Elon's influence over the crypto market comes from his large social media following and the fact that a lot of his followers believe in him almost religiously and will follow his whims blindly without questioning or taking the time to really research and understand it for themselves.

I think that his impact is currently lower than, say, a month ago, but there are always people whose opinions matter to many other people in any area, and given how Bitcoin is unregulated in terms of price and supply, it's more susceptible to changes and such people can affect the price significantly. People seek for authoritative figures, so that they can put some responsibility on other people and simply listen to things instead of thinking themselves. I think we should just accept it that Bitcoin is volatile and that media coverage, regardless of whether it's FUD or some real troubles, can trigger major changes of the price. But eventually Bitcoin recovers, so it's not a big deal.

pumping shitcoins is super easy. there are also a lot of pumping groups who are waiting for any excuse to pump these low shitcoins because the real profit is as it has always been in pump and dumping shitcoins. that is why we saw such a mssive DOGE pump when they had the "excuse" to pump it.

as for bitcoin, it was not Elon who crashed bitcoin. there were A LOT of reasons why bitcoin crashed. and since you are new i have to tell you that such crashes are very common during the bitcoin bull runs.

- the main reason was that bitcoin had gone up too much and too fast with only small corrections so it needed a "pause" before it co uld rise big again.
- the other reason was because the $65k-$70k prices were too hard to reach and after a couple of attempts they didn't break. so the correction starteed.
- the other reason which contributed a lot was a huge FUD campaign that fooled newcomes into selling their bitcoin by scaring them into thinking: bitcoin's energy consumption is huge (lie), some countries including China are banning bitcoin (another lie), FBI hacked bitcoin (another huge lie), and a lot of crap like that which they used to  keep it down this low.

yet people only see the "celebrity" and associate everything with them!!!

I absolutely agree with what you said. Celebrity or a country's influence will not cause such a price fall, Bitcoin is just reacting to market forces.
I don't get why people are quick to attribute bitcoin price to myths as if it's a stable coin.

Indeed, I have seen lately that the effect of Elon presence on crypto is not too big. Even so, don't expect too much. We have to stop chasing him and focus on the growth of crypto based on the naturalism of cryptocurrency, just as crypto would have grown without him. followers may get bored and lose interest.

how not, in this year alone the gains and losses that have been incurred are almost comparable. let's go back to the natural world, and it educates us not to rely on tweets that only benefit the big holders. As small traders we must be consistent in our decisions and choices about crypto. because it is long term. we must be able to manage finances in crypto as well as possible for the sake of future continuity that is not carried away by FUD.

For the past months, we've all witnessed how Elon Musk affected bitcoin's price after his announcement that he is not gonna accept it as a payment for Tesla anymore. Recently, he announced that he will once again consider accepting bitcoin since he found a good energy source for bitcoin mining that is not that harmful for the environment. It later on led for bitcoin's price to grow once again. Even though it is just a speculation, considering the standing or the position of Elon as a billionaire widely affects other billionaires mindset.

To my great regret, the power is great. Since this person is an idol for many and people listen strongly to everything he says. He also thinks it is very pleasant and the fact how he disposed of this trust and "power" also says a lot about this person. I hope that authoritative people within the community, leaders of large projects and other centers will fight this populist and put him in his place.

It looks like his influence on the market can still be quite big. He stated that he was thinking of starting to accept payments with Bitcoin again as most of Bitcoin mining started using renewable energies. And it affected Bitcoin price directly again this time in a positive way.

Why are people so interested in trying to talk about Elon when other institution like Microstrategy are also one of the biggest companies that have backed bitcoin with big investment?

Elon's effect in investing in bitcoin and meme coin is more accurately described as part of the price monopoly he created. He is a smart man whose power of money can play with price. $1.5 billion is a sufficient number to call it a bitcoin whale. While he is also eager to make something big out of his investment despite his supportive stance through news of his adoption as a mean of payment at Tesla. Now his influence in the market is much less than it was a few month ago and maybe that is because of his carelessness in disclosing inaccurate fact about bitcoin mining which is not environmentally friendly.

Elon's only "power" in crypto is whether or not Tesla accepts it.  He wants to milk that goose for attention as long as he can.  I suspect that he thought there would be more applause and a bigger show when Tesla started accepting Bitcoin, and in my opinion it was his expectations not being met with respect to his own limelight that made him stop accepting BTC, not environmental concerns.  You can bet when Tesla does decide to start accepting BTC again, it will be a giant spectacle meant only to stroke Elon's ego.  I can't wait.