Musk vs Trump: Bitcoin is the Center of the New Explosive Political Battle

Elon Musk has launched the American Party with a clear stance in support of Bitcoin and a rejection of traditional fiat systems. He confirmed the establishment of the party amid increasing criticism of both the Democratic and Republican parties. The price of Bitcoin surged following the political announcement and Musk's endorsement of cryptocurrency. Elon Musk has officially established a new political party called America Party, which he stated will support Bitcoin. The CEO of Tesla and SpaceX announced on X, formerly known as Twitter, to his 221.8 million followers. He called fiat currency "hopeless" and said his party will bring financial freedom.

Musk criticized the current two-party system and called it a "one-party party", accusing this system of managing national debt poorly. He said, "When it comes to bankrupting the country due to waste and corruption, we are living under a one-party regime rather than a democracy." He emphasized that his American Party will prioritize sustainable economic solutions and support digital assets such as Bitcoin. His announcement came after a poll on X assessing support for the new party model. Musk confirmed that the new political entity will focus on congressional races. He aims to challenge both the Republican and Democratic parties in key elections in the Senate and House of Representatives. Elon Musk attacks Trump's bill, pitches financial reform Musk sharply criticized the "Big, Beautiful" bill proposed by former President Donald Trump, calling it harmful to jobs and the economy. He warned that this 940-page proposal includes unsustainable tax cuts and dangerous federal cuts. He added that this bill could undermine strategic national interests. This criticism has further increased the public discord between Musk and Trump. Trump responded via Truth Social, stating that Musk has "lost direction" and called him a "TRAIN WRECK." Musk remains focused on outlining financial reforms and supporting policy ideas backed by Bitcoin. He also condemned both political parties for the increasing federal debt under multiple administrations. "The US party needs to fight against the unified Republican/Democratic party," Musk wrote. He emphasized that change is necessary and the current system lacks real alternatives. Bitcoin receives political boost as Musk supports cryptocurrency After Musk confirmed his support for Bitcoin, its price rose from $108,735.07 to $109,361.29 before stabilizing at $109.16k. Market analysts noted the correlation between his announcement and the volatility of Bitcoin. Cryptocurrency investors reacted positively to Musk linking Bitcoin with a political agenda. Musk has publicly discussed Bitcoin since 2014, but this is the first political connection. A user commented on X, calling it a "big signal" for the cryptocurrency industry. Some speculate Musk may be quietly buying Bitcoin in the shadows. Discussions on social media have surged after a cryptocurrency-focused account noted Musk's recent silence on Bitcoin. Some users suggested that he had "quietly accumulated BTC" ahead of this announcement. However, Musk has yet to confirm or deny holding personal or company reserves of Bitcoin. Summary Elon Musk has launched the American Party, positioning it as a political rival to the United States' two-party system. He stated that the party will support Bitcoin and oppose fiat currency, calling it "hopeless." Musk criticized both the Republican and Democratic parties for the increasing national debt and attacked the economic bill proposed by Trump. The party plans to focus on congressional races and promote financial freedom through digital assets. The price of Bitcoin has risen following this announcement. Musk's move could mark a new chapter in the intersection of politics and cryptocurrency.