People follow him because he is the biggest man in cryptocurrency What he says happens. Is one of the people and when he speaks it is clear and easy.
He is a successful man in cryptocurrency The coin he talks about gets his price up. a few days ago he tweeted about dogecoin and check his price where are you. I think that's why people follow Elon Musk.
Well... that may be possible but then that means people who follow Elon Musk because of that means they don't have much background about bitcoin. Aside from that disregarding crypto connections, Elon Musk is a billionaire; of course people who aspire to be like him will follow him; what he does, how he thinks, and how he do things in his own way. That may be one reason, but there are other lots of reasons to consider.