Musk does now have the title of the richest person on the planet therefore when he makes an announcement or calls for a press conference or when he uses social media to put out his message it is big news. I was not at all surprised that the price of DOGE went sky high after the tweet.

He knows exactly what impact he will have on the crypto market but that is a lot of power for one person to have to be able to make a coin or token jump just because he promotes it.

I think he will get in to crypto at some point and he will launch his own blockchain because an ETH-based token just will not do for him...