Charles Esther
The Bitcoin community is rallying behind Tesla CEO Elon Musk, urging him to adopt a bold Bitcoin strategy as a way to counter his public feud with former U.S. President Donald Trump.
Crypto trader and analyst Will Clemente ignited the call on June 6 through a post on X, stating that the “best way for Elon to get back at Trump is by full porting Bitcoin.”
Echoing this idea, JAN3 founder and CEO Samson Mow urged Musk to go all in on Bitcoin in a post made the same day.
Mow Urges Bitcoin Treasury Strategy for Tesla
Samson Mow didn’t stop at encouragement.
He called for Musk to revive Tesla’s past initiative of accepting Bitcoin payments and adopt a full-fledged Bitcoin treasury strategy.
Tesla had previously accepted Bitcoin for car purchases in 2021, but suspended it due to environmental concerns.
Despite that move, the company has continued to hold Bitcoin in its digital asset portfolio.
As of Q1 2024, the value of Tesla’s holdings dropped by 11.61%, from $1.076 billion to $951 million, according to Cointelegraph.
Bitcoin for Rockets SpaceX Also in the Spotlight
Mow went further, suggesting that SpaceX—another of Musk’s companies—could start offering discounts to customers who pay using Bitcoin.
“Force a hard money standard on the money printers,” Mow said, referencing the inflationary policies often attributed to central banks and governments.
He believes that adopting Bitcoin would not only benefit Musk’s businesses but also serve as a global statement against fiat currency manipulation.
Trump Accused of Inaction on Strategic Bitcoin Reserve
Samson Mow also criticised Donald Trump, noting that it has been three months since the former president signed an executive order for a Strategic Bitcoin Reserve.
Yet, according to Mow, Trump has not made any additional Bitcoin acquisitions.
“The U.S. has to start acquiring Bitcoin this year to avoid being front-run by other nations,” Mow warned.
In a more direct comment to Musk, he added, “At least do it before they freeze your fiat assets.”
If Musk Embraces Bitcoin All Bets Are Off
Many in the crypto world believe that if Musk throws his full weight behind Bitcoin, the impact would be seismic.
Boyd Cohen, co-founder and CEO of Lomob, stated, “If Musk were to go BTC maxi, all bets are off in so many ways. He doesn’t do anything small.”
Cohen added that Musk would likely build or buy his way to having the largest Bitcoin treasury and start accepting BTC across all his businesses.
He also suggested that Musk could become a global figure promoting Bitcoin as a tool for economic freedom.
The Origin of the Feud
The ongoing tension between Musk and Trump traces back to Musk’s departure from his advisory role during Trump’s presidency.
Things escalated on June 3 when Musk called Trump’s tax plan a “disgusting abomination.”
By June 5, the exchange had turned personal.
Musk warned that Trump’s plan for sweeping global tariffs could lead to a recession by the second half of 2025.
Trump’s Retaliation
In response, Trump used his Truth Social platform to attack Musk’s business interests.
He claimed that terminating Musk’s government subsidies and contracts could save the U.S. government “billions and billions of dollars.”
The public sparring has attracted attention from all corners, especially the crypto community, which sees this as a pivotal moment.
Musk’s Crypto History and Future Moves
Elon Musk has long been associated with the crypto world.
From supporting Dogecoin on social media to Tesla’s brief Bitcoin acceptance, his influence is undeniable.
Just recently, on June 2, he announced that X (formerly Twitter) will roll out a new messaging feature called XChats, promising “Bitcoin-style encryption.”
This move again ties Musk’s technology ventures to blockchain ideals.
Final Thoughts
As tensions rise between Elon Musk and Donald Trump, the crypto community sees an opportunity.
By embracing Bitcoin fully, Musk could not only challenge a political rival but also reaffirm his status as a tech pioneer and freedom advocate.
The ball is now in Musk’s court.
Will he make the leap into Bitcoin maximalism?
Only time will tell.
