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Elon Musk's American Party may support Bitcoin, but still faces third-party pitfalls.
TSL CEO Elon Musk's rift with President Trump is worsening. On July 5, Musk announced the establishment of an independent American party focused on Bitcoin and centrist policies. This move is fueled by Congress passing the controversial "Great Beautiful Act" of the Trump administration. Musk stated that the act runs counter to the government's initial efforts to cut spending. Although Musk hinted that he still supports Bitcoin, the challenges faced by third-party political movements in American history, along with Musk's own political and business challenges, make the future of this new party uncertain.
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