Full porting Bitcoin could be Musk's Trump card in feud
The Bitcoin community is urging Tesla CEO Elon Musk to invest heavily in Bitcoin as a means to leverage his current feud with former President Donald Trump. Traders and analysts, including Samson Mow, CEO of JAN3, believe Musk should adopt a Bitcoin treasury strategy and accept Bitcoin payments for Tesla products. Mow suggested that Musk's SpaceX could offer discounts to customers who pay in Bitcoin, advocating for a shift towards a hard money standard. The feud between Musk and Trump intensified after Musk criticized Trump's tax policies and tariffs on social media. Bitcoin enthusiasts speculate that if Musk were to fully embrace Bitcoin, he would significantly increase its prominence and promote it on a global stage. With the ongoing tensions, Mow warns that Musk should make these moves quickly to safeguard against potential actions that could freeze his fiat assets, emphasizing the urgent need for strategic investment in Bitcoin by influential figures like Musk.
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