A big move came from Elon Musk, who supported President Donald Trump in the last election campaign and was inseparable at the time.
Tesla CEOs Elon Musk and Donald Trump have not had good conditions recently. Musk made a big move against Trump, challenging the two US party systems and establishing political parties.
At this point, Musk announced the establishment of the American Party as the third US administration.
Elon Musk supports Bitcoin!
Musk has taken another step, and announced that the American party will support Bitcoin.
“When it comes to bankrupting our country with waste and corruption, we live in a one-party system, not a democracy. Today, the American party was established to regain your freedom for you,” Musk said.
Musk’s party quickly became one of the main topics on the agenda, but X-user asked if his new party would adopt Bitcoin.
Musk responded to the question by saying, “Just because Fiat is hopeless,” and openly stated that he would support and adopt Bitcoin.
Musk aims to challenge the two-party system of the US with the American party, but he has not yet registered with the Federal Election Commission and no detailed roadmap has been released.
Fiat is hopeless, so yes
– Elon Musk (@elonmusk) July 7, 2025
A harsh statement from Trump!
Elon Musk’s party was one of the most talked about parties on the topic, but Donald Trump also shared it.
In a post about True Society, Trump said the masks were completely off the rails, adding that a third party has never been successful in American history.
“It’s sad to see Elon Musk become completely “from the rail” completely “off” and essentially a train wreck over the past five weeks. He even wants to create a third party in the US, despite their lack of success. The system doesn’t seem to be designed for them.
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*This is not investment advice.
