Bitcoin supporters urge Elon Musk to use Bitcoin to counter Trump

The Bitcoin community is encouraging Tesla CEO Elon Musk to delve deeper into Bitcoin as a way to combat the ongoing public disagreements between President Donald Trump and Bitcoin. Tesla accepted Bitcoin payments in 2021 but halted them due to environmental concerns. Despite stopping Bitcoin payments, Tesla still holds some digital assets, but their value fell from $1.076 billion to $951 million in the first quarter of this year.

Bitcoin enthusiasts believe that Musk's strong development of Bitcoin could be a bold move against Trump. Karen Mok believes that Bitcoin could 'force the printing press to implement a hard currency standard' and warns Musk to take action 'before they freeze your fiat assets.'

Three months after Trump issued a strategic Bitcoin reserve executive order, the U.S. has not increased its Bitcoin purchases, putting it at risk of falling behind other countries.

There is widespread speculation that if the bold Musk makes a 'major push into Bitcoin' (BTC), the impact would be substantial. Boyd Cohen, CEO of Lomob, predicts that Musk will amass the largest Bitcoin treasury, integrating it into his business, and promoting Bitcoin as a path to freedom alongside global leaders.

Previously, Musk, who served as an advisor to Trump, stepped down and referred to a tax bill as a 'disgusting act' on June 3, after which the conflict between Musk and Trump intensified. On June 5, the two attacked each other online, with Musk warning that Trump's tariff plan could trigger a recession by the end of 2025, while Trump threatened to cut Musk's government subsidies and contracts to save billions. Meanwhile, on June 2, Musk announced that X Labs would launch 'Bitcoin-like cryptographic technology' for its new XChats feature.