Elon Musk’s America Party Goes All-In on Bitcoin: Crypto Revolution or Political Stunt?

Elon Musk just dropped a financial Molotov cocktail—his America Party now officially runs on Bitcoin. Cue the libertarian cheers and SEC side-eyes.

The move sparks immediate questions: Is this a genuine embrace of decentralized finance, or just another headline-grabbing power play from the world's richest troll?

Meanwhile, Wall Street bankers suddenly remember they 'always believed' in crypto—right after liquidating their short positions.

Musk’s America Party

On July 5, Musk formally introduced the America Party as a response to what he calls a “one-party system” in Washington.

He criticized both Democrats and Republicans for fiscal mismanagement, arguing that Americans need an alternative that prioritizes accountability and efficiency:

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

According to Musk, the party will strategically target just two to three Senate seats and eight to ten House districts. The goal, he explained, is to become a legislative tiebreaker capable of influencing major policy decisions.

Meanwhile, the party’s impending launch comes amid growing tensions between Musk and US President Donald Trump.

Their falling-out became public last month after Musk criticized a Trump-backed spending bill, arguing it would erase gains made under his short-lived Department of Government Efficiency (DOGE) initiative.

The dispute escalated into a war of words on X and Truth Social, with both parties consistently speaking against each other.