Elon Musk and the Digital Currency Market
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Elon Musk and the Digital Currency Market

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Questions and Answers

Why did Elon Musk tweet that Tesla will not accept payments in Bitcoin?

  • He wants to promote the use of Dogecoin
  • He wants to increase the value of Dogecoin
  • He wants to decrease the value of Bitcoin
  • He is concerned about the environmental impact of Bitcoin mining (correct)

    • What happened to the price of Bitcoin after Elon Musk's tweet about Tesla not accepting payments in Bitcoin?

  • It decreased by 20 percent
  • It hit a two-month low (correct)
  • It remained stable
  • It hit an all-time high

    • Which cryptocurrency did Elon Musk state he was working with developers to improve system transaction efficiency?

  • Bitcoin
  • Dogecoin (correct)
  • Ethereum
  • Ripple

    • Which cryptocurrency rallied by about 20 percent after Elon Musk's tweet about working with developers to improve system transaction efficiency?

    <p>Dogecoin</p> Signup and view all the answers

    Which cryptocurrency does Elon Musk often tweet in support of, according to the text?

    <p>Dogecoin</p> Signup and view all the answers

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