🗳️ Elon Musk Launches the "American Party" — Bitcoin to Be Central 🚀
Elon Musk has officially announced the establishment of the American Party, marking a dramatic shift in his alliance with Trump, after he criticized the "$33 trillion great and wonderful bill" for exacerbating national debt. Now, Musk's new political venture is entering the cryptocurrency space:
📌 A Platform Supporting Bitcoin
Musk confirmed on X: "Fiat currency is hopeless, so yes" — meaning the party will embrace Bitcoin .
📌 Getting Rid of Partisan Politics
The party has gained preliminary support from 65% of Musk's poll respondents and aims to focus on key House and Senate elections to influence significant legislation .
📌 Political Drama Unfolds
• Trump calls Musk "out of control," warning that a third party would lead to "chaos" .
• Treasury Secretary Scott Bessenet suggested Musk "focus on his companies," implying that Wall Street is concerned .
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🧭 The Importance for Cryptocurrency
• For the first time, a political movement officially supports Bitcoin — potentially elevating Bitcoin's status as a legitimate national currency.
• Indicates rising institutional and political acceptance of digital assets.
• Musk's strong criticism of fiat currency and support for Bitcoin could drive new adoption and investment inflows.
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💬 What do you think?
🔘 Will the American Party's embrace of Bitcoin politically help to legitimize cryptocurrency?
🔘 Or will the backlash from the Republican Party and corporations undermine this effect?
