Billionaire’s Conflict Shake-Up and Wake-Up the Crypto Market

When billionaires go to war, markets don’t just watch — they react. The recent public fallout between Elon Musk and Donald Trump has done more than trend on social media. It has sent ripples across the Bitcoin and broader crypto landscape, stirring debates, shifting narratives, and sparking new waves of speculation.

Tensions between Elon Musk and Donald Trump are more than a personal spat. This feud is now influencing the financial markets and stirring high-level discussions around Bitcoin. Crypto advocates like Samson Mow and Will Clemente have encouraged Musk to take a bold stance by converting Tesla and SpaceX’s treasuries into Bitcoin reserves.

Mow, CEO of Bitcoin technology firm JAN3, stated on X, “@elonmusk, it’s time to go all in on Bitcoin.” His advice isn’t just symbolic. He suggests that Musk should:

1. Resume Bitcoin payments for Tesla vehicles.
2. Encourage SpaceX to offer discounts to customers who pay in BTC.
3. Convert corporate treasuries into long-term Bitcoin holdings.

His call reflects a broader push within the Bitcoin community for influential entrepreneurs to shield their assets from potential political and regulatory threats.

This billionaire battle escalated when Musk criticized Trump’s proposed global tariffs, calling them a risk to the U.S. economy. Trump, in return, suggested cutting Musk’s government subsidies and threatened “serious consequences” if Musk supported Democratic rivals.

Behind the insults and threats lies a deeper issue: power and control over emerging financial systems. Some Bitcoiners argue that the best way for Musk to push back is to make a full Bitcoin pivot, potentially using BTC as a financial shield against political retaliation.

Boyd Cohen, CEO of Lomob, remarked that if Musk truly embraced Bitcoin, he wouldn’t do it halfway. “He’d build or buy his way to the biggest BTC treasury,” he said, hinting at Musk’s potential to reshape Bitcoin’s institutional profile overnight.

Musk once dabbled in Bitcoin. In early 2021, Tesla made headlines by buying $1.5 billion worth of Bitcoin and briefly accepting it as payment. But environmental concerns caused a sudden halt.

Now, Bitcoin advocates are urging Musk to revisit this decision. They argue that Bitcoin’s energy mix is improving and that the moment is ripe for Tesla and SpaceX to re-embrace Bitcoin. Mow even suggested that failing to do so might leave Musk financially vulnerable if traditional financial systems are used against him.

Notably, Tesla still holds hundreds of millions in digital assets, although its holdings dropped by over 11% in Q1 2025, per Cointelegraph.

Sixteen years after its creation, Bitcoin has undergone a stunning evolution. It was once dismissed as an anti-establishment tool used by libertarians and coders. Today, it’s a major talking point at political summits and Wall Street meetings.

This transformation was especially evident at the recent Bitcoin 2025 conference in Las Vegas. High-profile figures such as U.S. Vice President JD Vance, Eric Trump, and Donald Trump Jr. attended, signaling how far Bitcoin has entered the political mainstream.

Bitcoin is no longer just about peer-to-peer payments. It’s now a strategic asset, a hedge against inflation, and possibly a geopolitical instrument.

Michael Saylor made headlines for converting MicroStrategy’s balance sheet into Bitcoin. Now, others are following:

• Metaplanet: Recently became Japan’s most traded stock due to its aggressive Bitcoin buys.
• Twenty One: A new Bitcoin treasury firm backed by Tether, SoftBank, and Cantor Fitzgerald.

Samson Mow and other insiders believe that Musk could join this growing group. His ability to influence public sentiment and financial trends makes him a top candidate to lead the next wave of institutional Bitcoin adoption.

Jack Mallers, CEO of Strike and founder of Twenty One, says the trend is organic: “It’s not what institutions are doing for Bitcoin, it’s what Bitcoin is doing for them.”

Despite political fireworks and strong U.S. job data, Bitcoin continues to rise. On June 6, BTC crossed $105,000 after dipping slightly earlier in the week due to the Musk-Trump spat.

Trump, now focused on the Federal Reserve, called for a “full point” interest rate cut. He claims this would give “rocket fuel” to the economy. However, the Fed seems unlikely to oblige before September, based on CME Group’s FedWatch tool.

While equities remain vulnerable to rate decisions, Bitcoin appears to be gaining investor confidence as an alternative asset, less susceptible to political mood swings.

As politics and finance collide, Bitcoin finds itself in the crossfire. But it may also be benefiting.

Despite Trump threatening Musk with “serious consequences” over political funding choices, Bitcoin didn’t flinch. In fact, it slightly gained value, suggesting that investors view it as a safe haven amid institutional dysfunction.

Analysts are watching potential liquidity traps around the $99K-$102K range, but for now, the market holds firm.

So, What Does This All Mean?

Bitcoin has matured from an underground movement into a political and financial force. Whether Musk takes the plunge or not, one thing is clear: The next chapter of crypto will be written not just by developers, but by billionaires, presidents, and global institutions.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making investment decisions.

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