Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Tuesday, July 8th, and today we are talking about Elon Musk's Bitcoin Party.

Before we get into that, however, if you're enjoying the breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the breakers discord. You can find a link in the show notes or go to bit.ly.

All right, friends, welcome back to the show notes or go to bit.ly slash breakdown pod.

All right, friends, welcome back to the show.

Well, here we are, 2025 and Elon Musk's new political party will support Bitcoin.

Over the weekend, Elon took the next step in his political journey, announcing the formation of the America Party.

After a July 4th, Twitter poll came back with two-thirds support, Musk posted,

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

democracy. Today, the America Party is formed to give you back your freedom. Now, this is clearly

a strong reaction to the so-called Big Beautiful Bill, which Musk had earlier referred to as a

disgusting abomination. It's not clear how real the

America Party will be as they're yet to file with the FEC. Still, as Elon says, the most entertaining

outcome is the most likely, so it's worth taking the announcement at least a little bit seriously.

President Trump is certainly treating this as a real thing that might happen. In response to the

announcement he posted, I am sadden to watch Elon Musk go

completely off the rails essentially becoming a train wreck over the past five weeks. He even wants to

start a third political party despite the fact that they have never succeeded in the United States.

The system seems not designed for them. The one thing third parties are good for is the creation

...