FameEX Hot Topics | Bitcoin Community Appeals to Tesla CEO Elon Musk to Stack Bitcoin

The Bitcoin community is urging Tesla CEO Elon Musk to fully embrace Bitcoin as a strategic move to counter his ongoing public feud with U.S. President Donald Trump. Crypto trader and analyst Will Clemente suggested on June 6 via an X post that Musk’s best chance to regain the upper hand is by "full porting Bitcoin." Samson Mow, founder and CEO of JAN3, echoed this sentiment, advising Musk to "go all in on Bitcoin" before his fiat assets are potentially frozen. This appeal extends beyond Musk’s personal financial decisions; many in the Bitcoin community believe that Tesla should also reinstate Bitcoin payments and implement a Bitcoin treasury strategy to secure the company’s financial future.

Tesla made headlines in 2021 when it halted Bitcoin payments due to environmental concerns despite holding digital assets on its balance sheet. Tesla’s Bitcoin holdings saw a significant drop in value during Q1 2025, falling by 11.61%, from $1.076 billion to $951 million. The Bitcoin community believes that Musk should reverse his decision and reinstate Bitcoin payments for Tesla. Many argue that Tesla should also adopt a Bitcoin treasury strategy, integrating the cryptocurrency into its corporate financial planning. Additionally, Mow suggested that Musk’s SpaceX could further integrate Bitcoin by offering launch discounts to customers who choose to pay with the digital currency, strengthening the connection between Musk’s ventures and Bitcoin.

Mow also addressed the geopolitical context, emphasizing that it has been three months since Trump signed the Strategic Bitcoin Reserve executive order, yet the U.S. has not made significant acquisitions of Bitcoin. He warned that the U.S. must start acquiring Bitcoin this year to prevent other nations from surpassing it in securing Bitcoin as a reserve asset. Mow urged Musk to take immediate action, stating, “At least do it before they freeze your fiat assets.” This comment suggested that Musk could use Bitcoin as a safeguard against potential government actions or interference in his financial dealings.

Boyd Cohen, co-founder and CEO of Lomob, speculated on the significant impact of Musk fully backing Bitcoin. Cohen remarked, “If Musk were to go BTC maxi, all bets are off in so many ways.” He suggested that Musk would leverage his influence to build the largest Bitcoin treasury, accept Bitcoin across all his ventures, and promote Bitcoin globally as the “only path to freedom.” Cohen believes Musk would join other prominent Bitcoin advocates and reshape global financial systems.

The feud between Musk and Trump began after Musk resigned from his advisory role with Trump and criticized his tax bill, calling it a “disgusting abomination” on June 3. Tensions escalated on June 5 when Musk criticized Trump’s global tariff plan, claiming it would lead to a recession in the latter half of the year. Trump retaliated on his Truth Social platform, suggesting that terminating Musk’s government subsidies and contracts would save “billions and billions of dollars” for the U.S. government. Meanwhile, Musk continues to show a keen interest in cryptocurrency, recently announcing a new feature on his social media platform X, called XChats, which will include “Bitcoin-style encryption.”

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