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.
“The best way for Elon to get back at Trump is by full porting Bitcoin,” 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, “@elonmusk, it’s time to go all in on Bitcoin.”
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 Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1.
Mow also proposed that Musk’s SpaceX offer launch discounts to customers who pay in Bitcoin.
“Force a hard money standard on the money printers,” Mow said. It comes after Mow recently told Cointelegraph Magazine that it’s 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 “has to start” acquiring Bitcoin this year to avoid being front-run by other nations.
In another comment to Musk, Mow added:
“At least do it before they freeze your fiat assets.”
Some Bitcoiners speculated that if Musk backed Bitcoin, he wouldn’t hold back. Lomob co-founder and CEO Boyd Cohen said, “If Musk were to go BTC maxi, all bets are off in so many ways. He doesn’t do anything small.”
“He’d build or buy his way to the biggest BTC treasury, he’d accept BTC in all his businesses, he’d be joining Bitcoin Presidents on the world stage promoting it as the only path to freedom,” Cohen said.
The feud started after Musk left office as an adviser to Trump and then called his tax bill a “disgusting abomination” on June 3. It escalated on June 5 after both traded public insults on social media. Musk said Trump’s plan for sweeping global tariffs “will cause a recession in the second half of this year.”
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Meanwhile, Trump said in a post on his Truth Social platform that terminating Musk’s government subsidies and contracts would save “billions and billions of dollars” for the US government.
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 “Bitcoin-style encryption.”
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