Bitcoin has finally stormed into big politics. Elon Musk has announced that his new America party would officially support digital assets. The pro-crypto rhetoric is a central pillar in his political agenda, something like “everything for blockchain, and a little for the people.”

DeVere Group CEO Nigel Green believes this move is not just another marketing stunt—it is direct confirmation that Bitcoin is no longer just about investment, but about sovereign power. In his words, the flagship crypto has been morphing from an exotic financial instrument into a “national value instrument” and, importantly, spreading into a political agenda.

Back in March, Donald Trump signed an executive order to create a strategic Bitcoin reserve. It sounds like science fiction, but we are talking about 200,000 BTC now stored in a federal vault alongside gold and oil. Obviously, Elon Musk is just exploiting the crypto hype.

In his statement, Musk defined Bitcoin as the cornerstone of his party’s economic platform. In that sense, he is expanding the “political capital” of the asset, signalling that blockchain is now running for office as well. The market responded, and Bitcoin’s price spiked above $120,000, a reminder that it is still sensitive, especially to the mix of hype and power.

“Trump thinks Musk has gone crazy.” Musk thinks Trump has gone off-budget. Especially after the Big Beautiful Bill, a piece of legislation Musk called “disgusting,” which Trump signed with a big grin. The bill includes increased defense spending and $4 trillion in tax cuts. Musk has a longstanding personal issue with such numbers: he used to run the Department of Government Efficiency (DOGE), and this kind of generosity rubs him the wrong way.

The new party still lacks details: no registration with the commission, no roadmap—just a website and enthusiasts like Mark Cuban and Anthony Scaramucci. However, in crypto-politics, that is already half the battle.

Interestingly, Musk once promised that he would no longer promote cryptocurrencies. But, apparently, politics makes everyone revise their stance, especially when politics lets them build blockchain into the Treasury Department.