6 Questions
What did Elon Musk announce about Tesla?
They will not accept payments in Bitcoin
What did Elon Musk announce about Tesla?
They will no longer accept payments in Bitcoin
What happened to Bitcoin value after Elon Musk's statement?
It decreased
What was the result of Elon Musk's announcement?
A decrease in Bitcoin value
How did people respond to Elon Musk's statement?
They were encouraged
How did people react to Elon Musk's statement?
They welcomed it
Study Notes
- Tesla CEO Elon Musk announced that the company will not accept payments in Bitcoin because of environmental concerns.
- However, he said he was working with developers of Dogecoin to improve system transaction efficiency.
- This caused a downward spiral for Bitcoin value, but the cryptocurrency has stabilised since.
- Some people welcomed Musk's statement, while others referred to his previous assertion that crypto could become the world's future currency.
Test your knowledge about recent cryptocurrency events, including Elon Musk's impact on Bitcoin and Dogecoin, and the reactions to his statements. Explore the dynamic world of cryptocurrencies and the influence of high-profile figures.
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