BITCOIN ADVOCATES URGE ELON MUSK TO GO ALL IN AMID FEUD WITH TRUMP!

Bitcoin advocates are urging Elon Musk to go all-in on Bitcoin amid his feud with Donald Trump. Specifically, JAN3 founder Samson Mow suggests that Musk should :

Accept Bitcoin Payments: Tesla should start accepting Bitcoin as payment for its vehicles again, which it stopped doing in 2021 due to environmental concerns.

- *Implement Bitcoin Treasury Strategy*: Musk's companies, including Tesla and SpaceX, should adopt a Bitcoin treasury strategy to stabilize company reserves and protect against potential regulatory retaliation that might freeze fiat assets.

Offer Bitcoin Discounts: SpaceX could offer discounts for customers who pay in Bitcoin, promoting the use of cryptocurrency and further supporting the Bitcoin ecosystem.

This urging comes after Musk and Trump engaged in a public spat on social media, with Musk criticizing Trump's tax bill and Trump responding by suggesting that terminating Musk's government subsidies and contracts would save the US government billions. The feud has impacted Tesla's stock value, which dropped 14% to close at $284.68, wiping out almost $119 billion in market cap.

Some Bitcoiners believe that if Musk were to fully support Bitcoin, it would significantly boost the cryptocurrency's adoption and value. For instance, Lomob co-founder Boyd Cohen stated that Musk's full backing of Bitcoin would be a game-changer, potentially leading to :

increased Adoption: Musk's influence could drive more businesses to adopt Bitcoin, increasing its mainstream acceptance.

Bitcoin Treasury: Musk might build or buy his way to the biggest Bitcoin treasury, further solidifying his company's position in the crypto space.

Promoting Bitcoin Globally: As a prominent figure, Musk could join other Bitcoin-supporting presidents on the world stage, promoting Bitcoin as a path to financial freedom.#CircleIPO #BigTechStablecoin #BTC