Why do people listen to Musk?

#DOGE Twitter regularly posts about Dogecoin and other digital coins, but they do not have the same effect as Elon Musk’s mentions of the altcoin. Now the entrepreneur is perceived by the IT community as an oracle, who, after the Tesla and SpaceX projects, has allegedly established himself as a person who turns his investments into good returns, says Oleg Abelev, an expert in the “Lemon for Tea” investment movement. In his opinion, any statements by Musk, even those not related to his fundamental business, are perceived by the market as a certain signal.$DOGE

Elon Musk is an opinion leader and he perfectly senses the mood of the public, explains Denis Voskvitsov, head of the fintech company Exantech. He argues that the 2020 crisis contributed to a change in the financial landscape, with many of Musk's Twitter supporters moving into financial markets. Now they not only invest in Tesla, but also buy Bitcoin, Voskvitsov notes.$DOGE