Bitcoin: The Bold Move Elon Musk Could Make in Trump Feud
The ongoing public dispute between Tesla CEO Elon Musk and former US President Donald Trump has captured significant attention. Amidst this high-profile feud, members of the crypto community are offering Musk an unconventional strategy: embracing Bitcoin. Specifically, they are suggesting a concept referred to as ‘full porting Bitcoin’ as a potential way for Musk to navigate or gain leverage in the situation. This idea, circulating within the Crypto News sphere, proposes a deep integration of Bitcoin into Musk’s business empire and personal strategy.
Why Bitcoiners Urge Elon Musk to Go All In on Bitcoin
Prominent figures in the Bitcoin community are openly calling on Elon Musk to significantly increase his exposure to Bitcoin. Crypto trader and analyst Will Clemente suggested on X that the “best way for Elon to get back at Trump is by full porting Bitcoin.” Echoing this sentiment, JAN3 founder and CEO Samson Mow directly addressed Musk on X, stating, “it’s time to go all in on Bitcoin.” This push highlights a belief that Bitcoin could serve as a powerful tool in the current climate.
Tesla and Bitcoin: A Past Connection
This isn’t the first time Tesla has interacted with Bitcoin. In 2021, Tesla briefly accepted Bitcoin for vehicle purchases before pausing the option, citing environmental concerns at the time. However, the company maintained holdings of the digital asset. Recent reports indicate a decrease in the value of Tesla’s digital asset holdings. Despite the fluctuating value, Tesla retains a position in crypto, setting a precedent for potential deeper integration.
Samson Mow’s Strategic Bitcoin Vision for Musk’s Companies
Samson Mow elaborated on what a ‘full porting Bitcoin’ strategy could entail for Musk’s ventures. He urged Tesla to not only resume accepting Bitcoin payments but also to adopt a comprehensive Bitcoin treasury strategy, accumulating significant amounts of BTC on its balance sheet. Mow extended this idea to SpaceX, suggesting the company offer launch discounts to customers paying in Bitcoin. His rationale is clear: to “Force a hard money standard on the money printers.” Mow also added a pointed comment to Musk, suggesting he act “At least do it before they freeze your fiat assets,” hinting at potential financial pressures related to the feud with Donald Trump.
The Potential Impact of Musk Embracing Bitcoin
Some observers speculate that if Elon Musk were to fully commit to Bitcoin, his approach would be anything but modest. Lomob co-founder and CEO Boyd Cohen commented that if Musk were to become a “BTC maxi,” it would significantly alter the landscape. Cohen believes Musk would leverage his resources to build or acquire the largest Bitcoin treasury, integrate Bitcoin payments across all his businesses, and actively promote Bitcoin globally alongside other notable figures supporting the asset. This suggests that Musk’s involvement could bring unprecedented scale and attention to Bitcoin adoption.
The Escalating Feud Between Musk and Trump
The backdrop to these Bitcoin suggestions is the intensifying public disagreement between Musk and Trump. The feud reportedly escalated after Musk, who previously served as an adviser to Trump, criticized Trump’s tax bill. The exchange grew more public with insults traded on social media platforms. Musk predicted that Trump’s proposed global tariffs could lead to a recession. In response, Donald Trump suggested on his Truth Social platform that terminating government subsidies and contracts with Musk’s companies could save billions for the US government, highlighting the high stakes involved in their dispute.
Beyond Tesla: Musk’s Other Crypto Mentions
Elon Musk has frequently commented on cryptocurrency topics over the years, extending beyond just Bitcoin and Tesla. Most recently, he mentioned that his social media platform X is developing a new messaging feature, XChats, which will incorporate “Bitcoin-style encryption.” While not direct adoption, this reference shows Musk’s continued interest in and engagement with concepts derived from the crypto world.
Conclusion: A Strategic Play?
The calls for Elon Musk to adopt a ‘full porting Bitcoin’ strategy highlight the community’s view of Bitcoin as a powerful, independent financial asset. Amidst his public and potentially financially impactful feud with Donald Trump, proponents argue that a significant pivot towards Bitcoin could offer Musk strategic advantages, including potential insulation from traditional financial system pressures and increased leverage through alignment with a decentralized asset. Whether Musk will act on these suggestions remains to be seen, but the discussion underscores the growing perception of Bitcoin as more than just an investment—potentially a tool for strategic maneuvering on a global stage, a topic keenly followed in Crypto News.
