Musk vs. Trump: Bitcoin at the Center of Explosive New Political Feud

Elon Musk launched the America Party with a clear stance supporting Bitcoin and rejecting traditional fiat systems. He confirmed the party’s formation amid rising criticism of both Democrats and Republicans. Bitcoin prices saw a brief surge following Musk’s political announcement and endorsement of cryptocurrency.

Elon Musk America Party Declares Political Support for Bitcoin

Elon Musk has officially formed a new political party called the America Party, which he says will endorse Bitcoin. The Tesla and SpaceX CEO made the declaration on X, formerly Twitter, to his 221.8 million followers. He called fiat currency “hopeless” and said his party would provide financial freedom.

Fiat is hopeless, so yes

— Elon Musk (@elonmusk) July 7, 2025

Musk criticized the existing two-party system and labeled it a “Uniparty,” accusing it of mismanaging national debt. He said,

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.” 

He emphasized that his America Party would prioritize sustainable economic solutions and support digital assets like Bitcoin.

His announcement came after a poll on X that gauged support for a new party model. Musk confirmed that the new political entity would focus on congressional races. He aims to challenge both Republicans and Democrats in key Senate and House contests.

Elon Musk Attacks Trump Bill, Touts Fiscal Reform

Musk sharply criticized former President Donald Trump’s proposed “Big, Beautiful Bill,” calling it harmful to jobs and the economy. He warned that the 940-page proposal includes unsustainable tax breaks and dangerous federal cuts. The bill, he added, could undermine strategic national interests.

This criticism intensified an already public feud between Musk and Trump. Trump responded via Truth Social, saying Musk had gone “off the rails” and labeled him a “TRAIN WRECK.” Musk remained focused on outlining fiscal reform and advocating for Bitcoin-backed policy ideas.

He also condemned both political parties for rising federal debt across administrations.

“The America Party is needed to fight the Republican/Democrat Uniparty,” Musk wrote.

He stressed that change is necessary and that the current system lacks real alternatives.

Bitcoin Gets Political Boost as Musk Endorses Crypto

After Musk confirmed Bitcoin support, its price rose from $108,735.07 to $109,361.29 before stabilizing at $109.16K. Market analysts noted the correlation between his announcement and Bitcoin’s movement. Crypto investors reacted positively to Musk tying Bitcoin to a political agenda.

Musk has discussed Bitcoin publicly since 2014, but this marks the first political link. A user commented on X, calling it a “huge signal” for the crypto industry. Some speculated Musk may be quietly buying Bitcoin in the background.

 

Social media discussion surged after a crypto-focused account noted Musk’s recent silence on Bitcoin. Some users suggested he was “quietly stacking BTC” ahead of this announcement. However, Musk has not confirmed or denied holding personal or corporate Bitcoin reserves.

Summary

Elon Musk has launched the America Party, positioning it as a political challenger to the U.S. two-party system. He stated the party would support Bitcoin and oppose fiat currency, calling it “hopeless.” Musk criticized both Republicans and Democrats for growing national debt and attacked Trump’s proposed economic bill. The party plans to focus on congressional races and promote financial freedom through digital assets. Bitcoin saw a price bump following the announcement. Musk’s move could mark a new chapter in the intersection of politics and cryptocurrency.

FAQs

What is the America Party?

The America Party is a new political party founded by Elon Musk to challenge the U.S. two-party system.

Why does the America Party support Bitcoin?

Musk said fiat currency is “hopeless” and supports Bitcoin as a form of financial freedom and decentralization.

Did Bitcoin prices react to Musk’s announcement?

Yes, Bitcoin rose from $108,735.07 to $109,361.29 shortly after Musk announced support via the America Party.

What was Musk’s criticism of Trump’s bill?

Musk called Trump’s “Big, Beautiful Bill” wasteful, warning it could lead to job losses and harm the economy.

Is Musk running for president under the America Party?

As of now, Musk has not declared a presidential run; the party will focus on House and Senate races.

Glossary of Key Terms

Elon Musk America Party – A political movement launched by Elon Musk to oppose both Democrats and Republicans and promote Bitcoin.

Bitcoin (BTC) – A decentralized digital currency without a central bank, supported by Musk’s new political initiative.

Fiat Currency – Government-issued money not backed by a physical commodity; Musk labeled it “hopeless.”

Big, Beautiful Bill – Trump’s proposed economic plan, criticized by Musk for including harmful fiscal policies.

Truth Social – Donald Trump’s social media platform, where he responded to Musk’s political statements.

References:

Cryptotimes

X

TheBlock

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