Elon Musk recently announced the launch of his new political party, America Party, which will fully support Bitcoin. This decision marks a new step in his political career and a long-standing fight against traditional political structures.
Launch of America Party and Bitcoin Support
America Party was officially introduced two days ago, with Musk expressing his intention to support Bitcoin by stating on platform X: "Fiat is hopeless."
Conflict with Donald Trump
Recently, Donald Trump referred to Musk as a "train wreck," adding tension to their relationship. Musk also criticized Trump for moving away from centrist positions and conducted a poll among his followers regarding the need for a new party to represent "the 80% in the middle."
Political Ambitions and Legal Challenges
Elon Musk aims to promote America Party despite his South African heritage, which legally prohibits him from running for the U.S. presidency. He also faces numerous legal hurdles to gain ballot access in various states.
Thus, the America Party launched by Elon Musk represents an attempt to create an alternative to the two existing parties, but it encounters several legal and social obstacles that may affect its success.