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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

Match the following statements with the corresponding cryptocurrency:

Working with developers to improve system transaction efficiency = Dogecoin Hit a two-month low after Tesla's announcement = Bitcoin Supported often by Elon Musk in his tweets = Dogecoin Tesla suspended vehicle purchases using this cryptocurrency = Bitcoin

Match the following individuals/companies with their actions:

Expressed environmental concerns about Bitcoin = Elon Musk Stopped accepting payments in Bitcoin = Tesla Tweeted in support of Dogecoin = Elon Musk Working on improving Dogecoin's system transaction efficiency = Elon Musk

Match the following cryptocurrencies with their market reactions:

Rallied by about 20 percent after Elon Musk's tweet = Dogecoin Experienced a drop in value after Tesla's announcement = Bitcoin

Match the following statements with the corresponding reasons:

<p>Tesla stopped accepting this due to environmental concerns = Bitcoin This rallied after Elon Musk announced he was working with its developers = Dogecoin</p> Signup and view all the answers

Match the following cryptocurrencies with their related actions/events:

<p>Elon Musk is working with developers to improve its system transaction efficiency = Dogecoin Tesla suspended vehicle purchases using this cryptocurrency due to environmental concerns = Bitcoin</p> Signup and view all the answers