‘Full porting Bitcoin’ could be Musk’s Trump card in feud: Bitcoiners

1 day ago |   readers | 3 mins reading
‘Full porting Bitcoin’ could be Musk’s Trump card in feud: Bitcoiners

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 Clementesaidin a June 6 X post. Echoing a similar sentiment, JAN3 founder and CEO Samson Mowsaidin 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 BitcoinBTC$104,930payments for Tesla and adopt a Bitcoin treasury strategy. In 2021,Tesla stopped acceptingBitcoin as a means of paymentdue to environmental concerns. However, the firm still holds digital assets. On April 23, Cointelegraph reported that Tesla’sdigital asset holdings dropped11.61% 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 thatit’s been three months since Trumpsigned 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:

Some Bitcoiners speculated that if Musk backed Bitcoin, he wouldn’t hold back. Lomob co-founder and CEO Boyd Cohensaid, “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 tradedpublic insults on social media. Musk said Trump’s plan for sweeping global tariffs “will cause a recession in the second half of this year.”

Related:Bitcoin gets sub-$100K price targets with RSI ’a week away’ from new lows

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 isrolling out a new messaging feature, XChats, which will have “Bitcoin-style encryption.”

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