Musk’s America Party supports Bitcoin, but faces obstacles

Musk, the CEO of Tesla and US president Donald Trump, have been growing apart since Elon Musk launched his independent America Party on July 5, focusing on Bitcoins and centrist policies.

Congress’ passage of the Trump Administration’s One Big Beautiful Bill Act, a controversial bill that has been criticized by many in Washington, sparked this action. Musk says that this bill goes against the initial attempts of the administration to cut spending.

There has not yet been a formal congress of the America Party or a platform released. Musk has made vague remarks about his party, including a preference to centrism, deregulation and reducing government spending.BTC).

What hope does Tesla’s founder have to end the two-party political system?

What is the purpose of Musk’s America Party, and are they really pro-Bitcoin or not?

Trump’s “Big Beautiful Bill” Introduced several controversial economic changes. Namely, it raised the federal debt ceiling — the amount of money the government is allowed to borrow — by $5 trillion. The tax cuts were primarily for the top 1%.

This bill would cover this loss of revenue by increasing borrowing and cutting social programs like the Supplemental Nutrition Assistance Program and Medicaid, and raising tariffs for foreign products. This bill reduced benefits and investments in renewable energy, electric vehicles and other social support programs. 

Related: Bitcoin to benefit from Trump’s ‘Big Beautiful Bill,’ analysts predict

Musk and his critics did not share this view. It was decided by the CEO of a tech company that it was high time he started his own party. 

Musk’s America Party made waves, even elicited Comment from Trump who said “I think it’s ridiculous to start a third party […] it’s always been a two-party system, and I think starting a third party just adds to confusion.”

The party’s platform is still vague. Musk has stated that the Bitcoin party is not a part of his plans.

Musk says that the party’s values will extend beyond crypto. He also claims to be a supporter of centrist values, and has lowered government spending. However, these statements are equally vague as the promise he made about Bitcoin.

Tesla Owners Silicon Valley has shared Musk’s suggestions for a possible party platform. The “platform” included The goal to reduce debt is a good one, but it’s also important that the military be upgraded with AI and robots. 

Also, it suggested that the energy sector be deregulated and free speech encouraged. “pro-natalism,” A movement focused on low global rates of birth. 

No official website or entity has been established as yet. Musk is a entrepreneur. asked Followers on X, where the first America Party Congress is to take place.

Third-parties are not very successful

Musk is a pioneer of space exploration but he’s not the first person to consider a third-party in American politics. 

Over the course of American history, many different third parties existed. From the Populist Party to the Progressive Party from the early twentieth century. It was not Musk’s America Party but the American Party. In 1968, segregationist George Wallace won five states during presidential elections.

Andrew Yang is an American businessman, former presidential candidate, and crypto-proponent who has tried to disrupt the duopoly of politics with his Forward Party. Yang had floated The idea that crypto can be used to distribute a universal income. 

Musk is not expected to be more successful than any other party in expanding the two-party political system. 

Related: Has Bitcoin been captured by politics and institutions?

Collin Anderson is a clinical assistant professor of Political Science at University at Buffalo College of Arts and Sciences. said, “It would be extremely unlikely for a new major party to form. The structure of the U.S. political system tends towards two major effective parties, and the structure would need to be changed in order to give more parties a real chance.”

Anderson said that one of the major parties would essentially have to collapse for a third party to make any gains — which is not an impossible outcome if Trump leaves politics with no heir-apparent to continue the “Make America Great Again” The Republican Party has a (MAGA), or Movement for the Advancement of Gays and Lesbians, within it. 

“Once Trump is out of politics it becomes much more likely that the MAGA/Republican base will fracture. That’s when Musk can make his move,” Anderson, said

Bloomberg Opinion columnist Francis Wilkinson said Musk’s strategy to focus on vulnerable House and Senate Districts could work in the short-term, but “unless you’re changing the structure of American elections […] and the chemistry and the strategic motivations of both voters and candidates in these districts, you’re not really going to have an impact.”

Musk could cause major problems for the Republican Party, even if Musk’s America Party fails in the end. Wilkinson stated:

“He has the capacity to be a chaos monkey.”

Musk “enormous fame, and he’s got a microphone whenever he wants one, [and] he has still staggering amounts of money.” 

Musk isn’t very good at politics, but it’s bad for his business.

Tesla owners are excited by the possibility of Musk leading a third-party, but Musk’s partners at the company don’t share that excitement. 

James Fishback is the CEO of Azoria investment company. decided Musk has announced that he will delay listing the Azoria Tesla-Convexity ETF. “creates a conflict with his full-time responsibilities as CEO of Tesla. It diverts his focus and energy away from Tesla’s employees and shareholders.”

“A political party not only fails to complement Tesla’s mission — it actively undermines it,” He said.

Tesla shares have also fallen on Musk’s news. Tesla shares have already fallen by a lot in the past year, as Musk has become more political and Tesla cars became popular. synonymous With support for Trump’s administration

Musk’s political abilities have not been proven in the recent past. Musk is a big donor to the Republican Party but his direct involvement in a Wisconsin Supreme Court election in March 2025 didn’t go well.

Musk helped the Trump campaign to elect Brad Schimel, its chosen candidate. Musk was wearing a shirt when giving public speeches. cheese hat The election was called “a super big deal.” The following is a list of the most popular ways to get in touch with someone. gave away A lawsuit has been filed against the Wisconsin voter who gave two $1 million checks. This raised some eyebrows, even from Republican observers. 

All of them failed. Susan Crawford of the Democratic Party won with a margin of 10%.

Nic Puckrin is a crypto analyst and investor who founded The Coin Bureau. “The only way is down for the US dollar, and Bitcoin prices will always move in the opposite direction.”

Musk will still need to do more than just post about Bitcoins to win the America Party. 

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