On July 7, 2025, Elon Musk, the CEO of Tesla and SpaceX, made a loud announcement, declaring the formation of a new political party called "Party of America." According to him, the party will support Bitcoin, as fiat currencies are "hopeless" due to inflation and centralized control. Musk emphasized that $BTC , as a decentralized digital currency, could become the foundation for financial freedom and economic stability.
This announcement sparked lively discussions in the crypto community. Posts highlighting Musk's position appeared on platform X, notably from @coinedition_ru and @WuBlockchainRU. Experts believe that support for Bitcoin could stimulate its growth, although the current price remains stable around $100,000 due to selling pressure, as noted by Charles Edwards of Capriole Investments. Critics point to the volatility of cryptocurrencies and the risks for investors.
Musk also hinted that his party would challenge the U.S. two-party system, but it is not yet registered with the Federal Election Commission. This news fuels interest in Bitcoin as an alternative to traditional finance.
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