Thought leaders influence cryptocurrency. There are “bulls” and “bears” among famous people. The support of the former pulls the course up, the negative statements of the latter push it down.
Tesla and SpaceX CEO Elon Musk were in both of these roles. After the announcement that Tesla would accept digital assets as payment, the price of the coins increased. Word that Bitcoin is an environmental threat and the recent sale of 75% of BTC to Tesla contributed to the price drop. Musk also influences Dogecoin’s price (there are articles about this below).
Other popular “bulls” of the crypto market are Twitter CEO Jack Dorsey (he said that Bitcoin would become the “single currency” of the world), co-founder Apple Stephen Woznyak, legendary investor Bill Miller, economist Nassim Taleb and many other famous persons.
At the same time, there are some bears, opponents of cryptocurrencies: an American business magnate Warren Buffett, former chairman of the Board of Governors of the Federal Reserve System US Ben Bernanke, an American billionaire James Dimon and others.