Elon Musk’s America Party to Accept Bitcoin for Political Donations

Tesla CEO and tech billionaire Elon Musk has confirmed that his newly launched political party, the America Party, will accept Bitcoin, marking a significant step for crypto in US politics. When asked on X if his party would embrace BTC, Musk simply replied, “Fiat is hopeless, so yes.”

Musk is no stranger to Bitcoin, with Tesla holding 11,509 BTC worth around $1.26 billion, making it the ninth-largest publicly traded company with Bitcoin reserves. Tesla initially purchased $1.5 billion in BTC under Musk’s leadership in 2021, signaling early institutional confidence in the cryptocurrency

While Musk has often voiced support for Dogecoin, his embrace of Bitcoin for political donations places the cryptocurrency at the center of a growing conversation about campaign finance and decentralized money in US elections.

Bitcoin for Political Leverage

Samson Mow, founder of Jan3, noted that Musk’s decision could give him an edge over President Donald Trump in their ongoing public feud. Mow suggested that Tesla should resume accepting Bitcoin for vehicle purchases and that Musk’s SpaceX could consider offering discounts to customers who pay with BTC.

In the past, Musk has shown a complicated relationship with Bitcoin. In 2021, he argued that Bitcoin’s price was “too high,” leading to a dip in its value. He also rejected the idea of using Bitcoin on Mars due to slow transaction times but later entertained the use of a localized Lightning Network to enable faster payments.

Feud with Trump Deepens Amid America Party Launch

Musk’s decision to form the America Party follows a heated disagreement with Trump over the “One Big Beautiful Bill,” which Musk labeled “destructive.” The bill is projected to add $3.3 trillion to the national debt over the next decade, and Musk questioned how Trump’s initiatives could reduce the debt while simultaneously increasing it by trillions.

After more than 1.24 million people voted on Musk’s poll, with nearly two-thirds in favor, he announced the creation of the America Party, stating that the US “needs a party that actually cares about the people.” He further criticized the US system as a “one-party system” when it comes to wasteful spending.

In response, Trump has warned that Musk’s new party could fracture the Republican vote in the 2026 US midterm elections, escalating the tension between the two figures as Musk positions himself as a disruptive political force willing to bring Bitcoin into the heart of American politics.

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