According to experts, Musk's influence on the cryptocurrency market is far from over as Bitcoin's fate is still tied to the Tesla CEO's tweet.

Elon Musk has helped make crypto more mainstream in the eyes of Wall Street investors. However, now every share of Musk on Twitter scares them.
The price of  Bitcoin  was blown by about 25% in a week, partly due to Musk's attention-grabbing tweets as well as the harmful effects of Bitcoin mining, and later in favor of Dogecoin.