Elon Musk said on his social-media platform X that the newly created America Party “will embrace Bitcoin,” adding that “fiat is hopeless.” The statement, posted in the early hours of 7 July, aligns the nascent political group with the largest cryptocurrency and signals that digital assets could feature prominently in its policy platform. Musk announced the America Party two days earlier as an alternative to what he called a Republican–Democrat “uniparty.” He has indicated the group will focus on winning a handful of House and Senate seats in the 2026 midterm elections rather than fielding a presidential candidate, positioning itself as a centrist, pro-technology bloc capable of tipping close votes in Congress. The tech billionaire’s businesses already have substantial exposure to digital assets. Public filings and market trackers show Tesla and SpaceX together hold roughly 19,800 bitcoin, valued at about $2.1 billion at current prices. Bitcoin changed hands near $108,600 on Monday, extending a rally that has made the token one of the year’s best-performing major assets. Musk’s comments deepen an escalating feud with President Donald Trump, who has criticized the entrepreneur since signing the so-called “Big Beautiful Bill,” a spending package Musk says will exacerbate U.S. debt. The White House has downplayed the potential influence of the America Party, but Musk’s latest remarks suggest he intends to make fiscal policy—and now cryptocurrency—a central part of the debate ahead of 2026.