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Questions and Answers
Which digital currency did Elon Musk say Tesla will not accept as payment?
Which digital currency did Elon Musk say Tesla will not accept as payment?
- Ripple
- Ethereum
- Litecoin
- Bitcoin (correct)
What was Elon Musk's reason for suspending vehicle purchases using Bitcoin?
What was Elon Musk's reason for suspending vehicle purchases using Bitcoin?
- Security concerns
- Volatility in price
- Lack of market demand
- Increasing use of fossil fuels (correct)
Which cryptocurrency rallied by about 20 percent after Elon Musk's tweet?
Which cryptocurrency rallied by about 20 percent after Elon Musk's tweet?
- Dogecoin (correct)
- Ripple
- Bitcoin
- Ethereum
Which cryptocurrency did Elon Musk express more support for in his recent tweets?
Which cryptocurrency did Elon Musk express more support for in his recent tweets?
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What did Elon Musk state about his belief in cryptocurrency in a recent tweet?
What did Elon Musk state about his belief in cryptocurrency in a recent tweet?
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Study Notes
Elon Musk and Cryptocurrency
- Tesla will not accept Bitcoin as payment for vehicle purchases.
- Elon Musk suspended vehicle purchases using Bitcoin due to concerns about the environmental impact of its mining process.
- Dogecoin's value rallied by about 20% after Elon Musk's tweet.
- Elon Musk expressed more support for Dogecoin in his recent tweets.
- Elon Musk stated that he believes cryptocurrency has a promising future, but it cannot come at a great cost to the environment.
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