Bitcoin Backing Urged as Musk-Trump Feud Escalates

Bitcoin advocates are urging Elon Musk to fully embrace Bitcoin as a strategic counter to his ongoing public clash with Donald Trump.
Bitcoin Backing Urged as Musk-Trump Feud Escalates
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Key Takeaways

  • Samson Mow urged Elon Musk to adopt a full Bitcoin strategy at Tesla and SpaceX.
  • Tesla's digital asset holdings dropped from $1.076 billion to $951 million in Q1.
  • The Musk-Trump feud intensified with mutual criticism over tariffs and subsidies.

As tensions rise between Elon Musk and Donald Trump, prominent voices in the Bitcoin space are encouraging Musk to fully embrace Bitcoin as a strategic countermeasure.

Samson Mow’s call to action

JAN3 CEO Samson Mow on June 6 wrote:

@elonmusk, it’s time to go all in on Bitcoin.

He urged Musk to begin accepting Bitcoin payments at Tesla again and to adopt a Bitcoin treasury strategy.

Tesla had previously halted Bitcoin payments in 2021 over environmental concerns but still holds over $950 million in digital assets, down from $1.076 billion at the start of Q1.

Bitcoin discounts at SpaceX

Mow went further, suggesting that Musk’s aerospace company, SpaceX, should offer discounts to customers who pay in Bitcoin.

Mow stated:

Force a hard money standard on the money printers.

He also warned Musk:

At least do it before they freeze your fiat assets.

The Musk-Trump feud

The remarks come amid a growing feud between Musk and Trump.

The clash began when Musk criticized Trump’s tax bill on June 3 and escalated with public barbs, including Musk warning that Trump’s proposed global tariffs would trigger a recession.

Trump responded by suggesting Musk’s government contracts should be terminated to save taxpayer money.

Boyd Cohen’s perspective

Lomob CEO Boyd Cohen added that if Musk fully embraced Bitcoin:

He’d build or buy his way to the biggest BTC treasury.

Cohen also said Musk would also promote it as…

… the only path to freedom.

Bitbo Dashboard → / Original Article