based on materials from the website - By Coincu
Elon Musk announced the creation of the American Party on July 5, 2025, which is a step aimed at reforming the political system of the United States.
Musk's statement emphasizes his intention to challenge the two-party dynamic by leveraging public opinion that favors a new political formation.
Elon Musk announces the creation of the American Party to undermine U.S. politics.
American billionaire Elon Musk announced the creation of the American Party on July 5, 2025. The initiative came after Musk criticized the current political system as inadequate, stating that it resembles a monopoly more than a democracy. 'In a 2 to 1 ratio, you want a new political party, and you will get it! When it comes to bankrupting our country through waste and bribery, we live in a one-party system, not a democracy. Today, the American Party is created to give you back your freedom.' - Elon Musk on Twitter
Musk's statement rethinks the political discourse, highlighting independence from the two-party structure. A social media poll showed that 65.4% of the population supports the new party, indicating a significant thirst for change among voters. Such figures could inspire further developments in U.S. politics.
There was no immediate reaction in the cryptocurrency markets. Although key figures and financial sector institutions have yet to comment, Musk's move remains closely tied to traditional political dynamics rather than blockchain or the digital asset movement.
Bitcoin's dominance is unaffected despite political upheavals.
Did you know? With a dominance of 64.66%, Bitcoin remains unchanged due to political events, reflecting the consistent neutrality of third-party launches in financial markets.
According to CoinMarketCap, Bitcoin is currently trading at $108,158.70, with a market capitalization of $2.15 trillion. It recently rose by 6.31% in 24 hours, and the 90-day change reached 38.99%. Analysis of historical trends shows that Bitcoin's dominance remains intact despite these political shifts.
According to the Coincu research group, while Musk's new party may change the political landscape of the U.S., no financial consequences in the crypto sphere are expected. Experts emphasize that while the formation of the American Party is a significant disruption, it remains isolated from technology-oriented investment strategies.
$BTC , $TON , $SUI
#MarketRebound , #TrumpVsMusk
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