Elon Musk has announced the creation of a new political force, the ‘America Party’, aimed at changing the existing two-party system in the USA and supporting cryptocurrencies.
What is the America Party?
On July 4th, Elon Musk declared his intention to form the ‘America Party’ by launching a poll on X regarding the feasibility of creating an independent party. The results showed that 65.4% of participants supported the idea. Musk believes the new party can address the centrist problem in the current two-party political landscape of the USA.
Support and Criticism of Musk's Idea
Musk stated that his party would embrace Bitcoin, stating that 'fiat is hopeless'. This initiative garnered support from cryptocurrency advocates like Max Keiser and Mario Nawfal. Nawfal mentioned that cryptocurrency could serve as a powerful tool to combat inflation and excessive government spending.
Political Disagreements with Donald Trump
Recent events have led to a deterioration of relations between Musk and Donald Trump, who stated in a post on TruthSocial that Musk’s ideas are 'off the rails' and suggested that forming a third party would only create chaos within the existing system. Trump pointed out that such attempts have historically failed in the USA.
The establishment of the ‘America Party’ led by Elon Musk raises important questions about the state of the political system in the USA and the role of cryptocurrencies in the economy. Bitcoin as the foundation of a new political platform may spark further debate regarding future financing and economic policy.
