According to Cointelegraph, the Bitcoin community called on Tesla CEO Elon Musk to gain the upper hand in his public fight with US President Trump by investing in Bitcoin. Crypto trader Will Clemente and JAN3 founder Samson Mow said in a June 6 X post that Musk should invest in Bitcoin.
Mow urged Tesla to accept Bitcoin payments and adopt Bitcoin financial strategies. Tesla stopped accepting Bitcoin payments due to environmental issues in 2021, but still holds digital assets. Tesla's digital assets fell 11.61% in value in Q1.
Mow also suggested that SpaceX offer launch discounts to customers who pay with Bitcoin. He said the United States must start buying Bitcoin this year to avoid being preempted by other countries. Mow also warned Musk to take action before freezing fiat assets.
Lomob co-founder Boyd Cohen said that if Musk supports Bitcoin, he will spare no effort to build or buy the largest Bitcoin treasury and promote Bitcoin on the global stage. The fight began after Musk resigned as an adviser to Trump and criticized his tax policies. Trump said ending Musk's government subsidies and contracts would save the United States billions of dollars.
