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Questions and Answers
What was Elon Musk's reason for Tesla not accepting payments in Bitcoin?
What was Elon Musk's reason for Tesla not accepting payments in Bitcoin?
- Issues with the security of Bitcoin transactions
- Concerns about the volatility of Bitcoin's value
- Legal restrictions on cryptocurrency transactions
- Environmental concerns related to Bitcoin mining and transactions (correct)
How did the cryptocurrency market react to Elon Musk's tweets about Bitcoin and Dogecoin?
How did the cryptocurrency market react to Elon Musk's tweets about Bitcoin and Dogecoin?
- Bitcoin's value decreased while Dogecoin's value increased (correct)
- Bitcoin's value increased while Dogecoin's value remained stable
- Both Bitcoin and Dogecoin values increased significantly
- Bitcoin's value and Dogecoin's value both decreased
What was one of the concerns expressed by Elon Musk about the use of cryptocurrency?
What was one of the concerns expressed by Elon Musk about the use of cryptocurrency?
- Massive increase in fossil fuel use, especially coal (correct)
- Lack of government regulation for cryptocurrencies
- Potential for cyber-attacks on cryptocurrency systems
- Inability to trace cryptocurrency transactions
