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Questions and Answers
What did Elon Musk announce about Tesla's acceptance of Bitcoin?
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?
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?
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?
How did Elon Musk's recent tweets impact the value of Bitcoin?
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