1. The Emergence of the "America Party": Countering the "Big and Beautiful Act" and the Bipartisan Monopoly
On July 6, 2025, Elon Musk posted on X platform stating, "The purpose of the America Party is to restore your freedom." He announced the establishment of the "America Party." He viewed the "Big and Beautiful Act" as a trigger, which extends the 2017 tax reform, cuts green subsidies, and increases defense spending, expecting an additional $3 trillion deficit from 2025 to 2034. Musk criticized the act as "wasteful and corrupt," claiming it suppresses innovation and freedom, especially with the cuts to subsidies for the new energy and technology industries; it is also interpreted by the market as a potential prelude to the Web3 political era. Musk clearly stated that the America Party aims to secure 2-3 seats in the Senate and 8-10 seats in the House of Representatives, leveraging its social influence, strong funding, and digital community to challenge the bipartisan monopoly.
![Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage1](https://static.aicoinstorge.com/article/20250707/175185914467570.png "Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage1")
After the announcement of the America Party, the price of BTC soared to nearly $110,000 on July 6, with the crypto community viewing it as Musk's "endorsement effect" for Bitcoin. When asked whether the America Party supports Bitcoin (BTC), Musk confidently replied, "Fiat currency has no hope, so yes." This statement quickly ignited enthusiasm in the crypto community. Against the backdrop of pressure on the dollar's credit and the loosening of global digital asset regulations, Musk's America Party and its stance on Bitcoin represent not only a political gamble but also a potential sign of the deep integration of Web3 technology and political mobilization.
![Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage2](https://static.aicoinstorge.com/article/20250707/175185915869282.png "Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage2")
2. Strong Support for Bitcoin: The Intersection of Fiat Currency Crisis and Web3 Politics - Musk's BTC Position
Musk's support for BTC is closely related to the credit crisis of the dollar. Data shows that as of April 3, 2025, the total U.S. federal government debt has reached $36.2 trillion, accounting for 124% of GDP; interest expenses for the fiscal year 2024 have exceeded $1 trillion for the first time, reaching $582.5 billion in the first half of the fiscal year 2025, becoming the second-largest expenditure item. The high tariff policies of the Trump administration have further exacerbated rising costs, with the core PCE price index expected to reach 3.1% by the end of 2025.
Musk's BTC position is not only an economic judgment but may also be an experiment in Web3 politics. Market analysis suggests that the America Party may create a "political space for crypto natives," utilizing blockchain technology to achieve decentralized voter mobilization and fundraising. Musk's X platform has already tested blockchain-based identity verification (XID), which may support BTC donations and on-chain voting in the future.
The global context further reinforces this trend. The U.S. "GENIUS Act" regulates the issuance of stablecoins, the SEC has revoked SAB121 to lower the threshold for bank custody, and Hong Kong's "Stablecoin Regulation" will take effect in August, all promoting the compliance of digital assets. According to reports, BTC ETFs saw a net inflow of $770 million last week, and Musk's statements may catalyze more political forces to embrace crypto assets.
![Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage3](https://static.aicoinstorge.com/article/20250707/175186121832313.png "Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage3")
3. BTC Price and Market Dynamics: Short-term Fluctuations and Long-term Momentum - Price Trends and Technical Analysis
BTC K-line pattern:
The daily level shows that after a significant rise on July 6, a slight consolidation occurred on July 7, currently in a high-level consolidation state.
The hourly level has recently shown a continuous upward trend, but the K-line at 12:00 formed a long upper shadow, indicating strong pressure above.
Technical indicators:
MACD: The hourly MACD histogram is gradually shortening, with the fast and slow lines still above the zero axis but showing signs of convergence, indicating weakening momentum; the daily MACD continues with red bars, indicating a mid-term bullish advantage.
RSI: The hourly RSI has retreated from the overbought zone to around 63, suggesting a possible short-term adjustment; the daily RSI remains above 70, indicating an overall strong market.
EMA: The hourly EMA7, 30, and 120 moving averages are in a bullish arrangement, with the price currently close to the EMA7; the daily EMA7 and EMA30 are diverging upwards, indicating strong support.
Trading volume:
The hourly trading volume peaked at 327 at 11:00, then significantly shrank, indicating a cooling of market sentiment.
The daily trading volume has significantly decreased compared to the previous trading day, suggesting an increase in market wait-and-see sentiment.
![Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage4](https://static.aicoinstorge.com/article/20250707/175186085356993.png "Musk's "America Party" Reshapes the Power Landscape: The Rise of "Web3 Politics" and the Global Game of Bitcoin ConsensusaicoinImage4")
In the short term, Musk's support for BTC and the cooling of interest rate cut expectations triggered by the June non-farm payroll data (147,000 jobs, unemployment rate 4.1%) form a game, with the strengthening dollar (DXY) leading to a BTC pullback.
In the long term, institutional inflows, the overall HODL sentiment, and Musk's endorsement support the foundation of a bull market.
4. Challenges and Outlook
Political barriers: The U.S. two-party system is deeply entrenched, and the America Party is more likely to play the role of a "disruptor," making it difficult to sustain.
BTC volatility risk: Although Musk's endorsement boosts the market, BTC has faced multiple obstacles above $110,000; if it cannot break through, it may pull back again.
Regulatory uncertainty: The U.S. "Digital Asset Anti-Money Laundering Act" may strengthen scrutiny of BTC transactions, affecting market sentiment.
5. Conclusion
In the current context of pressure on the dollar's credit and the mainstreaming of digital assets, Musk's assertion that "fiat currency has no hope" and his support for BTC may become the starting point for Web3 politics. Whether the America Party can break the bipartisan monopoly remains uncertain, but its embrace of BTC has already ignited market imagination.
This article is for informational sharing only and does not constitute investment advice for anyone.
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