Investing.com -- Bitcoin has gained more political legitimacy after Elon Musk announced his newly launched America Party will fully back the digital asset, building on momentum started by the Trump administration earlier this year.

According to Nigel Green, CEO of deVere Group, one of the world’s largest independent financial advisory and asset management organizations, Musk’s move signals Bitcoin’s transition from financial market fringe to the core of sovereign-level policy and mainstream political strategy.

"Musk is pushing Bitcoin deeper into public life, but this isn’t a solo effort. He’s stepping into a slipstream that was already building under the Trump administration," Green stated.

In March, President Trump signed an executive order establishing a Strategic Bitcoin Reserve, placing seized Bitcoin into permanent federal custody. This reserve, managed jointly by the Treasury and Commerce Departments, reportedly holds more than 200,000 BTC, valued in the tens of billions of dollars, positioning Bitcoin alongside gold and oil in the United States’ sovereign asset portfolio.

Green described this as a "pivotal moment" that "reframed Bitcoin from a volatile outsider to a recognised store of national value."

Musk’s declaration that Bitcoin will be a core pillar of his America Party extends the digital asset’s reach into public discourse and sets the stage for policy platforms that include digital assets at the center of economic agendas.

Markets responded positively to the news, with Bitcoin climbing above $109,000, demonstrating the asset’s growing sensitivity to political events.

"Bitcoin is no longer a pure market asset, it’s now a political variable," Green noted. "It changes how institutional capital must evaluate it. Exposure isn’t just about price speculation, it’s about positioning ahead of structural adoption."

The implications extend beyond the US, with countries including Argentina, Poland, Bhutan and Pakistan considering sovereign digital asset strategies, while central banks in Asia and Europe monitor these developments.

Green emphasized that as the United States endorses Bitcoin through both policy and politics, it compels global institutions to re-evaluate their approaches, giving Bitcoin "staying power" through the "most influential levers of power."

For investors, Green suggested this presents both urgency and opportunity, stating that those who engage now "thoughtfully and with proper structuring" will be best positioned as this new phase of adoption unfolds.

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