The Bitcoin community calls for Tesla CEO Elon Musk to increase his Bitcoin holdings to gain an advantage in his public dispute with U.S. President Donald Trump.
Cryptocurrency analyst Will Clemente stated, 'The best way to have Musk counter Trump is to fully support Bitcoin.' Echoing this, Samson Mow, founder and CEO of JAN3, also stated, '@elonmusk, now is the time to fully support Bitcoin.'
Mow urges Tesla to adopt a Bitcoin financial strategy.
Mow encourages Musk to accept Bitcoin as a payment method for Tesla and suggests adopting a Bitcoin financial strategy. In 2021, Tesla stopped accepting Bitcoin payments due to environmental concerns but still holds digital assets. On April 23, reports indicated that Tesla's digital asset holdings dropped in value from $1.076 billion to $951 million in the first quarter.
Mow also proposed that Musk's SpaceX offer launch discounts to customers who pay with Bitcoin. Mow stated that this is to 'force the money printing machine back to the hard currency standard.'
If Musk supports Bitcoin, he will spare no effort. Boyd Cohen, co-founder and CEO of Lomob, stated, "If Musk becomes Bitcoin's most ardent supporter, everything will change. He would quickly establish or acquire the largest Bitcoin reserve and accept Bitcoin in all his businesses."
The dispute began when Musk stepped down from Trump's advisory role and criticized his tax bill as 'an abominable monstrosity.' Subsequently, both sides publicly attacked each other on social media, with Musk criticizing Trump's global tariff plan as leading to economic recession.
Meanwhile, Trump stated on his social platform Truth Social that terminating Musk's government subsidies and contracts would save the U.S. government 'billions of dollars.'
Musk has frequently mentioned cryptocurrency in recent years. On June 2, he stated that his social platform X is launching a new messaging feature called XChats with 'Bitcoin-style encryption features.'
