5 Questions
Which digital currency did Elon Musk say Tesla will not accept as payment?
Bitcoin
What was Elon Musk's reason for suspending vehicle purchases using Bitcoin?
Increasing use of fossil fuels
Which cryptocurrency rallied by about 20 percent after Elon Musk's tweet?
Dogecoin
Which cryptocurrency did Elon Musk express more support for in his recent tweets?
Dogecoin
What did Elon Musk state about his belief in cryptocurrency in a recent tweet?
He believes it is the future of finance
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.
Test your knowledge on Elon Musk's impact on the cryptocurrency market and his recent tweets about Bitcoin and Dogecoin. Explore the environmental concerns surrounding Bitcoin and the potential improvements in transaction efficiency with Dogecoin. Discover how these statements have affected the world's largest cryptocurrency.
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