Cryptocurrency Market Influence Quiz
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Questions and Answers

What was Elon Musk's recent statement about Tesla's acceptance of Bitcoin?

  • Tesla is considering accepting payments in Ethereum
  • Tesla will not accept payments in Bitcoin due to environmental concerns (correct)
  • Tesla has completely stopped all cryptocurrency transactions
  • Tesla will only accept payments in Dogecoin

    • How did the value of Bitcoin and Dogecoin react to Elon Musk's statements?

  • Both Bitcoin and Dogecoin hit a two-month low
  • Bitcoin rallied, while Dogecoin hit a two-month low
  • Both Bitcoin and Dogecoin rallied by about 20 percent
  • Bitcoin hit a two-month low, while Dogecoin rallied by about 20 percent (correct)

    • What did Elon Musk state about his belief in cryptocurrency despite environmental concerns?

  • He strongly believes in crypto but is concerned about its impact on fossil fuel use (correct)
  • He believes cryptocurrency has no impact on environmental concerns
  • He no longer believes in the future of cryptocurrency
  • He believes cryptocurrency is solely responsible for the increase in fossil fuel use

    • How have some Twitter users reacted to Elon Musk's statements?

    <p>Welcomed Musk's statement and expressed support for Dogecoin</p> Signup and view all the answers

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