What kind of waves will the crypto world create if Musk steps down?

Recently, the news of '50% of the public demanding Musk to step down' has received a lot of attention. If this happens, the impact on the crypto world cannot be underestimated.
Elon Musk
First, in terms of market sentiment, Musk has a great influence in the crypto world and can be regarded as a powerful 'booster'. His tweets often cause significant price fluctuations in certain cryptocurrencies. Previously, he supported Dogecoin, and the price of Dogecoin soared, bringing substantial gains to many investors. If he steps down, it seems like the crypto world would lose a key support, and investors will inevitably feel uneasy, leading to a rapid withdrawal of a large amount of capital, which will likely cause a sharp decline in the coin price.
Looking at policy expectations again, when Musk served in the Trump administration, many people expected him to create a more relaxed policy environment for the crypto world. If he steps down, these expectations will be dashed. The crypto world may face stricter regulatory measures, various restrictive policies will be introduced, squeezing the development space of the cryptocurrency market, and the price performance of the currency will also be affected.
Dogecoin
When it comes to specific currencies, Dogecoin is the first to come to mind. The abbreviation 'DOGE' of the 'Department of Government Efficiency' was the same as the Dogecoin code. Just this coincidence caused the price of Dogecoin to soar by over 20% in one day. If Musk steps down, without the strongest 'backing' of Dogecoin, the price is likely to plummet. The same goes for meme coins that have risen in popularity thanks to Musk. Without the celebrity effect, prices will fall, and trading will become quieter.
However, everything has two sides. Musk's step down may encourage the crypto world to bid farewell to blind speculation and move towards rational development. Without his personal halo interference, people will refocus on the technical strength and practical application value of cryptocurrencies. Some projects that truly have technical content and can solve practical problems may stand out, promoting the crypto world to readjust and embark on a healthier and more mature development path.
Overall, if Musk steps down, the crypto world will definitely experience a major turmoil in the short term. However, in the long run, this may also be an opportunity for the crypto world to break away from excessive reliance on celebrities and return to the right track driven by value. When the market corrects, which coins are worth paying attention to? #比特币盘整将持续多久？ ###你持有哪些AI概念币？ #Launchpool首发上线ANLOG #BTC