Elon Musk announced the launch of a new political party that will support Bitcoin. This initiative has sparked mixed reactions, including from U.S. President Donald Trump.
Launch of America Party
Elon Musk conducted a poll on platform X to gauge support for a new political party. Over 1.24 million votes were cast, with 65.4% of respondents expressing a desire to create the America Party to challenge the existing two-party system.
Musk's Support for Bitcoin
After Musk confirmed support for Bitcoin through his new party, the cryptocurrency's price rose by 1%, reaching $109,169.72. Musk is known for his advocacy of cryptocurrencies, claiming that 'fiat is hopeless'.
Conflict with Trump
The launch of the America Party came against the backdrop of disagreements between Musk and President Trump. Trump criticized Musk, stating that he has 'gone completely off the rails' and that attempts to create a third party in the U.S. have historically been unsuccessful.
Elon Musk's initiative to create the America Party and support Bitcoin has triggered public discourse on the future of the U.S. political system and the role of cryptocurrencies.
