Cryptocurrency
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Questions and Answers

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?

  • 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?

  • 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

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