The billionaire's presence certainly has been felt in the crypto world — but Musk remains defensive of his Twitter habits.
But Musk was also responsible for some pretty dramatic pullbacks. BTC slumped after he tweeted that its price seemed "too high." And an even worse crash happened when Tesla abandoned BTC as a payment method over environmental concerns.
Very quickly, the 50-year-old's standing in the crypto community changed — from a hero to a villain.
All of this comes before we've discussed his passion for Dogecoin, with the entrepreneur playing an instrumental role in the memecoin's surge in 2021.
This culminated with an appearance as host on Saturday Night Live in May.
An Interesting Perspective
But perhaps the most enlightening exchange concerned his Twitter habits, which have landed him in hot water with regulators in the past. Musk argues:
"Markets move themselves all the time, based on nothing as far as I can tell. So the statements that I make, are they materially different from random movements of the stock that might happen anyway? I don’t think so."