Bitcoin enthusiasts are calling for Tesla CEO Elon Mots to use Bitcoin to get the upper-hand in their ongoing feud between him and US President Donald Trump.
“The best way for Elon to get back at Trump is by full porting Bitcoin,” Will Clemente is a crypto analyst and trader. said In a post on June 6, X. Samson Mow, founder and CEO of JAN3, echoed a similar sentiment. said In an X-post on the same date, “@elonmusk, it’s time to go all in on Bitcoin.”
Mow urges Tesla’s Treasury to begin a Bitcoin strategy
Mow encouraged Musk to accept BitcoinBTCIn 2021, Tesla will be able to accept Bitcoin payments. By 2021. Tesla stopped accepting Bitcoin as a means of payment Environmental concerns. It does still hold digital assets. Cointelegraph reported Tesla’s bankruptcy on April 23. digital asset holdings dropped Value decreased by $11.61% from $1.076 Billion to $951 Million in Q1.
Mow proposed Musk’s SpaceX also offer discounts for customers paying in Bitcoin.
“Force a hard money standard on the money printers,” Mow told Cointelegraph Magazine that he was going to do this. Mow said. it’s been three months since Trump The US President signed an executive order establishing the Strategic Bitcoin Reserve, yet he has not purchased any Bitcoin. He stated that the US “has to start” To avoid losing out to other countries, you should purchase Bitcoins this year.
Mow also added the following to his comment:
“At least do it before they freeze your fiat assets.”
Bitcoiners suggested that Musk wouldn’t be holding back on his support for Bitcoin. Boyd Cohen is the CEO and co-founder at Lomob. 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.
Musk called Trump’s tax bill “a blunder” after he left his position as Trump’s adviser. “disgusting abomination” On June 3, On June 5, after the two traded, it escalated. public insults on social media. Musk said Trump’s plans for global tariffs “will cause a recession in the second half of this year.”
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Trump, in an article on the Truth Social platform said terminating Musk’s government contracts and subsidies would save “billions and billions of dollars” For the US Government
Musk has often mentioned cryptocurrency in the past. Musk said that his social networking platform X was cryptocurrency on June 2. rolling out a new messaging featureXChats will be able to have “Bitcoin-style encryption.”
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Source: cointelegraph.com
