Wealthy people are much prioritised. Not only with cryptocurrency, this mentality is common. There is an universal system in which what the wealthy ones does is always good. This is the philosophy that's been followed here with Elon Musk. Maybe more other persons have made similar statements relative to cryptocurrency, but his words gets importance. Because, he has achieved a position.
Another thing I found from recent trend is the wealthy people's participation into cryptocurrency investment. People who have made millions stood away with their own traditional businesses, but the recent tweets have influenced the wealthy investors into crypto.
More than the common man wealthy people are much influenced by Elon Musk.
Usually people who are always prioritized will get a lot of attention around the world including Elon Musk who is currently a priority for his followers, I think their business world is strong enough in the real world so when it comes to the cryptocurrency market being part of the business too it will certainly affect everything is included in market movements that can be called manipulation, so this philosophy is true that rich people will always be in their hands just by tweeting.
Still, there are many who have followed in their footsteps into the crypto market and even other institutions have now recognized how great bitcoin has been, so this will be an adoption in their company.