Musk responded to community questions: "Fiat currency has no hope, the US party will support Bitcoin"

On Platform X, when asked by community users whether the American Party supports Bitcoin, Elon Musk, a technology entrepreneur and founder of the American Party, gave a clear answer: "There is no hope for fiat currency, so we will support it." This statement quickly sparked heated discussions in the cryptocurrency community and once again demonstrated Musk's long-term attention to Bitcoin and decentralized finance.

On June 6, 2025, American entrepreneur Elon Musk claimed that he was considering establishing a new political party. According to the survey results, 80% of people voted in favor. On July 5, local time, Musk posted on the social media platform X that the "American Party" was established on that day to give people freedom. The "American Party" aims to "break the existing party structure, promote technological innovation and financial reconstruction." As one of the only core propositions publicly stated by the party, Musk emphasized that its political philosophy will revolve around "freedom, a technology-led future and responsible government spending."

Although this speech was brief, it was regarded as the first public confirmation of the American Party's position in the field of digital currency. Musk has long been critical of the inflation of fiat currency and the monetary policy mechanism behind it, and has expressed interest in crypto assets such as Bitcoin, Ethereum and Dogecoin on many occasions. His Tesla company purchased Bitcoin as a company reserve asset in 2021, and has since accepted cryptocurrencies as part of the payment method.

As Bitcoin is included in asset allocation by more institutions, stablecoins and central bank digital monetary policies are becoming increasingly active, and crypto assets have become an important issue in the US political, financial and regulatory levels. Musk's public statement may indicate the future tendency of the American Party in formulating digital monetary policies. The outside world is generally concerned about whether the American Party will further promote Bitcoin as a legal means of payment, support tax cuts, and reform existing financial supervision.