Elon Musk is making a strong political shift, viewing Bitcoin as a central tool to combat irresponsible financial policies and centralized monetary control.

He focuses on building the 'America Party' to promote innovation, protect free speech, and cut excessive regulations, while opposing the fiscal stimulus bill which he calls the 'debt slavery bill'.

MAIN CONTENT

  • Bitcoin is central to Elon Musk's new political strategy to address the nuisances of fiat money.

  • He prioritizes running for Congress rather than aiming for the presidency due to restrictions in the U.S. Constitution.

  • The public conflict between Musk and Trump is deepening, reflecting a rift within the conservative faction.

Why does Bitcoin hold a central place in Elon Musk's political vision?

Elon Musk defines fiat money as 'hopeless' and views Bitcoin as a strategic tool to cope with inflation and centralized monetary power. According to the Tesla founder, Bitcoin provides transparency and resilience against unstable fiscal policies.

Bitcoin is not the future, but the present of the global digital economy.
Elon Musk, CEO of Tesla and SpaceX, April 2024.

Both Tesla and SpaceX hold Bitcoin on their balance sheets, demonstrating Musk's long-term commitment to cryptocurrency. He believes Bitcoin will help create a stable financial system, not controlled by centralized organizations, while encouraging innovation based on Blockchain technology.

What does focusing on congressional elections rather than running for president mean?

Elon Musk prioritizes participating in congressional elections to support digital innovation and reduce strict regulations instead of directly running for the White House.

This is partly due to the U.S. Constitution not allowing him to run for president because of his South African heritage. Therefore, Musk is building a centrist force through the 'America Party' to create influence via congressional representatives and promote technology-friendly policies.

How does the public conflict between Elon Musk and Donald Trump affect the political landscape?

The public confrontation between Musk and Trump has intensified, clearly demonstrating the polarization within the traditional conservative faction and the new technology supporters.

Elon Musk is taking an unpredictable turn, making him a 'derailed train' in today's politics.
Donald Trump, former President of the United States, speaks at Truth Social, May 2024.

Musk accuses Trump of abandoning the political center and calls for the establishment of a party for the 80% of voters in the middle, reflecting the rising influence of young groups and cryptocurrency investors seeking new representation outside the two major parties.

What are the notable behind-the-scenes proposals and political ambitions of Elon Musk?

Before launching his own political party, Musk was approached by many political figures to propose alliances, but he proactively declined to focus on challenging the fiscal stimulus bill supported by Republicans.

Musk criticizes the two major parties in the U.S. as a 'uniparty' for lacking substantial differences. While there is speculation about presidential ambitions, legal barriers force him to seek a more viable political path through congressional elections.

Frequently Asked Questions

  • Is Elon Musk really forming a new political party?
    The Tesla and SpaceX chief is heading towards establishing the 'America Party' but has not officially filed with the FEC.

  • What role does Bitcoin play in Musk's political strategy?
    Bitcoin is seen as a tool against inflation and the center of Musk's financial innovation vision.

  • What position does Musk intend to run for?
    He prioritizes participating in congressional elections, not running for president due to U.S. constitutional regulations.

  • What is the cause of the public conflict between Musk and Trump?
    Disagreements over fiscal policy and political direction have led to a fierce confrontation between these two figures.

  • Does Elon Musk receive support from other politicians?
    He has been offered alliances from many figures but focuses on building his own strategy with the 'America Party'.

Source: https://tintucbitcoin.com/elon-musk-sang-lap-dang-trung-dung-my/

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