suggesting that it can be politically opportunistic.
Despite skepticism, many Bitcoin advocates welcomed Musk’s pro-criticism. Supporters believe that the alignment of a party with decentralized funding could appeal to a younger, technically subtle voter base disillusioned with traditional political structures.
Musk’s America Party
5th July Musk formally introduced the American party in response to what he calls “one -party system” in Washington.
Criticized both Democrats and Republicans for fiscal bad management, argue that Americans need an alternative that prefers responsibility and efficiency:
“The American side is needed to fight the Republican/Democratic Uniparty.”
According to Musk, the party will focus on only two to three seats of the Senate and eight to ten houses. The goal, he he explainedIt is to become a legislative tiebreaker capable of influencing the main political decisions.
Meanwhile, the approaching side of the party comes in the middle of the growing tension between Musk and the US President Donald Trump.
Their dropping happened last month after Musk criticized the account for the support of Trump-resident expenditure and claims to delete the profits obtained as part of his short-term initiative for government efficiency (DUGE).
The dispute escalated the words of words on X and social truth, with both sides constantly talking against each other.
