Musk hints at a political switch supporting Bitcoin, as 'America Party' forgoes fiat currency and aims for disruption
As of late July 2025, tech mogul Elon Musk has proposed starting a new U.S. political party called the America Party. The party, aimed at representing the "80% in the middle" of the political spectrum, was announced following a public feud with former President Trump.
Musk conducted a public poll on the social media platform X, where over 80% of about 5.6 million respondents supported the idea of creating such a party. However, as of now, the America Party does not have a verified filing under Musk's name in the U.S. Federal Election Commission (FEC) database.
The exact current status of the America Party is that it remains proposed rather than fully established, with significant legal and logistical obstacles ahead, such as complex state laws and ballot access requirements. Even experts suggest that only someone with Musk’s wealth and influence could make a serious attempt at creating a new political party in the U.S.
Regarding the America Party’s stance on Bitcoin or cryptocurrency, no detailed or explicit position has been publicly announced or reported. Elon Musk is well-known for his personal interest and influence in cryptocurrency markets, especially Bitcoin and Dogecoin, but the America Party's official or proposed policy on Bitcoin in U.S. politics has not been articulated or documented publicly yet.
Musk's comments about Bitcoin and the America Party have sparked fresh speculation about crypto's future in American politics. In a recent response to a question about the America Party potentially embracing Bitcoin, Musk stated that "Fiat is hopeless, so yes." This echoes the views of Bitcoin maximalists, who see Bitcoin as a tool of resistance to inflation, government overreach, and world financial system risks.
Musk's announcement and support for Bitcoin have also been reflected in the crypto market, with coins associated with Musk, such as Toncoin and Dogecoin, experiencing minor intraday gains. Furthermore, Musk's criticism of a $3.3 trillion federal spending bill recently signed into law has fueled speculation about his political stance.
The Biden administration, on the other hand, has taken a more regulatory-heavy approach towards the crypto market. Despite this, Musk's remarks may represent the beginning of a more vocal crypto-aligned political movement, which could reshape future campaign narratives, especially as younger, tech-savvy voters enter the electorate.
In summary:
| Aspect | Status as of July 2025 | |-----------------------|------------------------------------------------------------| | America Party | Proposed by Elon Musk, supported by a large online poll; not yet fully formed or active on ballots | | Political focus | To represent moderate middle 80% voters as an alternative to existing parties | | Bitcoin/Crypto stance | No official or proposed policy disclosed so far | | Challenges | Legal, state-level election rules, and ballot access hurdles |
As the America Party continues to develop, it remains to be seen how its stance on Bitcoin and the crypto market will evolve and potentially influence the broader political landscape in the U.S.
- The America Party, proposed by tech mogul Elon Musk, does not have a verified filing in the US Federal Election Commission (FEC) database, making it proposed rather than fully established.
- Though Elon Musk is known for his personal interest and influence in the cryptocurrency markets, especially Bitcoin and Dogecoin, no detailed or explicit position on Bitcoin has been publicly announced regarding the America Party.
- The crypto market has shown intraday gains for coins associated with Musk, such as Toncoin and Dogecoin, following his announcements and support for Bitcoin.
- The Biden administration, contrary to Musk, has taken a more regulatory-heavy approach towards the crypto market.
- As the America Party continues to develop, its stance on Bitcoin and the crypto market may influence the broader political landscape in the U.S., potentially marking the beginning of a more vocal crypto-aligned political movement.
- NFTs and other forms of cryptocurrency may also have a role in future general-news discussions surrounding politics, finance, and technology.
