According to Elon Musk, his newly proposed 'America Party' will support bitcoin. The party, which is still in its formative stages, is a centrist, pro-technology organization that Musk plans to establish following his public split from President Donald Trump. Musk expressed his intention to adopt bitcoin on the X platform.
As a long-time advocate for cryptocurrencies, Musk's companies, including SpaceX and Tesla, already hold bitcoin in their corporate reserves. The rift between Musk and Trump originated from their disagreement over the 'Big Beautiful Bill', which Musk has denounced as fiscally reckless, labeling it the 'debt slavery bill'. Musk's vision for the America Party involves promoting a pro-technology, free speech, and deregulation agenda, with centrist policies in other areas.
Although the party has not been officially registered and lacks a website, its ideology can be gleaned from Musk's posts and the re-tweets of his supporters. Musk has stated that the party will not initially field a presidential candidate, instead focusing on House and Senate elections. In response, Trump posted on Truth Social that Musk has become 'off the rails' and a 'TRAIN WRECK'.