The entire spike may not be entirely due to Elon Musk, but we can't entirely write off his influence.
I agree. Elon is pretty influential and recently his tweets about few countries have increased their stocks. For instance, Etsy and dogecoin rose because of Elon's interest.
I could not agree more. With the degree of Elon Musk over his audience, it won’t be surprising if they would follow his footsteps. And if they see him embracing cryptocurrency, no wonder they would also try and promote it as well. Influence over people could really do something although I’m not necessarily saying that he made the price spike, but he led people to focus more now on cryptocurrency.