NewsletterSamson Mow Urges Elon Musk To Adopt Bitcoin Strategy As Tesla Stock Drops 14%
Highlights
- Samson Mow advised Elon Musk to go all in on Bitcoin, by allowing Tesla to adopt a BTC Strategy.
- He also urged the world's richest man to allow SpaceX offer discounts on launches paid in BTC.
- This comes amid the Tesla stock crash, caused by the world's richest man feud with Donald Trump.
Bitcoin maximalist Samson Mow has made an interesting proposition to the world’s richest man, Elon Musk. This comes amid Musk’s clash with President Donald Trump, which has led to a 14% drop in Tesla stock today, with the company’s market cap falling below the $1 trillion mark.
Mow Urges Musk To Go All In On Bitcoin Amid Tesla Stock Crash
In an X post, Samson Mow told the world’s richest man that it is time to go all in on Bitcoin. He advised him that Tesla can take BTC for payments again and implement a Bitcoin Treasury Strategy. Mow added that Musk’s SpaceX can also offer a discount on launches paid in BTC.
The Bitcoin maximalist believes that this will force a hard money standard on the money printers. He also urged Musk to make this move before they freeze his fiat assets, stating, “This is not financial advice. This is freedom advice,” especially seeing as the Tesla stock crash could significantly impact his fortune.
This advice comes amid Musk’s clash with Trump over the ‘Big Beautiful Bill,’ which would increase the US debt. Musk openly called out the president in a series of X posts, leading to the Tesla stock crash.
TradingView data shows that the Tesla stock closed today’s trading session down over 14% at $284.68, representing its biggest one-day percentage decline since March 10. As a result, the stock’s market cap is now below the $1 trillion mark, currently at $917 million.
Besides Samson Mow, Twitter co-founder Jack Dorsey also earlier pitched Bitcoin to Musk in an X post. He simply reminded the world’s richest man about a post he made in 2020, where he said, “Bitcoin is my safe word.”
In this case, Mow and Dorsey believe that Bitcoin can be a flight to safety for Musk as his feud with the president escalates. Amid the criticism of the spending bill, XRP lawyer and former Senatorial candidate John Deaton also predicted that Musk and Tesla could buy more Bitcoin. The automobile company currently holds over 11,000 BTC in its portfolio.
At the time of writing, the Tesla stock is down over 2% in after-hours trading. Musk has continued his criticism of Trump and has gone as far as calling for the president’s impeachment.
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