"They Dug Their Own Graves," says Elon Musk about the housing crisis.

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Elon Musk, CEO of Tesla, frequently tweets his opinions

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Ranging from his opinions on cryptocurrencies to his statement that Tesla stock prices are excessive

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With just seven words, the latter tweet reduced the company's value by $14 billion

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It would be an understatement to say that his thoughts can affect markets

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Billy Markus, a co-founder of Dogecoin and Twitter user known as Shibetoshi Nakamoto

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Markus stated in the tweet that the initial motivation for the creation of cryptocurrency was...

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To the tight central bank supervision that came into effect after the 2008 financial crisis, which resulted in massive money creation and bailouts

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Musk commented on the tweet by saying that

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During the 2008 recession, people made the fundamental mistake of assuming that house prices only increase

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