In a surprising turn that could have far-reaching consequences for both politics and global markets, billionaire entrepreneur Elon Musk has announced that he may form a new political party in the United States. This bold move hinges on whether Congress, led by Republicans, passes President Donald $TRUMP 's “One Big Beautiful Bill” — a controversial proposal centered on tax breaks and cuts to healthcare and food assistance programs.
Musk, known for influencing everything from cryptocurrencies to space tech, has been vocally critical of the bill over the past month. His comments have sparked major buzz on social media, especially among investors who monitor his statements for market signals.
This potential political pivot comes at a time when the crypto market is already highly reactive to geopolitical shifts. Traders should keep a close eye — if Musk follows through, expect volatility not only in political circles but possibly across major cryptocurrencies and tech stocks.
Could this be another $DOGE coin-style ripple across the markets? Only time will tell.
