‘Full Porting Bitcoin’ May Give Musk the Upper Hand in Feud, Say Bitcoiners
The Bitcoin community is urging Tesla CEO Elon Musk to accumulate Bitcoin as a strategy to gain leverage in his ongoing public rivalry with US President Donald Trump.
“The optimal way for Elon to respond to Trump is by fully endorsing Bitcoin,” crypto trader and analyst Will Clemente expressed in a post on X on June 6. Similarly, JAN3 founder and CEO Samson Mow remarked in an X post on the same day, “@elonmusk, it’s time to go all in on Bitcoin.”
Mow encourages Tesla to implement a Bitcoin treasury strategy
Mow has called on Musk to accept Bitcoin (BTC) payments for Tesla and adopt a Bitcoin treasury strategy. In 2021, Tesla ceased accepting Bitcoin as payment due to environmental concerns, yet it still maintains digital assets. On April 23, Cointelegraph reported that Tesla’s digital asset holdings had dropped 11.61% in value, from $1.076 billion to $951 million in Q1.
Mow also suggested that Musk’s SpaceX provide launch discounts to customers who pay with Bitcoin.
“Impose a hard money standard on the money printers,” Mow stated. He further noted that it has been three months since Trump signed the Strategic Bitcoin Reserve executive order, but no additional Bitcoin has been acquired. He emphasized that the US “must start” acquiring Bitcoin this year to prevent being outpaced by other nations.
In a separate comment directed at Musk, Mow added:
“At least do it before they freeze your fiat assets.”
Some Bitcoin supporters speculated that if Musk supported Bitcoin, he would fully commit. Lomob co-founder and CEO Boyd Cohen stated, “If Musk were to become a BTC maximalist, all bets are off in numerous ways. He doesn’t do anything half-heartedly.”
“He’d expand or acquire to create the largest BTC treasury, he’d accept BTC in all his ventures, and he’d join Bitcoin Presidents on the global stage to promote it as the sole path to freedom,” Cohen added.
The conflict began after Musk resigned as an adviser to Trump and criticized his tax bill as a “disgusting abomination” on June 3. Tensions escalated on June 5 when both traded barbs on social media, with Musk claiming Trump’s global tariff proposal “will lead to a recession in the latter half of this year.”
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Meanwhile, Trump remarked in a post on his Truth Social platform that ending Musk’s government subsidies and contracts could save “billions and billions of dollars” for the US government.
Musk has frequently discussed cryptocurrency over the years. In a recent mention on June 2, he indicated that his social media platform X is launching a new messaging feature, XChats, which will incorporate “Bitcoin-style encryption.”
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