#ElonMusk launches the "America Party" to influence Congress
Tech magnate Elon Musk has initiated the "America Party", a political party that aims to secure between 2 and 3 seats in the Senate and between 8 and 10 in the House of Representatives in key districts across the United States. Musk's strategy diverges from traditional third-party approaches, focusing on having limited but impactful influence in Congress.
Musk's strategy: strategically assigning seats
Musk's plan seeks to alter the legislative dynamic through the strategic assignment of seats, leveraging the resources of the X platform and political action committees (PACs). This could allow him to have a significant impact on decision-making in Washington.
Reactions in cryptocurrency markets
Meanwhile, cryptocurrency markets have reacted to this political shift. According to #CoinMartketCap , the price of $BTC has reached $108,796.68, with a 24-hour trading volume of $33.49 billion. Although its price variation over 60 days recorded an increase of 13.00%, some experts believe that moves like Musk's can generate financial uncertainty.
A lasting impact?
According to the Coincu research team, these political initiatives can generate volatility, but rarely reform entrenched systems without substantial popular support. Can the "America Party" achieve a lasting impact in Congress and the cryptocurrency markets?