In the last week, the news that Bitcoin will become a key asset for the newly founded America Party by Elon Musk has caused cross-market reactions and stirred political debate in the United States. The entrepreneur, increasingly active in Washington dynamics, has harshly criticized the fiat system, calling it “hopeless,” and announced a platform that will focus on the economic freedom of citizens.
Fiat è senza speranza, quindi sì
— Elon Musk (@elonmusk) 7 luglio 2025
Elon Musk founds the America Party: Bitcoin and freedom in the spotlight
With an announcement published on the X platform, Elon Musk introduced the America Party as a new political force ready to enter the competition during the upcoming House and Senate elections. The stated goals are clear: to dismantle what Musk calls the “Uniparty,” meaning the strategic convergence between Democrats and Republicans, and to support Bitcoin to return power to the people.
The attack on the fiat system, considered ineffective, is directly reflected in the party’s position on monetary and fiscal issues. According to Musk, a true democracy cannot rest on the foundations of a system dominated by two forces acting as a single power entity. Consequently, the choice of explicit support for Bitcoin is strategic: it draws attention to new decentralized technologies and crypto as potentially revolutionary tools for individual autonomy.
Criticism of the fiat system and Trump’s “Big, Beautiful Bill”
One of the most controversial points raised by Musk concerns the legislative proposal called “Big, Beautiful Bill”, supported by President Trump. According to Musk, this law – which includes tax cuts and structural benefits – could result in job losses and a strategic weakening of the American economy. In his view, despite the apparent appeal of the cuts, these measures could have significant drawbacks both socially and macroeconomically.
The America Party, unlike traditional parties, therefore proposes solutions that start from a different perspective towards the financial future of the country, promoting the spread and use of Bitcoin as a resource to strengthen individual freedom and economic freedom. The criticism of the fiat system remains central: Musk considers it devoid of prospects and unsuitable for the needs of a society aiming for real innovation.
The reaction of the political system: Trump’s skepticism
Musk’s initiative did not take long to provoke a strong response from Donald Trump. The sitting president downplayed the chances of success for a third force, stating that “a third political party has never been successful in the United States.” Furthermore, he questioned the entrepreneur’s sanity, claiming that Musk is “out of his mind” in his attempt to reshuffle the cards of American politics. These statements strongly highlight the establishment’s desire to curb the wave of novelty brought by the America Party, especially on topics like Bitcoin and decentralization.
The disruptive role of Bitcoin in the America Party project
The decision to place Bitcoin at the center of the political agenda represents a clear break from the traditional narrative on currency and fiscal policy in the United States. Musk has repeatedly expressed a favorable stance towards digital assets like Bitcoin and Dogecoin, emphasizing the need for credible alternatives to the centralized control exerted by the dollar.
This choice has been interpreted by many analysts as a “system move,” aimed at winning the vote of younger voters and those who see in the blockchain and cryptocurrencies a more transparent and meritocratic future. Furthermore, rumors have spread of a possible silent accumulation strategy of BTC by Musk, a circumstance that continues to keep tension high in the markets and among the crypto community.
Market Reaction: Bitcoin Soars After the Announcement
Following Musk’s statement, the market reaction was swift. The price of Bitcoin rose rapidly, reaching $109k. This bull signals significant investor confidence in Musk’s ability to garner attention and support through the new party and his explicit endorsement for the adoption of crypto.
Volatility has increased, but the direction has been unequivocally positive, at least in the short term. The enthusiasm of the crypto community and market operators suggests that the politicization of Bitcoin could accelerate its establishment as a mainstream asset, also pushing other political actors to take a stance on the topic.
The future of American politics between Bitcoin and decentralization
The entry of America Party into the landscape of United States politics opens a new front of discussion on decentralization, crypto, and the role of the citizen in national financial dynamics. The explicit support for Bitcoin reveals a vision in which economic sovereignty is central, and where the technological transparency offered by blockchains represents a strategic lever to reduce disparities and promote inclusion.
However, numerous questions remain open about the real ability of a third party to break the established power dynamics. Trump, with the strength of historical precedents, expresses skepticism and hostility, but Musk’s innovative push forces the system to confront an increasingly relevant issue among American voters.
A new evolving scenario
The formation of the America Party, the public support for Bitcoin, and the harsh criticism of the fiat system are changing the benchmarks in the political competition of the United States. The repercussions are already evident both in the markets and in the language of the main leaders, stimulating the debate on the need for more modern and inclusive democratic and economic alternatives.
Looking at the upcoming electoral events, the impact of Musk’s strategy remains to be assessed, but the change is underway. For those who believe in the importance of decentralization and the digital transformation of finance, these events represent a signal that cannot be ignored: the revolution of Bitcoin might not only be economic, but also profoundly political.
