Bitcoin Advocate Samson Mow Urges Elon Musk to Embrace Crypto Amid Tesla Stock Turmoil
In a dramatic turn of events, Tesla's stock plunged 14% in a single trading session, wiping out its $1 trillion valuation as CEO Elon Musk engaged in a public feud with former President Donald Trump. This market reaction underscores the increasing sensitivity of investors to political risks associated with tech leadership. Seizing the opportunity, prominent Bitcoin advocate Samson Mow publicly called on Musk to integrate Bitcoin across his corporate empire. Mow's proposal highlights the growing intersection of cryptocurrency and traditional finance, suggesting that Bitcoin could serve as a stabilizing force amid market volatility. As of June 2025, this development adds fuel to the ongoing debate about the role of digital assets in corporate strategy and risk management.
Elon Musk Slammed by Trump, Tesla Stock Drop – Samson Mow Says ‘Buy Bitcoin’
Tesla's stock plummeted 14% in a single trading session, erasing its $1 trillion valuation amid Elon Musk's public feud with former President Donald Trump. The market reaction highlights growing investor sensitivity to political risk in tech leadership.
Bitcoin advocate Samson Mow seized the moment to push his crypto agenda, publicly urging Musk to adopt Bitcoin across his corporate empire. His proposal includes reinstating BTC payments at Tesla, implementing a Bitcoin treasury strategy, and offering SpaceX launch discounts for cryptocurrency payments.
The dramatic sell-off marks Tesla's worst performance in months, contrasting sharply with Bitcoin's relative stability during the same period. Mow framed his recommendation as a hedge against potential government overreach, suggesting fiat assets could face freezing risks.
Bitcoin Drops to $101K Amid Musk-Trump Political Turmoil
Bitcoin tumbled 3.5% to $101,355 as a public feud between Elon Musk and former U.S. President Donald Trump rattled markets. Nearly $1 billion in Leveraged positions were liquidated, with BTC futures accounting for $337 million—$308 million from overextended longs.
The sell-off breached Bitcoin's $103,000 support level, testing its 50-day moving average. Traders now watch the $100,000 psychological threshold; a breakdown could target $95,000-$98,000.
Market anxiety spiked as the political clash amplified volatility. The crypto sector saw $964.84 million in total liquidations, exposing the fragility of bullish leverage during geopolitical shocks.
NBA Legend Scottie Pippen Advocates for Bitcoin Education Amid Market Volatility
Retired NBA star Scottie Pippen has entered the cryptocurrency discourse with a straightforward directive: "Study Bitcoin." The six-time champion, now a vocal proponent of digital assets, emphasized the importance of understanding Bitcoin's underlying technology and value proposition. His comments coincided with a 2% price dip, with BTC trading NEAR $104,000.
Pippen's engagement extends beyond rhetoric. His "Game 5 Ball" initiative integrates sports memorabilia with blockchain technology, demonstrating practical applications of tokenization. The project reflects a growing trend of athletes bridging physical and digital asset ecosystems.
On-chain metrics reveal surging network activity, with analysts identifying chart patterns suggesting potential upside to $140,000. The convergence of celebrity endorsement and fundamental strength underscores Bitcoin's evolving narrative—from speculative asset to educational imperative.
Bitcoin Liquidity Boost: U.S. Treasury’s $10B Debt Buyback Spikes Crypto Market
The largest U.S. Treasury buyback in history—a $10 billion purchase—has ignited a rally in the crypto market, with bitcoin surging nearly $3,000 on Friday. This liquidity injection raises questions about whether it could propel Bitcoin into the next phase of its bull market.
The move effectively counteracted yesterday's market downturn triggered by a public feud between former President TRUMP and Elon Musk, which had pushed Bitcoin as low as $100,500. Treasury buybacks typically weaken the dollar by increasing financial liquidity and easing bond yield pressures, creating a favorable environment for Bitcoin.
Technical charts show Bitcoin rebounding sharply from a 5.15% drop on Thursday, bouncing off the bottom of a descending channel. The rapid recovery underscores the market's sensitivity to macroeconomic liquidity events.
Institutional Bitcoin ETF Holdings Decline as Corporate Reserves Gain Traction
Institutional allocations to spot Bitcoin ETFs have declined for the first time since their January 2024 launch, according to Q1 2025 13F filings. Hedge funds reduced exposure as the futures-based arbitrage trade that initially fueled demand began to unwind. Millennium Management slashed its iShares Bitcoin Trust (IBIT) position by 41%, while Brevan Howard and the State of Wisconsin Investment Board exited or trimmed stakes.
The collapse of the BTC futures basis trade played a key role. The annualized premium in CME futures over spot prices—which incentivized long spot ETF and short futures pairings—plummeted from 15% earlier in the year to near zero by Q1's end. Fast-money managers retreated, but long-term allocators like Abu Dhabi's Mubadala sovereign wealth fund boosted IBIT holdings to 8.7 million shares.
Corporate Bitcoin ownership remains resilient despite ETF outflows. The divergence suggests institutions are reevaluating short-term ETF strategies while maintaining conviction in BTC's long-term value proposition.
Truth Social Bitcoin ETF Approval Timeline Set for February 2026
Analyst James Seyffart indicates the SEC will decide on the Trump-associated Truth Social Bitcoin ETF by February 18, 2026. The approval could accelerate crypto adoption, leveraging the combined appeal of Bitcoin and Truth Social's political branding.
The ETF's structure relies on a Nevada-based trust, with Yorkville Digital and Foris DAX ensuring operational integrity. Market observers anticipate heightened retail interest and potential price impacts if approved.
