It is not the market that is to blame here, but specific people who blindly trust influential figures such as Elon Musk. This means that people still know little about cryptocurrency and how the cryptocurrency market works. We just need to get through this. In the future, this market will no longer react so strongly to such tweets.
As for Elon Musk, I believe that each of us has the right to express our opinions about the cryptocurrency. People will learn more about their idols.
Elon Musk is someone who increased his wealth by 1000x by investing in the right asset at the right time. So it is only natural for large number of people to follow what he is doing. If someone had such a fanbase, I would naturally expect him to behave in a more mature way. But unfortunately Elon Musk is exploiting his followers by changing his stance every now and then. In the end, people need to learn that billionaires such as Elon cares only for himself.