Musk’s America Party may support Bitcoin but still faces third-party pitfalls

Musk's America Party Announcement: Elon Musk has announced the formation of the America Party, which aims to promote centrist policies and Bitcoin, in response to the Trump administration's controversial One Big Beautiful Bill Act that increased federal debt and cut social support programs.

Challenges for Third Parties: Historically, third parties in the U.S. have struggled to gain traction, and experts doubt Musk's ability to succeed given the entrenched two-party system, despite his fame and resources potentially causing disruptions within the Republican Party.