Musk Advocates America Party Will Support Bitcoin And Declares ‘Fiat Is Hopeless’
- Musk said the America Party will support Bitcoin since fiat is hopeless in today’s system.
- Trump warned BRICS nations they will face a 10% tariff with no exceptions at all.
- India rejected the BRICS currency plan and chose to keep using the US dollar globally.
Elon Musk claims that the America Party emerged after Musk’s split with President Trump over the “Big Beautiful Bill,” is the solution in response to a post on X saying centrism is now seen as radical. Musk also mentioned, “Fiat is hopeless,” confirming a pro-Bitcoin foundation.
Elon Musk has also been a supporter of cryptocurrency for a very long time, as both SpaceX and Tesla have included Bitcoin in their corporate treasuries. Must condemned the “Big Beautiful Bill,” as fiscally reckless and dubbed the “debt slavery bill”. This became the primary cause for the emergence of America Party.
Although the America Party has not yet been formally registered, Musk outlined clear intentions. He noted that the party will not field a presidential candidate in the immediate future but will instead focus on congressional elections. According to his posts and shared tweets, the party plans to champion pro-tech, pro-free speech, and anti-regulation principles. It is expected to adopt centrist policies on issues outside of technology and monetary reform.
Currently, no official website or manifesto exists for the America Party. As of now, all known positions stem from Musk’s personal posts and endorsements. His vision places digital currency, particularly Bitcoin, at the center of economic discussions. With strong support from the tech and crypto communities, the America Party may become a serious contender in reshaping U.S. political priorities in future elections.
Steep Tariffs For BRICS Aligned Countries
While Musk discussed innovation, President Donald Trump issued a hardline policy statement. On Truth Social, Trump declared that any country siding with BRICS and its “anti-American” policies would face a 10% additional tariff. His message read, “There will be no exceptions to this policy!” The announcement was released just hours after Musk’s political statements, further intensifying geopolitical discourse.
Trump justified the move as a necessary economic measure to protect U.S. interests. He also warned that tariffs could increase up to 50% by August 1 if affected countries fail to reach agreements with Washington. The policy appears to be part of Trump’s broader trade doctrine, using economic penalties to enforce U.S. global standing.
The BRICS coalition—Brazil, Russia, India, China, and South Africa—responded with unified criticism. Leaders from the group condemned Trump’s declaration as “indiscriminate” and said it violated World Trade Organization rules. They expressed deep concern that these actions distort international trade and may hinder long-term global development. The statement reflects rising tensions between Western powers and emerging economies.
Related: Trump’s “One Big Beautiful Bill” Sparks Clash Over Crypto, Rates, and Subsidies
BRICS currency debate and India’s dollar loyalty
For several years, BRICS countries have considered creating a shared currency to reduce their dependence on the U.S. dollar. This plan gained renewed momentum after the West imposed sanctions on Russia. Both Russia and China have strongly supported de-dollarization as a tool for independence.
However, India has taken a different stance. Instead of backing the BRICS currency idea, India reaffirmed its commitment to using the U.S. dollar in global trade. Reports from World Affairs confirm India’s position is based on strategic trade considerations. India aims to preserve strong economic ties with the U.S. rather than join efforts that could strain those relations.
India’s refusal to adopt a BRICS currency shows clear divisions within the alliance. It also strengthens the U.S. dollar’s role as the leading global trade currency. As geopolitical dynamics shift, India’s decision may influence other nations’ positions on the dollar versus local currency blocs.
