A big move came from Elon Musk, who supported US President Donald Trump in the last election campaign and was inseparable at the time. Tesla CEO Elon Musk and Donald Trump have not been on good terms lately. Musk made a big move against Trump, challenging the two-party system in the US and establishing a political party. At this point, Musk announced the establishment of the America Party as a third political party in the United States. Elon Musk Supports Bitcoin! Musk took another step and announced that the American Party would support Bitcoin. “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,” Musk said. While Musk's party quickly became one of the main topics on the agenda, an X user asked whether his new political party would adopt Bitcoin. Musk responded to this question by saying, “fiat is hopeless, so yes,” and openly stated that he would support and adopt Bitcoin. Musk aims to challenge the two-party system in the US with his Party for America, but he has not yet registered with the Federal Election Commission and no detailed roadmap has been released. Fiat is hopeless, so yes — Elon Musk (@elonmusk) July 7, 2025 Harsh Statement from Trump! While Elon Musk's party was one of the most talked about topics, Donald Trump also shared. Trump said in a post on Truth Social that Musk had completely gone off the rails and added that a third political party had never been successful in US history. “It saddens me to see Elon Musk completely “off the rails” over the last five weeks and essentially becoming a TRAIN WRECK. He even wants to create a Third Party in the United States, despite them never being successful – The system doesn't seem designed for them. The only thing Third Parties are good at is creating Complete and Total DESTRUCTION and CHAOS. ….” *This is not investment advice. Continue Reading: Elon Musk Talked About Bitcoin (BTC), Donald Trump Talked About Musk! Here Are His Statements!
