Elon Musk has once again taken the global markets by storm by announcing the launch of a new political party. This party, referred to as the America Party, has been launched to counter Trump’s “One Big Beautiful Bill,” which, according to Musk, adds more fiscal pressure on the US.

Musk has consistently expressed his concerns about the rising US debt and has recently criticized Trump over his OBB bills, arguing that they put pressure on the US economy from a monetary perspective. At the same time, Musk has now delivered another statement, adding how his party is ready to embrace Bitcoin in a new attempt to adopt financial innovation. Will this move help BTC score a new high? What are the odds? Let’s find out.

Also Read: This Bitcoin Investor Turned $7800 Into $1 Billion: Can You Too?

All About Musk’s America Party

Bitcoin Growth Plan — Source: Watcher.Guru

Bitcoin is undoubtedly one of the most successful cryptocurrency coins to exist in the space today. The world is slowly pivoting towards the world of crypto, the process of which started the moment Donald Trump became the 47th US president of America. However, things have now started to take an unprecedented turn, with the Musk-Trump feud reigniting with renewed force.

Musk is vehemently opposing Trump’s One Big Beautiful Bill, adding that it will put the US economy under extreme fiscal pressure. Moreover, Musk stated how this bill is poised to increase government spending, which again, will prove detrimental for the US economy.

Musk has vowed to launch his own political party, “America Party,” if Trump greenlights the OBB bill. Musk took to X to share the launch of his new America party, detailing how it has been formed to deliver “freedom” to America.

By a factor of 2 to 1, you want a new political party and you shall have it!

When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.

Today, the America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN
— Elon Musk (@elonmusk) July 5, 2025

“By a factor of 2 to 1, you want a new political party, and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom.”

Musk X Bitcoin’s Factor: What’s Happening

In the meantime, Musk has given an explosive statement on X, which could deliver a catalytic momentum to Bitcoin. When asked whether Musk’s new political party will embrace “Bitcoin,” Musk responded yes, claiming that fiat has now become “hopeless.”

“@elonmusk, will the America Party embrace Bitcoin? “Fiat is hopeless, so yes.”

Fiat is hopeless, so yes
— Elon Musk (@elonmusk) July 7, 2025

If Tesla’s CEO ends up embracing Bitcoin full-time, per GPT, Bitcoin could score a new high of $150,000 if Musk ends up specifically putting BTC to some crucial administration use.

“If Elon links Bitcoin to national policy (e.g., payments, taxes), it could trigger massive retail FOMO and mainstream adoption.”