I guess this is what happens when you have a huge following. You become intoxicated and think you can do no wrong because legions of fans blindly follow you.
Not to mention your net worth kept increasing from 2020 - 2022.
I think one reason Elon supports crypto is because he gets a high from having the singular power to pump a coin to the moon and then getting the love and adoration from holders. The more coins (Doge, Shiba Inu, BTC) he pump, the more love he gets online. It's this adoration that he seems to be addicted to. It's similar to a social media influencer's number of likes and follows or a Stackoverflow member's upvoted answers.
Though it seems like Elon has taken a step back in 2023. Probably more to do with falling TSLA stock price more than anything.