Musk’s America Party Supports Bitcoin, Faces Obstacles

The growing development between Tesla’s CEO Elon Musk and US President Donald Trump and July on July on July on July, when Musk announced an independent American party that allegedly focused on Bitcoin and central policies.

This step was catalyzed by Congress, which passed the controversial law of Trump’s administration One Big Beautiful Bill. According to Musk, the law flies in the face of the initial efforts of administration to reduce government expenditure.

The American side must still organize a formative congress or issue a specific platform. There is little known about the party’s attitude, except for Musk’s vague comments on preference for centrism, deregulation, reducing government expenditure and supporting bitcoins (BTC).

But what hope does the founder of Tesla have to break the bilateral system?

What does Musk’s American party want and it’s really pro-bitcoin?

Trump’s “big beautiful account” introduced several controversial economic shifts. Specifically, it has increased the federal debt ceiling – the amount of money that the government can borrow – by $ 5 trillion. It also provided several tax reliefs that would primarily benefit 1%.

The bill has proposed to cover the costs of this lost income and increased loans by reducing social support programs, such as the Snap and Medicaid program and an increase in tariffs to foreign goods. It also reduced the investments and benefits of electric vehicles and investment in renewable sources.

Related: Analysts predict bitcoins that benefit from Trump’s “Big Beautiful Bill”

Critics, including Musk, were not convinced. Tech CEO decided that it was time to establish its own political party.

Musk’s America Party announcement announced waves and even induced Comment from Trump who said, “I think it is ridiculous to establish a third party […] It has always been a system of two parties, and I think the start of a third party only contributes to confusion. ”

However, there are still modest details of what the party means. If the party supports bitcoins, Musk said:

In addition to Krypto, Musk claims that the party will stand for central values ​​and reduce government expenditures. But these claims are as vague as his promise about bitcoins.

Musk has joined the proposals on what the potential platform of the party from the Tesla Tesla Silicon Valley fans might look like. “Platform” including The above-mentioned object reduction and the reworking of the army is more high-tech and includes AI and robots.

It also proposed the deregulation of the energy sector, the support of freedom of expression and the support of “pro-na-na-naje”, a political movement focusing on low global birth rates.

There has still no official entity or website since publishing time. Musk has he asked Figure X, where the first America congress should take place.

Third parties are not very successful

While Musk can be a separate pioneer in the universe survey, he is not the first to think about creating a third party in American politics.

There were many third parties throughout American history, from the populist side at the end of the 19th century to the progressive side of the early 20th century. There was also the American side (must not be confused with the Musk’s American party), which saw George Wallace’s segregation to win five states in the 1968 presidential elections, but failed overall.

Recently, American entrepreneur and former presidential candidate Andrew Yang tried to break the political duopoly with his central and pro-critic front. Yang had floating The idea of ​​using crypto as a way of distributing universal basic income.

No party was able to expand the system of two sides and observers are not optimistic that Musk will be more successful.

Related: Were bitcoins captured by politics and institutions?

Collin Anderson, a clinical assistant of political science at the University of Buffalo College of Arts and Sciences, said“It would be extremely unlikely that a new main party would be formed. The structure of the American political system has a tendency to two main effective parties and the structure would have to be changed to provide more parties to a real chance.”

Anderson said that one of the main parties would in principle have to collapse for the third party to achieve any profits-what is not impossible if Trump leaves policy without heir to continue the “Make America Great” (Maga) in the Republican Party.

“As soon as Trump is out of politics, it is much more likely that the Maga/Republican base base breaks. Musk can move at that time,” Anderson said.

Bloomberg’s view of publicist Francis Wilkinson said The fact that Musk’s proposed strategy focus on several vulnerable districts of the house and the Senate could potentially function in the short term but “unless you change the structure of the American elections […] And chemistry and strategic motivation of voters and candidates in these districts will not really have an impact. ”

Although the US side is unsuccessful in the long run, Musk has the potential to create a major headaches for the Republican Party. Wilkinson said:

“Has the ability to be a monkey chaos.”

Musk has a “huge fame and has a microphone whenever he wants it, [and] It still amazes the amount of money. ”

Politics is bad for Musk’s business and is not so good in politics

Tesla owners in Silicon Valley can be thrilled by a third -party view led by Musk, but the business partners of the CEO are not.

James Fishback, CEO of the investment company Azoria, has he decided Putting up the statement of Azoria Tesla Convexity ETF after Muska’s announcement that “creates a conflict with his full -time obligations as the CEO of Tesla. It takes away its focus and energy from Tesla employees and shareholders.”

“The political party not only cannot add Tesla’s mission – actively undermines it,” he said.

Tesla’s shares also collapsed on a report on Muska’s political ambitions. Shares have suffered great losses in the last year when Musk has become politically involved and Tesla vehicles became synonymous with the support of Trump’s administration.

Moreover, Musk has not shown his political effect in the past. While the main donor of the Republican Party, its more direct involvement in the race of the Supreme Court in Wisconsin in March 2025 was not possible.

During the elections, Trump’s administration used Musk to campaign for her preferred candidate Brad Schimel. Musk wore a public in the public’s speeches and cheese hat And he called the “super big problem” elections. He gave away $ 1 million checks for two Wisconsin voters who have increased eyebrows among some Republican observers, and now focus on the action.

But none of it worked. Democratic candidate Susan Crawford actually won the elections by 10%.

Whether Musk wins or loses, Bitcoin will continue to prosper, said nothing Packrin, crypto analyst, investor and founder Coin Bureau. “The only way is for the US dollar down, and the prices of bitcoins will always move in the opposite direction.”

However, if Musk tries to take over the structure of the American political system and the Great Old Party, he will need more than Bitcoins’ contributions to transfer the US party to victory.

Magazine: Bitcoin vs. Stablecoins showdown weaving