‘Full Porting Bitcoin’ May Be Musk’s Trump Card in Feud, Say Bitcoiners

As the public spat between Elon Musk and Donald Trump heats up, the Bitcoin community is rallying behind Musk, urging him to go “all in on Bitcoin” as a strategic counterplay. Prominent figures like Will Clemente and Samson Mow believe that adopting a bold Bitcoin (BTC) stance could serve as Musk’s ultimate move against the former president.

Bitcoin Maxis Call on Musk to Stack BTC

On June 6, crypto trader Will Clemente posted on X, calling Musk’s potential Bitcoin pivot the best way to strike back at Trump:

“The best way for Elon to get back at Trump is by fully porting Bitcoin.”

JAN3 CEO Samson Mow echoed this sentiment, tagging Musk and stating:

“@elonmusk, it’s time to go all in on Bitcoin.”

Mow urged Musk to revive Bitcoin payments for Tesla and implement a Bitcoin treasury strategy, which the electric vehicle maker had briefly explored in 2021 before suspending BTC payments due to environmental concerns. Despite this, Tesla still holds BTC on its balance sheet. According to Cointelegraph, Tesla’s digital asset value declined by 11.61% in Q1 2024, dropping from $1.076 billion to $951 million.

Proposals for SpaceX and a Hard Money Standard

Mow further suggested that SpaceX should offer launch discounts for Bitcoin payments, calling on Musk to “force a hard money standard on the money printers.” He criticized Trump for not acting on his previously signed Strategic Bitcoin Reserve executive order, noting that the U.S. risks falling behind if it doesn’t begin acquiring BTC soon.

In a direct message to Musk, Mow warned:

“At least do it before they freeze your fiat assets.”

If Musk Goes Full BTC Maxi, “All Bets Are Off”

Speculation over Musk’s potential involvement in Bitcoin intensified after Boyd Cohen, CEO of Lomob, said:

“If Musk were to go BTC maxi, all bets are off in so many ways. He doesn’t do anything small.”

Cohen added that Musk would likely build or acquire the largest BTC treasury, accept BTC across all his companies, and possibly even promote Bitcoin on a global political stage, joining the ranks of pro-Bitcoin world leaders.

The Elon-Trump Feud Escalates

The feud reignited after Musk stepped down as Trump’s adviser and criticized the former president’s tax bill as a “disgusting abomination” on June 3. It escalated further on June 5, as both exchanged insults online.

Musk blasted Trump’s global tariff policy, claiming it would “cause a recession in the second half of this year,” while Trump retaliated by vowing to terminate Musk’s government subsidies and contracts, claiming it would save the U.S. “billions and billions of dollars.”

Despite past flirtations with crypto, Musk has not taken a definitive Bitcoin stance recently. His latest crypto-related statement came on June 2, when he announced X’s new messaging platform, XChats, which will include “Bitcoin-style encryption.”

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