There was a time I made a post on this platform explaining how I see a time coming when Elon Musk will be making an effort to dominate the crypto world which will keep his wealth measured higher. Unfortunately, moderators of this platform deleted the post. Today it is coming to pass.
If its in the right section of the forum then I doubt it will be deleted.
About Elon Musk. I think the big question would be if he made an impact on the cryptocurrency industry. He made a lot of ruckus buying $1.5 billion worth of Bitcoin, and then next to it is boosting Dogecoin.
So I guess he did made an impact in a different way. On social media especially, because those who haven't got a clue about it was suddenly introduced and maybe those who are pessimistic about Bitcoin and other cryptocurrencies changed their mind thanks to him.
The impact was seen at how Bitcoin rose to 5 digits in value because the demand suddenly sky rocketed and no one really expected it to be that fast.
He can definitely make a market swing thanks to his followers and connections.
Is he using crypto for attention of his product? I think he is. And now even X (formerly Twitter) is also reaping those rewards.