A Big Move from Elon Musk

A significant shift occurred when Elon Musk, initially a supporter of Donald Trump during the previous election campaign, found himself at odds with the former president.

Establishment of the America Party

Tesla CEO Elon Musk has recently announced the formation of the America Party, aiming to challenge the existing two-party system in the United States.

Musk’s Support for Bitcoin!

In a surprising twist, Musk revealed that the America Party would back Bitcoin. He stated, “When it comes to bankrupting our country with waste and corruption, we live in a one-party system, not a democracy. Today, the Party of America was founded to give you back your freedom.”

Responding to a question from an X user regarding the party’s stance on Bitcoin, Musk affirmatively stated, “fiat is hopeless, so yes.” Although his party has generated significant discussion, it has yet to register with the Federal Election Commission or provide a detailed roadmap.

> “Fiat is hopeless, so yes”
> — Elon Musk (@elonmusk) July 7, 2025

Trump’s Response

In response to Musk’s new political endeavors, Donald Trump expressed his disapproval on Truth Social, claiming Musk had lost his way. He remarked that third political parties have historically failed in the US.

> “It saddens me to see Elon Musk completely off the rails over the last five weeks and essentially becoming a TRAIN WRECK… The only thing Third Parties are good at is creating Complete and Total DESTRUCTION and CHAOS.”

This is not investment advice.