The US political arena is now brimming with a new development that revolutionizes the US demographics as we know them. Donald Trump is adamantly advocating for his “big beautiful bill,” which he believes can change American lives for the better. However, on the contrary, the aforementioned bill has drawn criticisms from market experts, with Elon Musk vowing to launch a new political party if this bill enters the US economic demographics. In the meantime, investors cannot help but wonder how the world will look under the leadership of Elon Musk. Can Musk truly compete with the likes of Trump? How high can the cryptocurrency market sustain if he launches his political party? Will Bitcoin and Dogecoin note a significant price surge in this wake? Let’s find out the answers to all these burning queries.
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Musk May Form A New Political Party
In a new twist of events, Elon Musk has taken to X to announce his plan to enter politics more directly. Musk has lately been advocating against Trump’s “big beautiful bill,” adding how the launch of this bill can hurt the American economy in unprecedented ways. Musk took to X to share his rationale behind his criticism of the bill, adding how it may help increase the US debt ceiling, which the government desperately wanted to avoid.
“It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS, that we live in a one-party country—the PORKY PIG PARTY!! Time for a new political party that actually cares about the people.”
It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!
Time for a new political party that actually cares about the people.
— Elon Musk (@elonmusk) June 30, 2025
It is to be noted how Musk was initially appointed by Trump to head the Department of Government Efficiency, or DOGE, which worked relentlessly over months to counter excessive government spending. Trump’s ‘one big beautiful bill” counters the same narrative by increasing government spending by nearly $5 trillion. The launch of this bill would ultimately negate all efforts initiated by Musk to keep the US debt ceiling under healthy governmental control.
What’s the point of a debt ceiling if we keep raising it?
— Elon Musk (@elonmusk) July 1, 2025
What Musk’s Political Party Means for Bitcoin and Dogecoin
The overall developments have now reached a point where Musk has shared his intention of launching a political party to counter the launch of the bill. He tweeted how America needs a party that has an “actual voice,” the one that knows how to make America truly great again.
“If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.”
If this insane spending bill passes, the America Party will be formed the next day.
Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.
— Elon Musk (@elonmusk) June 30, 2025
If Musk ends up forming a political party, ChatGPT predicts how it may impact Bitcoin and Dogecoin in the process.
For Dogecoin, GPT stated how it can surge to as high as $0.25 in a short-term scenario. In a mid-term range, the token may claim $0.30, with speculations about Musk-DOGE integration resurfacing again. In a bullish price scenario, Doge could surge to hit $0.60 if Musk ultimately ends up entering politics full-time.
For Bitcoin, the surge depends largely on how Musk may favor and shape BTC-friendly policies. The portal predicted BTV may surge as high as $130K if Musk continues to introduce policies that help BTC prosper in the long run.
Also Read: Dogecoin (DOGE) to $4? Timeline for Breakout Revealed
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