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Tech billionaire Elon Musk has launched the America Party, a new political movement advocating Bitcoin adoption and fiscal conservatism, though experts question its viability in America's entrenched two-party system.
The July 5 announcement came hours after Congress passed President Trump's $5 trillion debt ceiling increase package, which Musk criticized for cutting social programs while benefiting wealthy taxpayers. The "One Big Beautiful Bill Act" also reduced green energy incentives - a direct blow to Musk's Tesla empire.
While Musk promises Bitcoin support and smaller government, the party lacks detailed policies. His X posts suggest a platform including military AI integration, energy deregulation, and pro-birth policies, but no formal structure exists yet.
Political scientists note America's electoral system inherently disadvantages third parties. University at Buffalo's Collin Anderson explains: "The structure would need fundamental changes for new parties to compete effectively." Historical examples like the Progressive Party and Andrew Yang's Forward Party demonstrate the challenges.
【Political Impact】Analysts suggest Musk could disrupt 2026 midterms in targeted districts, but lasting change requires systemic reforms. Bloomberg's Francis Wilkinson calls him a "chaos monkey" with resources to influence close races.
The announcement immediately affected Musk's companies:
• Tesla shares dropped 4.2%
• Azoria Investments delayed its Tesla ETF launch
• Brand perception surveys show declining favorability among Democratic voters
——"A political party actively undermines Tesla's mission," said Azoria CEO James Fishback——
Crypto analysts remain bullish on Bitcoin regardless of Musk's political fortunes. Coin Bureau's Nic Puckrin notes: "The dollar's decline inversely benefits Bitcoin long-term." However, without concrete policy details, the America Party's crypto stance remains speculative.
As Musk polls supporters on convention locations, the political experiment faces skepticism. His previous Wisconsin campaign involvement - including controversial $1 million voter giveaways - resulted in a 10-point loss for his endorsed candidate.
The America Party's success may hinge on post-Trump Republican fragmentation, but for now, it represents another unconventional Musk venture facing systemic headwinds.