On Sunday, Tesla CEO Elon Musk promised that the new «American Party» would support Bitcoin.
Fiat currencies are hopeless, so [let’s support],” Musk said in response to a social media user’s question about the new organization’s attitude toward BTC.
The declared American Party aims to challenge the two-party system of Republicans and Democrats.
When it comes to bankrupting our country through waste and bribery, we live in a one-party system, not a democracy,» Musk tweeted Saturday. «The American party was formed to give you your freedom back.
The new party is being formed because of Musk’s opposition to the $3,4 trillion «Big Beautiful Bill.» The entrepreneur, who previously led the Department of Government Effectiveness (DOGE) to reduce federal spending, called the spending bill a «disgusting abomination.»
The American party has already launched its website, and billionaire Mark Cuban and SkyBridge Capital founder Anthony Scaramucci have already expressed interest in it.
The party has not yet been officially registered with the Federal Election Commission, and Elon Musk has yet to provide any important details. Meanwhile, Trump has already called the idea a failure, as such initiatives have never taken root in the United States.