Elon Musk is overall positive for the crypto sphere because he is an influential name. His acceptance of Bitcoin makes people look at BTC and crypto in general positively. However, his behavior on Twitter is quite irresponsible, whether it be about bitcoin, dogecoin, or tesla shares. The SEC should take this seriously. When he says tesla has not sold bitcoin, it is a complete lie and he should be taken to court for it. His company's regulatory filings show that Tesla has booked gains on BTC.

I think if people come to the crypto space because of him then eventually they will see that his tweets are of no use. Some people will leave the space immediately after that but some won't because they would have learned more about crypto and the benefits that come from the growth of this space.