Musk Launches America Party—Will Bitcoin Enter the $100K Era?

- Elon Musk announces new political party and supports Bitcoin adoption - Criticizes U.S. two-party system and calls for freedom-focused innovation According to social media platform X on July 7, Tesla CEO and entrepreneur Elon Musk officially announced the launch of the America Party. Musk stated that the party’s mission is to “return freedom to the people” and criticized both the Republican and Democratic parties as “entrenched systems of waste and corruption.” When asked on X whether the new party would adopt Bitcoin, Musk replied, “Fiat has no future. We will adopt Bitcoin.” The statement signals his intention to integrate Bitcoin into the new party's policy framework and expand its role in the global crypto economy. Musk’s announcement came shortly after the U.S. Senate passed a major tax cut bill. He had criticized the bill for conflicting with his fiscal conservatism, highlighting ideological differences with Donald Trump and reinforcing his desire to break free from the bipartisan structure. Political analysts note that while the America Party marks a bold move, challenges remain. To gain traction as a third force, the party will need substantial funding, public support, and strategies to navigate conflicts with existing power structures. Meanwhile, the Bitcoin market responded positively to Musk’s announcement. As of July 7 (UTC), Bitcoin (BTC) was trading at $109,250.93, with a 24-hour trading volume increase of +1.116%. All eyes are now on how Musk’s pro-Bitcoin stance and the launch of the America Party will influence the future of the crypto market.