Elon Musk’s America Party Declares Full Bitcoin Support—Crypto Bulls Rejoice
Elon Musk just threw gasoline on the crypto fire. His newly announced America Party isn't just dipping a toe in Bitcoin—it's diving in headfirst with a pro-BTC stance that's already sending shockwaves through DC and Wall Street.
The move comes as no surprise to crypto veterans who've watched Musk move markets with a single tweet. But this time? He's putting political weight behind the orange coin.
Wall Street analysts are scrambling to update their 'Musk Effect' models—though let's be honest, their track record on crypto predictions is worse than a blindfolded dart thrower.
One thing's certain: when the world's richest meme lord backs Bitcoin as official party policy, the game changes. Whether Washington's old guard is ready for that change? That's the trillion-dollar question.
Elon targets Republican defectors after bill passes
Before the announcement, other players tried to pull Elon into their projects. Andrew Yang, speaking to Politico Magazine, said he had wanted to form a political party with Elon or get his support for the Forward Party.
Elon had endorsed Yang’s presidential run back in 2020, but no deal was made. Steven Nekhaila, chair of the Libertarian National Committee, also reached out last week, but Elon still didn’t engage.
Instead, Elon stayed focused on the One Big Beautiful Bill Act, the same bill that triggered his split from Trump. As the bill neared a vote in the Senate, Elon promised that if it passed, he WOULD not only move forward with forming the America Party, but also back primary challenges against Republican lawmakers who voted in favor of it. When the bill passed the House of Representatives on July 3, he followed through. He dropped another poll on X, then revealed a loose electoral strategy, blasting both major parties as a single “uniparty” failing to offer real policy differences.
Despite Elon’s massive personal fortune, pushing the America Party into the national conversation won’t be easy. The Washington Post pointed out that Elon failed to influence the 2025 Wisconsin Supreme Court election, and his work at the Department of Government Efficiency has damaged his reputation in some circles. Getting ballot access in all states will be a massive legal grind. Public support for him has also dipped, adding more uncertainty to the project.
Adding to the complications, Elon was born in South Africa, which makes him constitutionally ineligible to run for the US presidency. He hasn’t said who will lead the America Party or what its internal structure will look like. As of now, it’s just Elon, Bitcoin, and an audience of people tired of choosing between two parties he no longer wants anything to do with.
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