Elon Musk Launches America Party wiht Bitcoin Embrace
On July 7, 2025, Elon Musk announced his new political venture on X. He declared that his America Party will support Bitcoin, calling fiat currency “hopeless.” This move comes after Tesla’s past Bitcoin payment halt due to environmental concerns.
Musk’s political journey took a bold turn. He questioned the two-party system on Independence Day. A poll he posted garnered over 1.2 million votes, with a 2:1 “yes” vote for a new party.He believes Bitcoin is key to financial freedom.
Musk’s relationship with Bitcoin has been rocky. in 2021, Tesla stopped accepting Bitcoin payments over environmental worries.
However, Musk’s stance on Bitcoin has evolved. He now sees it as a viable option to customary currency. This shift aligns with his new political party’s goals. The America Party aims to offer a fresh perspective on governance.
Key points of the America Party include:
- Reducing national debt
- Responsible spending
- Modernizing the military with AI
- Boosting tech and AI sectors
- Reducing regulations, especially in energy
- Supporting free speech
- Promoting pro-natalist policies
Some Republicans worry that a third party could split their vote. They fear it might benefit Democrats. Critics suggest joining existing parties like the Libertarians instead. Despite this, Musk remains committed to his vision. He believes in giving people more freedom and choice.
Bitcoin’s role in the party is clear. Musk sees it as a way to combat financial issues. His embrace of Bitcoin signals a move towards decentralized finance.
For more on Musk’s political plans, visit Musk’s X post for updates.
Elon Musk’s Evolving Stance on Subsidies and Bitcoin
Elon Musk’s views on subsidies and Bitcoin have shifted over time. Initially,he backed trump’s plan to cut subsidies for electric vehicles (EVs). He believed this would benefit Tesla. Though, as Tesla’s sales declined, Musk changed his stance. He now supports subsidies for eco-friendly cars.
Musk’s support for EV subsidies reflects his commitment to reducing carbon emissions. He wants to remove subsidies from fossil fuel industries. This move aims to level the playing field for greener alternatives. His goal is to promote sustainable energy.
Back in 2021, Tesla accepted Bitcoin payments.But due to Bitcoin’s high energy consumption, Tesla stopped this practise. Despite this, Tesla still holds a notable amount of Bitcoin. According to Bitbo, Tesla owns 11,509 Bitcoin. His recent tweets suggest a greener approach to Bitcoin mining. He seeks eco-friendly mining methods. This aligns with his vision for a greener future. He wants to make Bitcoin mining more sustainable. Musk’s political ambitions also play a role. He briefly served as head of the Department of Government Efficiency. His tenure was short-lived,lasting only 130 days. He criticized a bill that could increase the U.S. national debt.If
