News
  • Qadir AK
    author-profile

    Qadir AK right arrow

    Author

    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

    • author facebook
    • author twitter
    • linkedin

  • Updated by: Zameer Attar

    author image

    Zameer Attar right arrow

    Updated

    Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

    • Reviewed by: Zafar Naik

      author profile

      Zafar Naik right arrow

      Reviewed

      Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

      • 2 minutes read

      Elon Musk Slammed by Trump, Tesla Stock Drop – Samson Mow Says ‘Buy Bitcoin’

      Story Highlights
      • Tesla’s stock plunged over 14%, dropping its market cap below $1 trillion amid Elon Musk’s feud with President Trump.

      • Bitcoin advocate Samson Mow urges Musk to adopt a Bitcoin Treasury strategy and resume BTC payments at Tesla and SpaceX.

      • Crypto leaders like Jack Dorsey and John Deaton back the idea that Bitcoin could stabilize Tesla’s finances during the turmoil.

      Tesla’s stock just took a beating, dropping more than 14% in a single day and losing its $1 trillion market cap. The reason? Elon Musk’s escalating feud with President Donald Trump.

      Now, Bitcoin advocate Samson Mow is stepping in with bold advice: it’s time for Musk to turn to Bitcoin.

      Mow’s Bitcoin Blueprint for Tesla and SpaceX

      As the markets react to Musk’s political clash, Mow took to X to share his strategy. He urged Musk to start accepting Bitcoin payments again at Tesla and adopt a Bitcoin Treasury strategy.

      He also suggested that SpaceX could offer discounts for launches paid in BTC – a move he says would push back against inflation and weakening fiat systems. “This is not financial advice. This is freedom advice,” Mow added, warning that Musk should act before his fiat assets are possibly frozen.

      Mow believes Bitcoin can serve as a safeguard, and a statement, against government overreach and economic uncertainty

      Tesla’s Worst Trading Day in Months

      Tesla shares closed at $284.68, marking their biggest one-day drop since March 10. The stock is now down nearly 20% in the past five days, and the market cap has slipped to $915.74 billion.

      Even after hours, the decline continued with another 2% dip. At the time of writing, Tesla is trading at $298.60.

      Musk vs. Trump: What Sparked the Crash?

      The market drop follows Musk’s public criticism of Trump’s proposed “Big Beautiful Bill,” a government spending plan that would increase U.S. debt.

      Musk slammed the bill in several X posts and even called for Trump’s impeachment, comments that clearly shook investor confidence and triggered the sell-off.

      Crypto Voices Back Mow’s Call

      Samson Mow isn’t the only one encouraging Musk to lean into Bitcoin.

      Jack Dorsey, Twitter’s co-founder, reposted Musk’s old 2020 comment: “Bitcoin is my safe word.” It was a subtle nudge at a time when Musk might need a financial safe haven.

      XRP lawyer John Deaton also chimed in, predicting that Tesla could buy even more Bitcoin. The company already holds over 11,000 BTC in its portfolio.

      What’s Next? All Eyes on Musk

      With Tesla’s stock under pressure and Musk’s clash with Trump heating up, the crypto world is watching closely.

      Will he listen to Mow and double down on Bitcoin? Or stay the course despite the market hit?

      Whatever Musk does next could shake up both the stock market and the crypto space – again.

      Show More

      Related Articles

      Back to top button