The Bitcoin community is urging Tesla CEO Elon Musk to fully embrace Bitcoin as a bold stance against U.S. President Donald Trump amid their public feud.
Supporters believe doubling down on Bitcoin would signal defiance and promote financial independence.
Tesla previously accepted Bitcoin payments in 2021 but halted the option due to environmental concerns. However, the company still holds some digital assets.
Tesla’s Crypto Holdings Dip to $951M; Bitcoin Advocates Urge Musk to Double Down
In the first quarter of 2025, the value of Tesla’s crypto holdings dropped from $1.076 billion to $951 million. Advocates now want Musk to revive Bitcoin payments and expand Tesla’s holdings as a strategic and ideological move.
Bitcoin supporters believe that Elon Musk making a bold move into Bitcoin could serve as a powerful response to U.S. President Donald Trump amid their ongoing public feud.
On June 6, 2025, crypto trader Will Clemente suggested on X that Musk could “fight back” by fully backing Bitcoin.
Samson Mow Urges Musk to Revive Bitcoin Payments and Boost Tesla’s Holdings
The idea gained further traction when Samson Mow, CEO of Bitcoin infrastructure firm JAN3, urged Musk to not only reinstate Bitcoin payments at Tesla but also significantly increase Tesla’s Bitcoin holdings as part of its treasury strategy.
Mow argued that Bitcoin represents a form of “hard money” that can challenge fiat currencies, which are susceptible to inflation due to excessive government money printing.
He warned that relying too heavily on fiat could backfire, saying Musk should act “before they freeze your fiat assets.”
This was a reference to the growing concern among Bitcoin advocates that political or regulatory pressure could lead to restrictions on traditional financial assets.
The push from the Bitcoin community reflects a broader belief that supporting Bitcoin is not just a financial strategy but also a form of resistance to centralized control.
If Musk aligns more strongly with Bitcoin, it could signal defiance against political influence and bolster the case for decentralized finance.
Trump Hints at Possible Repercussions for Musk Amid Growing Tensions
U.S. President Donald Trump recently hinted at possible repercussions for Elon Musk amid their escalating public tensions.
When asked if he was considering cutting government contracts tied to Musk’s companies—such as SpaceX or Tesla—Trump replied, “We’ll look at everything.”
The vague but pointed comment has sparked speculation that Musk’s ventures, which rely heavily on federal partnerships, could face increased scrutiny or funding risks.
This statement adds fuel to the ongoing clash between Trump and Musk, which has included sharp exchanges online and in public remarks.
The crypto community has since rallied behind Musk, urging him to adopt a stronger pro-Bitcoin stance as a way to assert independence from political and financial pressure.
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