Can Elon Musk’s America Party Challenge Trump and Help Crypto Thrive?

Elon Musk is once again at the center of a big debate — but this time, it’s not about Tesla or Twitter. It’s about crypto and politics. With rising public anger against the two main U.S. political parties, Musk may be forming a new group called the “America Party.” This has sparked a new conversation — can he be the next U.S. President? And what will it mean for the crypto market?

According to recent polls , over 43% of Americans identify as independent voters. Out of those, 80.4% supported the idea of a new party that truly speaks for the majority. Musk’s online poll showed massive support, and millions of people now say they feel politically homeless.

Source: X

Can Elon Musk Replace Donald Trump?

In terms of popularity, the numbers are telling. While Donald Trump has around 9.88 million followers on Truth Social and a net worth of $5.1 billion (as per Forbes, June 2025), Musk has a much stronger presence. With a net worth of $381 billion (Bloomberg, May 2025) and 220.8 million followers on Twitter (X), Elon’s reach is far greater. These factors make him a powerful candidate if he decides to enter politics.

Even though third-party runs have failed in the past, Elon’s political views are backed by tech, money, and public trust. People like Stephen A. Smith and Nicole Shanahan have already shown support. The rise of his America Party could challenge the dominance of traditional powers and may mark a new chapter in U.S. politics.

This growing Elon Musk and Donald Trump fight is not just about policies—it’s about vision. Trump supports the controversial “ Big Beautiful Bill ,” while Tesla's CEO has openly opposed it, warning that it could push the country closer to a US recession . This battle could decide the future of both the country and the cryptocurrency space.

Will Elon Musk’s Political Entry Help the Crypto Market?

Many wonder: if Tesla's CEO runs for president, will it be good for crypto? The answer might be yes.

While Trump is also seen as a digital asset supporter , his moves often focus on profit and business gain. He’s known for removing anti-crypto figures and supporting tax cuts, but also for causing market uncertainty. His leadership style often keeps both supporters and critics on edge.

Elon, however, is more community-focused. He supported Dogecoin , upgraded Twitter (X) for users, and recently partnered with Polymarket , a decentralized prediction market that runs on crypto. His actions show a clear interest in making cryptocurrency part of daily life, not just investment tools.

Grok has warned that the U.S. economy is under pressure . In 2025, the national deficit is already at $1.9 trillion, with interest payments on debt higher than Social Security and Medicare budgets. His approach may help prevent a deeper crypto market crash if he brings more stable policies.

Source: X

But nothing is guaranteed. Public feelings can shift fast, especially in the crypto world. A single policy or tweet can crash or pump prices. While he has the tools to support growth, the risk always remains.

Conclusion

The idea of forming a new political party has caught attention across America and beyond. His bold move against Trump and support for crypto-friendly policies are seen as a game changer. While the future is uncertain, one thing is clear: the fight between Donald Trump and Elon Musk is just beginning, and its outcome could change not only U.S. politics but also the entire crypto market.

Disclaimer: This is just for informational purposes and doesn’t advise any financial investment. Do your own research before making any investment.