The Bitcoin community is calling on Tesla CEO Elon Musk to stack Bitcoin as a way to gain the upper hand in his ongoing public feud with US President Donald Trump.
āThe best way for Elon to get back at Trump is by full porting Bitcoin,ā crypto trader and analyst Will Clemente said in a June 6 X post. Echoing a similar sentiment, JAN3 founder and CEO Samson Mow said in an X post on the same day, ā@elonmusk, itās time to go all in on Bitcoin.ā
Mow urges Tesla to start Bitcoin treasury strategy
Mow urged Musk to accept Bitcoin (BTC) payments for Tesla and adopt a Bitcoin treasury strategy. In 2021, Tesla stopped accepting Bitcoin as a means of payment due to environmental concerns. However, the firm still holds digital assets. On April 23, Cointelegraph reported that Teslaās digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1.
Mow also proposed that Muskās SpaceX offer launch discounts to customers who pay in Bitcoin.
āForce a hard money standard on the money printers,ā Mow said. It comes after Mow recently told Cointelegraph Magazine that itās been three months since Trump signed the Strategic Bitcoin Reserve executive order, but he is yet to buy any additional Bitcoin. He said the US āhas to startā acquiring Bitcoin this year to avoid being front-run by other nations.
In another comment to Musk, Mow added:
āAt least do it before they freeze your fiat assets.ā
Some Bitcoiners speculated that if Musk backed Bitcoin, he wouldnāt hold back. Lomob co-founder and CEO Boyd Cohen said, āIf Musk were to go BTC maxi, all bets are off in so many ways. He doesnāt do anything small.ā
āHeād build or buy his way to the biggest BTC treasury, heād accept BTC in all his businesses, heād be joining Bitcoin Presidents on the world stage promoting it as the only path to freedom,ā Cohen said.
The feud started after Musk left office as an adviser to Trump and then called his tax bill a ādisgusting abominationā on June 3. It escalated on June 5 after both traded public insults on social media. Musk said Trumpās plan for sweeping global tariffs āwill cause a recession in the second half of this year.āĀ
Related: Bitcoin gets sub-$100K price targets with RSI āa week awayā from new lows
Meanwhile, Trump said in a post on his Truth Social platform that terminating Muskās government subsidies and contracts would save ābillions and billions of dollarsā for the US government.Ā
Musk has frequently mentioned cryptocurrency over the years. Most recently, on June 2, he said his social media platform X is rolling out a new messaging feature, XChats, which will have āBitcoin-style encryption.ā
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