Elon Musk, the CEO of Telsa, has been in the spotlight for the last few months after first announcing that Telsa will accept bitcoin as a payment option for its electric cars, followed by promoting meme-based cryptocurrency dogecoin (DOGE) and referring to himself as the dogefather.

His tweets have sent the cryptocurrency market into a tailspin. Following his Telsa announcement, Bitcoin reached an all-time high of $60,000, and Dogecoin, a joke-based coin with no real value associated, rose by nearly 10000 percent to reach nearly a dollar mark from being a penny currency, thanks to his multiple tweets promoting the cryptocurrency.

No one expects a leader and influencer like Elon Musk to simply blabber something on social media without giving it much thought or seeking advice from experts. His string of positive announcements promoting various cryptocurrencies came to an abrupt halt when he abruptly reversed his position on Tesla's bitcoin payment option, citing environmental concerns and CO2 emissions from bitcoin mining.

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021

Earlier that week, when his favorite dogecoin was about to hit a $1 milestone, his much-awaited SNL appearance crashed the dreams of dogecoin lovers when he called the currency a hustle on the show.

All of this occurred in May 2021, and following his bitcoin suspension announcement and energy remark, the entire crypto market experienced the largest crash in history, wiping out nearly a trillion dollars in less than a week. The crypto market is still reeling from this shock, as well as a slew of other rumours that followed Elon's lead, such as China prohibiting institutions from dealing with cryptocurrency and cracking down on crypto mining operations in the country. Many mining companies were forced to close their doors and relocate to other countries in order to continue operations. And the entire world's debate over authenticity and the future of crypto began all over again.

Elon Musk's repeated actions in the crypto world appear to have cost him — at least according to how people feel about him on Twitter. The positive-to-negative sentiment of tweets about Musk reached a new low in May, according to data from sentiment tracking company Awario, which was shared exclusively with Yahoo Finance a few days ago.

.@elonmusk’s positive/negative sentiment on Twitter has hit a new low since he announced Tesla would no longer accept #bitcoin for payment. The reversal sparked a 35% decline in the price of $BTC & a wave of negative tweets

My latest with @AwarioApp data: https://t.co/bFE24iYhIQ pic.twitter.com/RNqFuuGGyg

— Zack Guzman (@zGuz) June 2, 2021

In October 2020, Awario began tracking Musk's social media sentiments. Tweets in support of and against Elon Musk were roughly equal in January 2021, but by May, the ratio of positive-to-negative sentiment had dropped by about 25% to an all-time low. It appears to be following the bitcoin chart as well, pun intended. His current social media sentiments are 66 percent neutral, followed by negative tweets at 19.2 percent and positive tweets at only 14.9 percent.

Not only Gerber is warning Elon, but Russell Okung, an American football offensive tackle, has launched a billboard campaign featuring himself, advising Musk to avoid Bitcoin and instead focus on space. The campaign will run for two weeks in Miami, Florida, to coincide with the Bitcoin 2021 conference, which will begin on June 6, 2021. He also placed mobile billboards near SpaceX's Texas launch site and a Tesla facility in California.

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