The CEO and Tech Tenkat, Elon Musk, officially confirmed that his newly formed political party, The America Party, will accept 
BTC ▲ 0.84%.
Responding to an X user who asked if his party would kiss BTC, Musk replied without any doubt:
“Fiat is hopeless, so yes.” – Elon Musk
Presented as a jailbreak of the democratic-republican duopoly, the announcement of the American party came next to a sudden increase in Dogecoin. Whether it is coincidence or calculated, the signal was clear that Musk always has a huge swaying of the crypto market.
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The history of Tesla bitcoin and the legacy of Musk’s cryptography
Elon Musk made waves at the beginning of 2021 by picking $ 1.5 billion from the Tesla Treasury in Bitcoin. Quick advance, the Tesla 11,509 BTC Stash is now about $ 1.26 billion, which is enough to place it ninth among public companies holding Crypto.
While the company briefly accepted the BTC for vehicle payments, it then interrupted the program by invoking environmental concerns. However, the infrastructure for future integration could always be at stake.
Just in: Elon Musk said his new political party would embrace #Bitcoin
“Fiat is desperate” pic.twitter.com/lgpfeugtvs
– Bitcoin Magazine (@bitcoinmagazine) July 7, 2025
Musk’s decision to launch a new political party comes in the middle of growing tensions with former President Donald Trump. The friction degenerated after Trump unveiled his “One Big Beautiful Bill”, an proposed economic plan which should add 3.3 billions of dollars to the American national debt.
“Very crazy and destructive.” – Elon Musk
Political rift with Trump on crypto and debt
Musk began his separation from Trump when he questioned the logic of launching initiatives aimed at reducing debt while inflating it simultaneously with such policies.
“When it comes to going bankrupt our country with waste and transplants, we live in a single party system, not a democracy,” Musk posted online shortly after criticizing the monument of Trump “ Big Beautiful Bill ”.
These comments reflect a broader dissatisfaction with the two political parties and have laid the foundations of the Musk America Party, which he describes as the one who “In fact, cares about people.”
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Dogecoin Price increases on political speculation
The cryptography market quickly responded to Musk’s political movement. Dogecoin joined more than 5% after the announcement, from $ 0.163 to $ 0.171.
The negotiation volume exceeded $ 1.1 billion, with whale wallets accumulating Doge aggressively, even if smaller holders have sold positions.
Bitcoin is comfortably seated above $ 108,000, but the largest configuration can be geopolitical. The renewed cryptographic activity of Musk, combined with rumors of Fed Dovish, all referring to a convergence of forces which could light a fire under BTC in the coming months.
Explore: CEO of Tether Paolo Ardoino hopes that the positive net of the American elections, says that Bitcoin, the strategic reserve is an excellent idea: 99Bitcoins exclusive
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Main to remember
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The CEO and Tech Monkign, Elon Musk, officially confirmed that his newly formed political party.
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All eyes are on Powell this month. While inflation persists and labor metrics soften.
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