7 hours ago
Elon Musk has confirmed that his recently announced governmental venture, the America Party, would enactment Bitcoin.
The connection came during a speech connected X (formerly Twitter), wherever Musk responded to a question astir whether the caller enactment would clasp the starring crypto.
According to him:
“Fiat is hopeless, truthful yes [we would clasp BTC].”
This declaration is accordant with Musk’s long-running involvement successful cryptocurrencies. Tesla, one of Musk’s companies, holds Bitcoin connected its equilibrium sheet.
However, Musk’s narration with Bitcoin has not been without controversy.
In 2021, Tesla halted Bitcoin payments implicit biology concerns, stating it would resume enactment erstwhile astatine slightest 50% of Bitcoin mining utilized sustainable energy. According to information from Cambridge University, that threshold was crossed successful April 2025. Still, Tesla has yet to restart accepting Bitcoin payments.
Considering this, a salient Bitcoin researcher, Daniel Batten, voiced doubts astir the sincerity of the America Party’s imaginable Bitcoin agenda, suggesting it whitethorn beryllium politically opportunistic.
Despite the skepticism, galore Bitcoin advocates person welcomed Musk’s pro-crypto stance. Supporters judge the party’s alignment with decentralized concern could entreaty to a younger, tech-savvy elector basal disillusioned with accepted governmental structures.
Musk’s America Party
On July 5, Musk formally introduced the America Party arsenic a effect to what helium calls a “one-party system” successful Washington.
He criticized some Democrats and Republicans for fiscal mismanagement, arguing that Americans request an alternate that prioritizes accountability and efficiency:
“The America Party is needed to combat the Republican/Democrat Uniparty.”
According to Musk, the enactment volition strategically people conscionable 2 to 3 Senate seats and 8 to 10 House districts. The goal, helium explained, is to go a legislative tiebreaker susceptible of influencing large argumentation decisions.
Meanwhile, the party’s impending motorboat comes amid increasing tensions betwixt Musk and US President Donald Trump.
Their falling-out became nationalist past period aft Musk criticized a Trump-backed spending bill, arguing it would erase gains made nether his short-lived Department of Government Efficiency (DOGE) initiative.
The quality escalated into a warfare of words connected X and Truth Social, with some parties consistently speaking against each other.
The station Elon Musk’s America Party embraces Bitcoin appeared archetypal connected CryptoSlate.
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