Elon Musk Says His New 'America Party' Will Embrace Bitcoin, Calls Fiat Currency 'Hopeless'
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Musk's America Party Formation: Elon Musk announced the creation of a new political party called "America Party," which aims to challenge the traditional Republican and Democrat parties by advocating for Bitcoin and criticizing current fiscal policies, particularly those proposed by Trump.
Market Reaction and Political Implications: Following the announcement, Bitcoin's price surged, reflecting positive sentiment within the cryptocurrency community towards Musk's political influence; however, Trump's dismissal of third-party movements highlights the historical difficulties such initiatives face in American politics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
