Cryptocurrency Market Influence Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

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 (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Use Quizgecko on...
Browser
Browser