Elon Musk and Cryptocurrency

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Questions and Answers

Which cryptocurrency experienced a rally of about 20 percent after Elon Musk tweeted about working with its developers?

  • Dogecoin (correct)
  • Litecoin
  • Bitcoin
  • Ethereum

What was Elon Musk's reason for Tesla not accepting payments in Bitcoin?

  • Bitcoin's high transaction fees
  • Environmental concerns (correct)
  • Bitcoin's volatility
  • Lack of regulatory framework

Which cryptocurrency hit a two-month low after Elon Musk announced that Tesla will not accept payments in Bitcoin?

  • Bitcoin (correct)
  • Ethereum
  • Dogecoin
  • Litecoin

What did Elon Musk state as his belief in the recent tweet regarding cryptocurrency and fossil fuel use?

<p>He believes in the potential of cryptocurrencies (D)</p> Signup and view all the answers

Which cryptocurrency did Elon Musk tweet about more frequently in recent months?

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

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