Tesla’s CEO confirmed that the new party would support Bitcoin, describing official currencies as “hopeless”.
In the midst of his dispute with President Trump, Elon Musk launched his new political project under the name of “America Party”, stressing that this alternative to the domination of democratic and republican parties will support Bitco-BTC; In a series of tweets on the X platform (formerly Twitter), the CEO of Tesla (Tesla) confirmed that the new party would provide support for prominent digital currency, describing the status of traditional currencies as “hopeless”.
Fiat is hope, so yes
– Elon Musk (@elonmusk) July 7, 2025
After a survey on the X platform, Musk announced the creation of its new political party last Saturday, explaining that the American party aims to approach the exacerbation of the national debt, which was in place, whatever the ruling party, and told its 221.8 million followers of its supporters.
Musk also criticized Trump 940-Page’s bill, which he described as “the big and beautiful bill”, which includes tax exemptions and a major reduction in expenses, warning that this can lead to jobs and harm strategic interests, triggering a conflict with the administration of President Trump.
In another series of tweets, Musk explained that “with regard to the bankruptcy of our country due to excessive expenses and corruption, we live under the aegis of the single system, not of democracy. Today, the American party has been trained to restore your freedom. ”
In collaboration with this, Trump wrote on the social media platform “Truth Social”, saying that the third project of political parties has long been required to fail in the United States, adding that Elon Mask “has been completely controlled” and has become a “disaster walking on two feet” in recent weeks.
The relationship of the American party of America with Bitcoin: what does that mean for digital currency?
Musk explained that his party will support Bitcoin and focus on mid-term elections in the House of Representatives and the Senate, to go from $ 108,735.07 to $ 109,361.29 and is exchanged at the deployment time to $ 109,160.
Mask has always taken place since 2014 with his vision of support from various digital currencies, in particular Bitcoin and Dogoin, and described one of his disciples as a “strong and promising sign” of Bitcoin because of the impact of the mask on the sector and its current support for the currency of the political party.
This comes in the middle of the speculation that started on July 2 with the continuation of Elon Mask to collect Bitcoin Bitcoin balance quietly when a digital currency account on the X platform indicated that the commitment of silence of silence on the leader of the sector recently, while another indicated that the mask could continue to “collect the balances of the Bitcoin recently”.
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