Bitcoin Gains Political Momentum as Musk’s America Party Backs It
Bitcoin’s political credibility received a major boost after Elon Musk announced that his newly formed America Party would fully support the digital currency. This endorsement builds on earlier momentum initiated by the Trump administration earlier this year.
Nigel Green, CEO of global financial advisory firm deVere Group, said Musk’s move marks a significant turning point for Bitcoin, elevating it from the fringes of financial markets to a central component of national economic policy and mainstream political discourse.
“Musk isn’t acting alone—he’s tapping into a broader trend that began under Trump,” Green explained.
In March, President Trump signed an executive order to create a Strategic Bitcoin Reserve, placing government-seized Bitcoin under permanent federal control. The reserve, jointly managed by the U.S. Treasury and Commerce Departments, is believed to hold over 200,000 BTC—worth tens of billions of dollars—alongside traditional national assets like gold and oil.
Green called this development a “watershed moment” that redefined Bitcoin from a speculative asset to a formally recognized store of national value.
Musk’s pledge to make Bitcoin a foundational part of his America Party’s platform pushes the cryptocurrency further into public and policy discussions, laying the groundwork for future economic agendas centered on digital assets.
Financial markets reacted favorably to the announcement, with Bitcoin prices surging past $109,000, underscoring the growing influence of political developments on its valuation.
“Bitcoin has moved beyond being just a financial asset—it’s now a geopolitical factor,” Green said. “Institutional investors can no longer view it purely in terms of price. It’s about strategic positioning for inevitable structural adoption.”
The ripple effects extend internationally. Nations such as Argentina, Poland, Bhutan, and Pakistan are reportedly exploring their own sovereign digital asset strategies, while central banks across Europe and Asia are watching U.S. policy developments closely.
Green stressed that the U.S. endorsement of Bitcoin—both politically and through policy—forces global institutions to rethink their stance, giving Bitcoin a new level of permanence backed by the world’s most powerful institutions.
For investors, he said this marks a critical window of opportunity. “Those who engage now, with strategic planning and solid structures in place, will be best positioned as Bitcoin enters this next phase of institutional and political adoption,” Green advised.
