• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Experts warn Elon Musk's America Party could trigger Bitcoin bombshell amid $37,000,000,000 'emergency'

Home> News

Published 11:29 7 Jul 2025 GMT+1

Experts warn Elon Musk's America Party could trigger Bitcoin bombshell amid $37,000,000,000 'emergency'

The tech mogul's new political venture could spark a massive crypto rally

Rebekah Jordan

Rebekah Jordan

Experts warn Elon Musk's America Party could trigger Bitcoin bombshell.

Many predicted the bromance between Donald Trump and Elon Musk was destined to end badly.

Initially, the duo appeared to work seamlessly together, with the Tesla CEO heading the Department of Government Efficiency while maintaining his role as Trump's most prominent supporter.

However, the breaking point came after Trump's signature 'big, beautiful bill' - which is designed to overhaul America's tax and spending policies.

Advert

This week, Trump's comprehensive spending bill passed the House of Representatives, despite expectations that it will add another $3 trillion to the debt while raising the debt ceiling by $5 trillion.




Advert

Musk announced his exit from the White House to refocus on his business ventures following fierce allegations about Trump's connection to Jeffrey Epstein files.

Now, the billionaire has promised to start his own political party called the 'America Party' to 'give back freedom.'

However, the new venture comes with warnings about the US's financial future that have crypto experts predicting a potential Bitcoin explosion into the 'trillions and trillions.'

“Nothing stops this train,” said Lyn Alden, a financial commentator and founder of Lyn Alden Investment Strategy, referencing the critically acclaimed TV show Breaking Bad.

Advert

Musk described his decision to start the America Party came directly from his fury over government spending and the ballooning $37 trillion US debt crisis. The SpaceX founder has indicated that the increasing deficit of $2.5 trillion is why he’s decided to start the America Party, adding that the US debt will 'bankrupt the country.'




Advert

Taking to his X platform on 5 July, Musk posted: "By a factor of 2 to 1, you want a new political party and you shall have it!

"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.

"Today, the America Party is formed to give you back your freedom."

Meanwhile, public fears over the US debt pile are spreading and echo Musk's previous warning: "The dollar will be worth nothing if the US doesn't do something about its national debt."

Advert

David Friedberg, a host of the influential All In Podcast, which has featured both Musk and Trump as guests, said: "We are in a fiscal emergency in this country, and we’re not addressing it."

“The ‘big beautiful bill’s’ massive fiscal expansion may weaken the dollar and stoke inflation, potentially boosting bitcoin’s 'digital gold’ appeal," added James Toledano, chief operating officer at Unity Wallet.

Whereas Bitcoin investor Lark Davis was even more direct about the opportunity, describing Trump's spending bill as 'one big red flag for fiscal sustainability and one big green flag for risk assets, especially crypto.

Featured Image Credit: Richard Bord / Contributor / Getty
Elon Musk
Donald Trump
Politics
Bitcoin
Cryptocurrency

Advert

Advert

Advert

Choose your content:

13 hours ago
14 hours ago
16 hours ago
  • sophieraiin/Instagramsophieraiin/Instagram
    13 hours ago

    OnlyFans model shows insane yearly earnings as she reveals she made more than LeBron James

    The 20-year-old has a bank balance that will make your eyes water

    News
  • Kevin Dietsch / Staff / GettyKevin Dietsch / Staff / Getty
    14 hours ago

    Elon Musk's $760,000,000 plan to build underground tunnels beneath Houston, Texas

    Instead of soaring to space, he's digging deep into the ground

    News
  • Isbjorn / GettyIsbjorn / Getty
    14 hours ago

    Couples who frequently 'phub' each other are more likely to experience aggression study says

    Go 'phub' yourself

    News
  • Chip Somodevilla / Staff via GettyChip Somodevilla / Staff via Getty
    16 hours ago

    Trump reveals his real reaction to Zuckerberg's $50,000,000,000 Louisiana data center

    Meta's 'mammoth' data center has garnered an intriguing reaction from the president

    News
  • Experts warn Trump's controversial new space policy could actually be illegal
  • What Elon Musk's 'America Party' could mean for future of Trump and his 'manosphere'
  • Bitcoin skyrockets above record $81,000 while Elon Musk warns of ‘financial emergency’
  • Donald Trump breaks silence on Elon Musk's new 'America Party' with brutal statement