Musk Says America Occasion Will Embrace Bitcoin, Trump Slams Him

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Musk To Problem Two-Occasion System Trump Says Musk Has Gone “Off The Rails”Associated Articles:

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US President Donald Trump blasted Elon Musk as “off the rails” after the Tesla CEO launched the America Occasion and confirmed it will help Bitcoin.

Responding to a consumer on X who requested whether or not the brand new political celebration would embrace Bitcoin, Musk replied that “Fiat is hopeless, so sure.”

The Bitcoin worth rose round 1% after the remark to commerce at $109,169.72 as of two:25 a.m. EST.

Musk has lengthy been a vocal supporter of crypto, and Tesla holds over $1 billion in Bitcoin on its stability sheet, based on Bitcoin Treasuries. He’s additionally earned the nickname “DogeFather” for his help of Dogecoin.

Musk To Problem Two-Occasion System

Musk ran a ballot on X on July 4, which can also be Independence Day in America, to gauge whether or not there’s help for a brand new political celebration.

Independence Day is the proper time to ask if you need independence from the two-party (some would say uniparty) system!
Ought to we create the America Occasion?
— Elon Musk (@elonmusk) July 4, 2025

Over 1.24 million votes have been solid, with an amazing 65.4% supporting a brand new political celebration to problem the present two-party system.

Trump Says Musk Has Gone “Off The Rails”

Musk’s launch of the America Occasion comes after a dispute with US President Donald Trump, who the Tesla CEO had assisted in slicing down authorities spending by means of the Division of Authorities Effectivity (DOGE).

Trump and Musk clashed when the President launched his so-called “Huge, Lovely Invoice,” which was signed into regulation the identical day Musk ran his ballot.

Musk mentioned the invoice is “completely insane,” and that it provides “handouts to industries of the previous whereas severely damaging industries of the long run.”

SIGNED. SEALED. DELIVERED. 🧾🇺🇸
President Trump’s One Huge Lovely Invoice is now LAW — and the Golden Age has by no means felt higher. pic.twitter.com/t0q2DbZLz5
— The White Home (@WhiteHouse) July 4, 2025

“I’m saddened to observe Elon Musk go utterly ‘off the rails,’ basically turning into a TRAIN WRECK over the previous 5 weeks,” Trump mentioned on his Reality Social platform on Sunday. “He even needs to start out a Third Political Occasion, even though they’ve by no means succeeded in america.”