# Musk's New 'America Party' Will Support Bitcoin

*Author: Bankless*
*Published: Jul 7, 2025*
*Source: https://www.bankless.com/read/musks-new-america-party-will-support-bitcoin*

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Elon Musk announced the creation of the 'America Party,' a political initiative that will actively promote Bitcoin and challenge the current U.S. political structure.

## **What’s the Scoop?**
- **Bitcoin Support**: Elon Musk announced his new political venture, the America Party, which will embrace Bitcoin as part of its platform.
- **Challenge to Two-Party System**: The party aims to disrupt the entrenched Democratic and Republican parties, positioning itself as an alternative.
- **Fiat Criticism**: Musk dismissed fiat as 'hopeless,' indicating strong ideological support for decentralized and digital currencies.
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