Some say Elon Musk is a tech giant; a more accurate description is that he is the strongest emotional leverage in the crypto market. His identity as Tesla CEO and SpaceX founder is just surface-level; his true role is that of a natural market maker with 54 million Twitter followers. A single tweet can trigger fluctuations worth hundreds of millions, a capability unparalleled in the crypto world.

Just look at his classic moves. In 2021, when he declared "Dogecoin is the people's currency," DOGE surged 500% in a week. Changing the Twitter blue bird logo to the Dogecoin logo instantly wiped out $3 billion in shorts. By 2024, his father Errol Musk launched the MuskIt token, raising $200 million, with MUSK coin soaring 300% in a single day, directly sparking a wave of "celebrity tokens."

The most ironic thing is his "flip-flopping" on BTC. First, he announced Tesla would accept Bitcoin payments, causing BTC to rise 20% in a day. Three months later, citing environmental concerns, he canceled the initiative, and BTC dropped 15% in a day. The Wall Street Journal called it "the most expensive environmental initiative." Such moves would have long been scrutinized by regulators in traditional finance, but in crypto, they became legendary stories.

His business logic is actually very clear. Tesla holds about $1 billion in BTC, SpaceX has even started accepting DOGE for satellite launches, and the X platform is integrating crypto payment features. This is not just retail speculation but a complete ecosystem—his father handles project incubation, his son creates hot topics, forming a "Musk economic circle" with interconnected effects.

Recently, he sent out a new signal: "AI robots will use Dogecoin to tip humans in the future." As soon as this statement was made, DOGE's 24-hour trading volume surged 400%, and the entire AI + Memecoin sector saw an average increase of 80%. Some analysts chuckle bitterly, saying, "He's really writing a new script for the market."

Interestingly, retail investors' attitudes toward him are full of contradictions. When prices rise, they shout "Musk is the crypto savior"; after losses, they curse "that scammer stole half my salary." Every tweet receives both enthusiastic comments like "THANK YOU ELON" and accusations like "STOP MANIPULATING." This is the current state of crypto—seeking certainty amid uncertainty.

From a certain perspective, Musk has taught the entire market a lesson. The essence of cryptocurrency is a consensus game; celebrity effects are often more valuable than technical whitepapers, and absurd propaganda can even surpass rigor. He doesn't need to deeply understand blockchain technology because he understands human nature. He doesn't need to be a market maker himself because he is essentially the market maker's market maker. In crypto, influence is the ultimate form of currency.

So remember: when Musk starts talking, first cover your wallet, then press record.