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.
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 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.
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.
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.
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.
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