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Elon Musk and Cryptocurrency Quiz

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Questions and Answers

What did Elon Musk announce about Tesla's acceptance of Bitcoin?

Tesla will only accept payments in Bitcoin from now on

Tesla will accept payments in Bitcoin but not for vehicle purchases

Tesla will not accept payments in Bitcoin due to environmental concerns (correct)

Tesla has started accepting Dogecoin as an alternative to Bitcoin

How did the two distinct statements from Elon Musk affect the cryptocurrency market?

Bitcoin and Dogecoin both experienced a slight decrease in value

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

Bitcoin and Dogecoin both hit all-time highs

Bitcoin remained stable while Dogecoin plummeted

What was Elon Musk's concern about the use of fossil fuels for Bitcoin mining and transactions?

No concern about the use of fossil fuels for Bitcoin mining and transaction

Decreasing use of fossil fuels for Bitcoin mining and transaction

Use of renewable energy for Bitcoin mining and transaction

Rapidly increasing use of fossil fuels for Bitcoin mining and transaction (correct)

How did Elon Musk's recent tweets impact the value of Bitcoin?

<p>Triggered a downward spiral for Bitcoin value but the cryptocurrency has stabilized since</p> Signup and view all the answers

Elon Musk and Cryptocurrency Quiz

Choose a study mode

Podcast

Questions and Answers

What did Elon Musk announce about Tesla's acceptance of Bitcoin?

How did the two distinct statements from Elon Musk affect the cryptocurrency market?

What was Elon Musk's concern about the use of fossil fuels for Bitcoin mining and transactions?

How did Elon Musk's recent tweets impact the value of Bitcoin?

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