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Elon Musk's Influence on Cryptocurrency Market Quiz

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Elon Musk's Influence on Cryptocurrency Market Quiz

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Questions and Answers

What was the reason cited by Elon Musk for Tesla not accepting payments in Bitcoin?

Rapidly increasing use of fossil fuels for Bitcoin mining

Mismanagement of Bitcoin by its developers

Lack of transaction efficiency in Bitcoin

Concerns about the environmental impact of Bitcoin (correct)

How did the value of Bitcoin and Dogecoin react after Elon Musk's statements?

Both Bitcoin and Dogecoin values increased

Both Bitcoin and Dogecoin values decreased

Bitcoin value decreased, Dogecoin value increased (correct)

Bitcoin value increased, Dogecoin value decreased

What was the focus of Elon Musk's recent tweets in relation to cryptocurrencies?

Expressing concern about the environmental impact of cryptocurrency (correct)

Promoting the efficiency of Bitcoin transactions

Supporting the use of fossil fuels for cryptocurrency mining

Advocating for the adoption of cryptocurrency as the world's future currency

How did Elon Musk's tweets affect the value of Bitcoin?

<p>Caused a downward spiral for Bitcoin value initially but then stabilized</p> Signup and view all the answers

Elon Musk's Influence on Cryptocurrency Market Quiz

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Questions and Answers

What was the reason cited by Elon Musk for Tesla not accepting payments in Bitcoin?

How did the value of Bitcoin and Dogecoin react after Elon Musk's statements?

What was the focus of Elon Musk's recent tweets in relation to cryptocurrencies?

How did Elon Musk's tweets affect the value of Bitcoin?

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