Austin, June 7, 2025 - The Bitcoin community is rallying behind Elon Musk, urging the Tesla and SpaceX CEO to leverage Bitcoin as a strategic weapon in his escalating public feud with U.S. President Donald Trump. The conflict, which intensified after Musk called Trump’s tax bill a “disgusting abomination” on June 3 and warned of a recession due to proposed tariffs, has prompted calls for Musk to adopt a Bitcoin treasury strategy and reinstate Bitcoin payments for Tesla.
Industry voices argue that such a move could safeguard Musk’s assets against Trump’s threat to terminate government subsidies and contracts, which Trump claims would save billions. With Tesla holding $951 million in Bitcoin as of Q1 2025 and the U.S. Strategic Bitcoin Reserve established in March, Musk’s potential pivot could reshape both his corporate strategy and the crypto landscape.
Bitcoin as a Strategic Countermeasure
Prominent Bitcoin advocates, who see it as a way to counter Trump's political pressure, have suggested that Musk should fully commit to Bitcoin. Proposals include Tesla resuming Bitcoin payments, halted in 2021 over environmental concerns, and SpaceX offering launch discounts for Bitcoin transactions. Such moves could position Musk’s companies as leaders in adopting a “hard money standard,” especially as Trump’s administration has yet to expand the U.S. Strategic Bitcoin Reserve’s 210,000 BTC holdings.
With Tesla’s Bitcoin stash valued at $951 million despite an 11.61% drop in Q1, a renewed commitment could signal defiance and bolster investor confidence amid the feud.
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Feud’s Impact on Musk’s Empire and Crypto Markets
The public insults that escalated the Musk-Trump spat on June 5 have increased the stakes for Musk's business empire, which depends on government contracts valued at over $19 billion annually for SpaceX alone. Trump’s threat to cut these ties has led to speculation that Musk could use Bitcoin to insulate his finances, particularly as global Bitcoin adoption grows, with countries like El Salvador holding 5,800 BTC.
Meanwhile, Bitcoin’s price has dipped to $102,180, down 3.61% weekly, partly due to market jitters from the feud. A bold move by Musk could spark a rally, especially with X’s 220 million users potentially amplifying crypto adoption through features like Bitcoin-encrypted XChats, launched on June 2.
Did You Know?
Tesla’s $951 million Bitcoin holdings represent approximately 9,200 BTC, making it one of the largest corporate holders of the cryptocurrency alongside Strategy’s $15 billion stash.
Broader Implications for Bitcoin’s Role
Musk’s potential embrace of Bitcoin could have far-reaching implications, both for his companies and the broader crypto market. Advocates suggest that a full-scale Bitcoin strategy, including building the largest BTC treasury, could position Musk alongside “Bitcoin Presidents” globally. However, risks remain, including regulatory scrutiny and environmental concerns that previously led Tesla to pause Bitcoin payments.
With the U.S. Strategic Bitcoin Reserve signaling government interest in crypto, Musk’s next steps could influence national policy and corporate adoption, potentially driving Bitcoin toward $150,000, as some analysts predict for 2025. The question is whether Musk will heed the call or navigate the feud through other means.
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