Musk announces that the American Party will embrace Bitcoin: fiat is already beyond saving.

Elon Musk's recent political bombshell regarding the establishment of the "America Party (" has sparked heated discussions. Now, this tech mogul has publicly stated that the new party will embrace Bitcoin and has expressed his "complete disappointment" with fiat currency. This news of a tech nouveau riche stepping into the political arena is rapidly gaining traction and is expected to bring about new political changes during the 2026 midterm elections.

)Elon Musk announces the establishment of the "American Party"! Aiming to challenge the bipartisan politics for key congressional seats (

Musk declares "Fiat is dead": The American party will embrace Bitcoin.

This morning, a user on X asked Musk whether the "American Party" would embrace Bitcoin. Musk directly responded: "Fiat currency is doomed, so yes."

This is not just his personal critique of traditional finance and monetary policy, but also a declaration of political stance. For him, the US dollar and the traditional financial system seem no longer trustworthy, while the anti-monopoly Bitcoin may have become a currency and governance symbol worth embracing.

As soon as this was said, it immediately stirred ripples in the online community. To some extent, the decentralized nature of Bitcoin coincides with Musk's political appeal to "break the two-party monopoly and return to freedom." However, more importantly, "embracing Bitcoin" has also become a strategy for mobilizing voters, attracting young voters and liberal supporters.

Breakup Trump: Can Tech Tycoons Challenge Political Veterans?

One key proposal of Musk in establishing the American Party is to "shake up the situation with limited seats." He pointed out that the party would not participate in all elections but would focus on securing 2 to 3 Senate seats and 8 to 10 House seats, becoming a critical minority in Congress. He believes that this would be enough to cast a deciding vote on major bills, preventing the United States from heading towards fiscal collapse and political corruption.

The reason is that a few days ago, Trump signed the "One Big Beautiful Bill Act )" which raised the U.S. debt by $3.3 trillion, and Musk decided to go independent because he strongly opposed this budget:

Today, the American Party was established with the aim of restoring your freedom. This ensures that the law truly represents the will of the people.

This is not only a political declaration of war but also a strategic action against the two-party system.

( Trump signed the "Big and Beautiful"! Musk blasts Trump’s budget plan: calls it the "Debt Slavery Act" )

Trump: Establishing a third party is ridiculous and will only add to the chaos.

Despite the fact that Musk was once an important financier for Trump, their relationship has taken a sharp downturn. Trump first threatened on Truth Social to cancel the government contracts for Tesla and SpaceX, and threatened to expel Musk back to South Africa; this morning he even publicly stated to reporters:

I think it's ridiculous to establish a third party; it has always been a two-party system, and creating a third party will only add to the chaos. I'm very sad to see Musk completely "derailing" now; it's basically been a train wreck for the past five weeks.

However, there is currently no clear evidence that Musk has submitted party registration documents, and he himself has denied any official application to the election commission. However, given his reputation and financial power, he is also expected to have a substantial impact on the 2026 U.S. midterm elections, which has sparked public curiosity about whether this political experiment led by Musk can truly be effective.

This article announces that Musk declares the American Party will embrace Bitcoin: fiat currency is doomed. Originally appeared on Chain News ABMedia.