Cryptocurrency and Tesla: Recent Developments
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Questions and Answers

Tesla CEO Elon Musk tweeted that the company would not accept payments in ____.

Bitcoin

Dogecoin, a cryptocurrency created by Musk's company Tesla, rallied by about ____ percent following the tweets.

20

Some Twitter users welcomed Musk's statement, while others saw it as a sign that ____ was not going to replace traditional currencies.

Bitcoin

Study Notes

  • Tesla CEO Elon Musk tweeted that the company would not accept payments in Bitcoin because of environmental concerns.
  • This caused a decline in the value of Bitcoin, but the cryptocurrency has since stabilized.
  • Some Twitter users welcomed Musk's statement, while others saw it as a sign that Bitcoin was not going to replace traditional currencies.
  • Dogecoin, a cryptocurrency created by Musk's company Tesla, rallied by about 20 percent following the tweets.

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Description

Test your knowledge of recent events involving Tesla, Elon Musk, Bitcoin, and Dogecoin. Learn about the impact of Musk's tweets on cryptocurrency values and public opinion.

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