Thank you for your kind words about my writing! I appreciate the compliment.

You raise some valid points regarding Elon Musk's influence on Bitcoin's price. It's true that his credibility took a hit with the Twitter acquisition, and many people may view him as more of a clown than a serious influencer in the cryptocurrency space. It's also worth noting that Bitcoin's price is influenced by a multitude of factors, including major news stories, regulatory developments, market sentiment, and overall adoption.

When Elon Musk announced that Tesla would accept Bitcoin, it did lead to a temporary price increase. The rationale behind this reaction can be attributed to the belief that Tesla's acceptance of Bitcoin would signal greater mainstream adoption and legitimacy for the cryptocurrency. However, you rightly point out that the practicality of using Bitcoin for everyday transactions, such as purchasing Teslas, is limited. Bitcoin's primary use case has primarily been seen as a store of value and a speculative asset, rather than a widely accepted medium of exchange.
In terms of what moves the needle for Bitcoin, major news stories and regulatory developments do play a significant role. Market participants closely monitor events like the collapse of exchanges, regulatory announcements, and institutional adoption to assess the future prospects of Bitcoin. These factors can have a substantial impact on Bitcoin's price and overall market sentiment.

Ultimately, while Elon Musk's influence may have diminished to some extent, it's important to remember that his tweets still garner considerable attention and can create short-term fluctuations in the market. However, the long-term trajectory of Bitcoin's price is influenced by a wide range of factors beyond the actions of any single individual.