Elon Musk stimulated Washington by announced that his registered “US Party” would withdraw Bitcoin back. His movement aims to call it a wasteful government spending and pledged to shake the current state.
The short statement of MUSK, “FIAT has no hope,” has already sent ripples through political and encryption circles.
Musk starts political bidding
According to MUSK’s recent tweets, his new middle party will begin as a candidate for the US Senate and the House of Representatives. He records that he will not run straight away by running the White House.
Instead, he plans to build support at the main level. This measured approach reflects the enormous efforts needed to enter the ballot paper. Most states require tens of thousands of signatures on each race. Musk requires a ground game to compete with the established parties.
This is because Fiat has no hope
-Elon Musk (@elonmusk) July 7, 2025
Bitcoin smokes pictures in front and center
Based on the report, MUSK is not just a conversation. Two of his companies, Tesla and SPACEX, have 19,794 BTC -11,509 and SPACEX in Tesla.
The character is worth about $ 2.1 billion at the current price. He also said he personally owns Bitcoin, Ethereum and Dogecoin. By tieing his political project with Bitcoin, Musk is likely to be appealing to the same audience who have been strengthening Donald Trump’s 2024 encryption buzz campaign.
Elon Musk is forming his own political party. Image: Bloomberg/Getty Images
The price of Bitcoin was rarely sprouted to the news. The coin is located for $ 108,772, and there is no clear spike or deep. Traders seem to see this as a different musk headline than the signs of specific policy changes.
Volatility has been a 30 %swing in recent months, so the actual plan that receives campaign funds or taxes in Bitcoin will face difficult questions about price fluctuations.
Bitcoin is expected to play a major role in Musk's political push. Image: FXEmpire
Regulation and logistics obstacles
Based on public submission, there is no “government efficiency department”. MUSK’s Doge Jibe is nodded by Dogecoin fans. If a party attempts to use Bitcoin for donations or payments, actual organs such as IRS and SECs must measure weight.
The US Campaign Financial Law is a strict report of donations and demand. Quickly converting encryption into cash can cause accounting nightmares, especially during sales.
It is another mountain to ride the ballot paper. Each week has a unique rules for the deadline, form and signature threshold. Some need a petition submitted a year before the election.
Musk must hire or mobilize the coordinate team to track hundreds of deadlines. If you fail in one key state, you can completely prevent the ballot paper in that state.
If the MUSK works on party documents and plans to handle encryption volatility and compliance, the actual test will come.
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