Elon Musk Launches New Political Party in the U.S. — And It’s Pro-Bitcoin
- Why Did Elon Musk Start the America Party?
- How Does the America Party View Bitcoin?
- Trump’s Reaction: "Ridiculous" or Reality Check?
- What Is Bitcoin Hyper ($HYPE)?
- Five Key Takeaways
- FAQ
In a bold move, Elon Musk has announced the creation of the "America Party," a new political force in the U.S. that champions bitcoin as an alternative to "hopeless" fiat currencies. The announcement comes after Musk's public fallout with former President Donald Trump over a controversial fiscal package. Meanwhile, Bitcoin Hyper ($HYPE), a Layer 2 project for Bitcoin, has raised $2 million in its presale, signaling growing interest in programmable Bitcoin solutions. Here’s everything you need to know.
Why Did Elon Musk Start the America Party?
Elon Musk’s political ambitions took a dramatic turn on July 7, 2025, when he announced the formation of the "America Party." The move follows his disagreement with Donald TRUMP over the "big, beautiful bill," a fiscal stimulus package that raised the U.S. debt ceiling. Musk, who had previously served as head of the Department of Government Efficiency (DOGE), resigned in May 2025, citing ideological differences. The America Party aims to secure a few key seats in Congress to influence contentious legislation. Musk’s vision? A party that prioritizes fiscal responsibility and technological innovation—including Bitcoin.
How Does the America Party View Bitcoin?
Musk made his stance clear in a reply to a Brazilian user on X: "Fiat is hopeless, so yes." His endorsement is significant given his history of influencing crypto markets—remember Dogecoin’s 2021 rally? The America Party’s pro-Bitcoin stance could further legitimize crypto as a hedge against economic uncertainty. Analysts at BTCC note that Musk’s support often correlates with increased retail interest in cryptocurrencies. For example, after his tweet, Bitcoin’s price briefly spiked 3% on TradingView data.
Trump’s Reaction: "Ridiculous" or Reality Check?
Trump dismissed the idea of a third party, calling it "confusing" in a Reuters interview. But Musk isn’t backing down. He argues that even a small bloc in Congress could sway votes on polarizing issues—like future crypto regulations. The rift highlights a growing divide between traditional fiscal conservatives and tech-driven libertarians. Fun fact: Musk’s DOGE department was ironically named after the meme coin he once promoted.
What Is Bitcoin Hyper ($HYPE)?
While Musk’s party steals headlines, Bitcoin Hyper is quietly making waves. This Layer 2 solution enables smart contracts, NFTs, and dApps on Bitcoin’s blockchain—think Ethereum’s functionality with Bitcoin’s security. The project’s presale hit $2 million, with 133 million $HYPE tokens already staked. You can participate using ETH, USDT, BNB, or even a credit card. Partner wallet "Best Wallet" offers non-custodial options. Is this the future of programmable money? The market seems to think so.
Five Key Takeaways
- Political Shift: Musk’s America Party could disrupt the two-party system.
- Bitcoin Boost: The party’s crypto-friendly stance may accelerate adoption.
- Layer 2 Innovation: Bitcoin Hyper expands BTC’s utility beyond store-of-value.
- Market Impact: Musk’s endorsements historically move crypto prices (see DOGE).
- Regulatory Watch: A Musk-backed bloc might influence future crypto laws.
FAQ
What triggered Elon Musk’s split from Trump?
The immediate cause was Trump’s July 4 signing of a debt-ceiling bill Musk opposed. Their rift had been widening since Musk’s May 2025 resignation.
Can Bitcoin Hyper compete with Ethereum?
It’s not a direct competitor—Bitcoin Hyper aims to add functionality to BTC’s ecosystem while preserving its security.
How does staking $HYPE work?
Users lock tokens to earn rewards, similar to Ethereum’s staking model. Details are on Bitcoin Hyper’s official Telegram.
Is the America Party a serious contender?
With Musk’s resources and influence, analysts at BTCC suggest it could gain traction among tech-savvy voters.
Where can I trade $HYPE?
The token isn’t yet listed, but exchanges like BTCC may support it post-launch.
