In a series of posts on X over the weekend, Musk described the initiative as a response to what he sees as bipartisan mismanagement of the nation\u2019s finances \u2014 and confirmed that Bitcoin would play a role in the party\u2019s economic philosophy.<\/p>\n
When asked by an X user whether the America Party would support Bitcoin, Musk replied, \u201cFiat is hopeless, so yes,\u201d suggesting<\/a><\/strong> a clear alignment with decentralized financial principles and a rejection of inflation-prone fiat currency systems.<\/p>\n Musk formally introduced the party on Saturday after gauging interest through an X poll. In his announcement, he criticized both Republicans and Democrats for contributing to unchecked government spending, writing: \u201cWhen it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.\u201d He added that the America Party is being created to \u201cgive you back your freedom.\u201d<\/p>\n The launch comes amid growing friction between Musk and former ally Donald Trump, particularly over Trump\u2019s recently signed $3.4 trillion \u201cBig, Beautiful Bill,\u201d a massive spending package Musk has condemned for deepening the U.S. deficit.<\/p>\n