Elon Musk gives the green light to Bitcoin: A comment also came from Trump

Elon Musk, the owner of Tesla, SpaceX, and X, decided to establish the America Party following his reactions to Donald Trump. Trump's signing of the "Great Beautiful Law" on Friday night, which included major tax rebates, was the final step Musk was waiting for. The famous businessman stated that the efforts to establish the party would begin the day after Trump signed the law.

Musk is returning to Bitcoin again

Especially during the bull season in 2021, Musk, who was much talked about with his Bitcoin tweets and statements, had fallen into a great silence in the following years. In recent years, Musk has made almost no statements or comments regarding cryptocurrencies. However, the Bitcoin question asked to Musk related to the America Party also attracted attention.

In response to a follower's question, "Will the America Party look positively on Bitcoin?" Musk replied, "There is no hope left for fiat money. So yes..." Musk's answer received thousands of retweets and likes.

Musk had shown that the reason for founding the America Party was that both the Republican and Democratic Parties could no longer respond to the demands of the people. Musk, who pointed out that the large tax rebates that came with the law signed by Trump would further increase the US debt, lastly said, "Not just my incentives, but cut everyone's incentives."

Trump: Musk is off the rails

The President of America, Donald Trump, stated that Elon Musk has gone off the rails. Evaluating Musk's party formation on his Truth Social account, Trump said the following:

"Elon Musk's complete derailment saddens me. He has derailed and turned into a full train wreck. A third party has never worked in America. The system is not conducive to this, in fact, it has caused even more chaos and confusion. They have never been successful in elections either. This law is one of America's largest and most important laws, but unfortunately, it also prevents the conditions that require the purchase of Elon’s electric vehicles. I have been against this from the very beginning. People should be able to buy vehicles with the technology they want. No more electric vehicle mandate... My goal is to protect the rights of the American people."

Published: July 7, 2025 08:25Last Updated: July 7, 2025 08:31