Musk's party-building storm: an 'American Party' with 80% public support is rewriting the power rules in the crypto space!
The politically polarized Washington and the 80% silent majority are being packed into Musk's new party blueprint, with the crypto space becoming the first resonance zone.
Elon Musk has once again dropped a nuclear bomb on the American political system. On July 1, he publicly criticized Trump's 'Big and Beautiful' bill for creating $5 trillion in crazy debt, calling for 'it’s time to establish a new political party that truly cares about the people.' This was only a month after he initiated a public vote to establish the 'American Party' (The America Party) in early June, when 80.4% of netizens voted in favor.
When political gambles collide with the crypto revolution, a chain reaction reshaping the power structure in the crypto space has quietly begun.
I. The American Party and the crypto space: a script that has long been written.
Musk's 'American Party' is by no means a spontaneous idea. Its core positioning directly targets 'representing 80% of the moderates,' attempting to break the monopoly of the Democratic and Republican parties. This narrative has sparked explosive resonance in the crypto community, as the crypto space itself is a natural believer in anti-establishment and decentralization.
What is even more intriguing is the capital undercurrents behind the data:
The decentralized prediction market Polymarket shows that the probability of Musk forming a party in 2025 has surged from 7% in early June to 17%, with total betting amounts reaching $416 million.
Musk's X platform recently reached an official partnership with Polymarket, deeply binding prediction data with social dynamics, forming a resonant amplifier of public opinion and finance.
When 80% of public opinion meets a 17% capital probability, the difference is the profit opportunity in the crypto space.
II. The crypto space in political games: who is reaping, and who is trembling?
Musk and Trump's 'plastic friendship' has become the biggest instability factor in the crypto space. Every twist from mutual tearing to reconciliation has left the market in a bloodbath.
Tesla's stock price plummeted 18% in a single day, evaporating $153 billion in market value - just because Musk questioned Trump's concealment of Epstein's documents.
However, Dogecoin (DOGE) surged 19% in a single day while Musk served in the 'Department of Government Efficiency,' becoming the most sensitive political barometer.
More dangerous games are hidden at the policy level:
Trump's 'crypto trump card' is hard to discern: although he boldly abolished the IRS DeFi reporting rules and promised Bitcoin as a national reserve, the core tax exemption promises have all defaulted. His son Eric's claim of 'zero capital gains tax on XRP and HBAR' has become an illusion.
Musk's 'de-regulation' persona is distinct: he publicly supports dismantling the U.S. Agency for Global Media (USAGM), mocking it as the 'Department of Propaganda Everywhere' (DOPE) - which directly led to a surge in a meme coin of the same name in a single day.
If the American Party truly comes to fruition, the crypto space will welcome the strongest policy lobbying machine in history. Musk wants not only Tesla's tax credits but also to tear open the regulatory iron curtain for the blockchain revolution.
III. New party = new assets? Beware of Musk's political token trap.
Political narratives are becoming new asset launchers in the crypto space, but there are hidden fatal logics within:
The manipulation scam of Trump coin ($TRUMP): 80% of the tokens are held internally, using the White House dinner hype to pump the price, essentially serving as a family ATM.
The fleeting moment of DOPE coin: born from Musk's sarcastic remarks, it plummeted 90% upon launch, exposing the fragility of meme coins' dependence on political hotspots.
If Musk officially establishes a party, it may give rise to three types of on-chain assets:
Political governance tokens (like $USAP): claimed to be used for internal voting and policy crowdfunding.
Campaign fund-type NFTs: imitating Trump's 'Presidential NFT' fundraising model.
Policy dividend concept coins: betting on DeFi protocols favorable to deregulation (like Uniswap, Aave).
Beware of all new tokens issued with 'Musk endorsement' - the real power dividends will only flow to native assets like Bitcoin and DOGE.
IV. Survival rules in the crypto space amidst power games.
When political giants start to compete for discourse power in crypto, ordinary investors must see clearly:
In the short term, watch Musk's words; in the long term, watch Trump's legs: DOGE will still respond to Musk's tweets in seconds; whether Trump will truly incorporate Bitcoin into the treasury requires monitoring the Treasury's on-chain address.
The dream of tax exemption is shattered, but compliant channels have opened: the president has no power to amend tax laws, but the SEC's retreat from holding DeFi accountable has become a reality.
Betting on the American Party = shorting the two-party system: every 1% rise in Polymarket probability may cause the altcoin volatility index to soar by 3%.
The real winners are always those who hear the footsteps of technological revolution amid political noise.
When 80% of the silence turns into on-chain voting.
Musk's party-building is essentially a social experiment to combat old power with technology. When he initiated a vote on the X platform, 5.63 million people cast their trust votes with a mouse - and this is just a rehearsal for on-chain governance.
If the 'American Party' truly operates in the form of a DAO (Decentralized Autonomous Organization), distributing discourse power through tokens and ensuring policy transparency through smart contracts, then Washington's bureaucrats will face true grave diggers.
At this moment, the crypto space stands on the fault line of political power transition. Musk's ambition is not to become president but to enable 80% of marginalized individuals to rebuild the country with code.
History will prove: in the summer of 2025, a new party name typed by a South African on a keyboard will define the future of crypto civilization more than all the bills on Capitol Hill.
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