FameEX Hot Topics | Bitcoin Community Urges Tesla CEO Elon Musk to Accumulate 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 in a June 6 X post that the best way for Musk to regain the upper hand is by "full porting Bitcoin." Samson Mow, founder and CEO of JAN3, echoed the sentiment, advising Musk to go "all in on Bitcoin" before his fiat assets are potentially frozen. This call extends beyond personal involvement, with many Bitcoiners suggesting that Tesla should accept Bitcoin payments again and adopt a Bitcoin treasury strategy.

Tesla made headlines in 2021 when it halted Bitcoin payments due to environmental concerns, despite still holding digital assets. The company’s Bitcoin holdings saw a significant drop in value in Q1 2025, falling 11.61% from $1.076 billion to $951 million. The Bitcoin community believes that Musk should reinstate Bitcoin payments for Tesla and implement a Bitcoin-based treasury strategy to reinforce the company's financial stability. Additionally, Mow proposed that SpaceX could offer launch discounts to customers paying in Bitcoin, further integrating the cryptocurrency into Musk’s business ventures.

Mow also highlighted the geopolitical context, noting that it has been three months since Trump signed the Strategic Bitcoin Reserve executive order, but the U.S. has yet to make significant Bitcoin acquisitions. 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 action quickly, stating, “At least do it before they freeze your fiat assets,” suggesting that Musk could use Bitcoin to protect himself from potential government interventions.

Boyd Cohen, co-founder and CEO of Lomob, speculated on the impact if Musk fully backed Bitcoin. Cohen said, “If Musk were to go BTC maxi, all bets are off in so many ways,” suggesting Musk would leverage his influence to build the largest Bitcoin treasury, accept Bitcoin across all his businesses, and promote Bitcoin on the world stage. Cohen believes Musk would align with other "Bitcoin Presidents" and advocate for Bitcoin as the only path to freedom, reshaping global financial systems.

The feud between Musk and Trump began after Musk resigned as an adviser to 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 second 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 express his interest in cryptocurrency, recently announcing a new feature on his social media platform X called XChats, which will incorporate "Bitcoin-style encryption."

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.