RSS News Feed

Bitcoin Backing Urged as Musk-Trump Feud Escalates – Bitbo


Key Takeaways

  • Samson Mow urged Elon Musk to undertake a full Bitcoin technique at Tesla and SpaceX.
  • Tesla’s digital asset holdings dropped from $1.076 billion to $951 million in Q1.
  • The Musk-Trump feud intensified with mutual criticism over tariffs and subsidies.

As tensions rise between Elon Musk and Donald Trump, outstanding voices within the Bitcoin house are encouraging Musk to totally embrace Bitcoin as a strategic countermeasure.

Samson Mow’s name to motion

JAN3 CEO Samson Mow on June 6 wrote:

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

He urged Musk to start accepting Bitcoin funds at Tesla once more and to undertake a Bitcoin treasury technique.

Tesla had beforehand halted Bitcoin funds in 2021 over environmental considerations however nonetheless holds over $950 million in digital property, down from $1.076 billion firstly of Q1.

Bitcoin reductions at SpaceX

Mow went additional, suggesting that Musk’s aerospace firm, SpaceX, ought to supply reductions to clients who pay in Bitcoin.

Mow said:

Pressure a tough cash normal on the cash printers.

He additionally warned Musk:

Not less than do it earlier than they freeze your fiat property.

The Musk-Trump feud

The remarks come amid a rising feud between Musk and Trump.

The conflict started when Musk criticized Trump’s tax invoice on June 3 and escalated with public barbs, together with Musk warning that Trump’s proposed world tariffs would set off a recession.

Trump responded by suggesting Musk’s authorities contracts needs to be terminated to save lots of taxpayer cash.

Boyd Cohen’s perspective

Lomob CEO Boyd Cohen added that if Musk totally embraced Bitcoin:

He’d construct or purchase his technique to the most important BTC treasury.

Cohen additionally stated Musk would additionally put it up for sale as…

… the one path to freedom.

Bitbo Dashboard → / Unique Article





Source link