Elon Musk says his America Party is going to be pro-Bitcoin

Elon Musk has declared that the America Party, his new political vehicle, will fully support Bitcoin, saying on X that: “Fiat is hopeless.”

This follows the official launch of the America Party two days ago, which came after yet another public escalation of his fight with former best friend President Donald Trump.

Saturday night on Truth Social, Trump called Elon a train wreck and said it makes him sad that he is embarrassing himself publicly.

Elon had accused Trump of abandoning the center and posted a poll asking his followers if he should form a new party to represent “the 80 percent in the middle.” When the poll closed, about 80% voted yes. So he went ahead and launched it unofficially… at least for now.

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.