Elon Musk has officially introduced the America Party, a new political group that plans to accept Bitcoin
$108,461.85
for contributions.
The announcement came after a poll on X, where over 1.24 million users voted on whether he should start a party. Nearly two-thirds supported the idea, and Musk moved forward with the plan.
When someone on X asked if the party would support Bitcoin, Musk replied, “Fiat is hopeless, so yes”.
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Musk’s decision to form a new party followed a disagreement with President Donald Trump. He has opposed Trump’s “One Big Beautiful Bill”, a proposal expected to increase US debt by $3.3 trillion over the next ten years.
He also criticized the Department of Government Efficiency (DOGE), which aimed to reduce the national debt. Musk pointed out the contradiction between promoting debt reduction while supporting a bill that adds trillions in new spending.
After announcing the America Party, he said the country does not truly have a two-party system. Instead, he claimed, both major parties allow wasteful spending to continue without serious debate.
President Trump stated that the party could divide the Republican vote and hurt the party’s chances in the 2026 midterm elections.
Meanwhile, Musk’s artificial intelligence (AI) company, xAI, recently raised $10 billion. What is the purpose of this funding? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
