I like the ambitions that Elon Musk has and the charisma that he carries but what's happening right now is very bad. One man has a huge influence on everything, one word of Elon Musk can destroy or rise the things like Phoenix. Tesla invested in Bitcoins and price went from 38K up to 44K in just some hours. Yeah, if Paypal, Visa or any other company bought bitcoin that would happen too but what happens around Musk is very different.
Elon Musk says that Signal is better and everyone moves on that.
Elon Musk says that Doge is a good coin and everyone invest.
Elon Musk says that Bitcoin is a good thing and it rises.
Elon Musk's company invests in bitcoin and it rises.
What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.
I don't think it's a healthy behaviour from people.
Nothing strange or unhealthy I see in it. It is an ordinary thing. Human is such a creature - emotional, that in most cases chooses things via emotional prizm, starting from goods, clothes, gadgets and finishing with way of living, earning and spending money. May be it will be a great surprise for you, but we are all manipulated, and directly or implicitly are influenced on our choices by lots of factors - advertising drives us, more or less obtrusively (and more or less effectively) influences, encouraging us to choose products, goods, lifestyle, political technologies govern, forcing (just like advertising) to choose those who rule us, to choose the future of our country and our future and so on. And famous names are not the exception. But of course it is great in case a person think by his own brains and control emotions while making decisions, despite all those factors.