Bitcoin: Bubble or Breakthrough? - Fun & Controversial

Bitcoin: Bubble or Breakthrough? - Fun & Controversial

University

18 Qs

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Bitcoin: Bubble or Breakthrough? - Fun & Controversial

Bitcoin: Bubble or Breakthrough? - Fun & Controversial

Assessment

Quiz

Professional Development

University

Practice Problem

Hard

Created by

Rafik Omar

Used 4+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The biggest scam in financial history is often debated. Which of these could be argued as worse than Bitcoin?

Tulip Mania (1630s) – People paid fortunes for flowers.

The Dot-com Bubble (1990s) – Investors bet on websites that failed.

Bitcoin – A digital asset backed by… nothing?

The 2008 Housing Crisis – Banks gambled with people’s homes.

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

If Bitcoin isn't a bubble, then how is it different from the South Sea Bubble of 1720, where investors poured money into a company that barely existed?

Bitcoin is decentralized, unlike the South Sea Company.

Bitcoin has a real-world use case (or does it?).

The South Sea Company collapsed, while Bitcoin still stands.

No difference—both were based on speculation.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some experts say Bitcoin is the greatest scam of the 21st century. Who made this claim?

Warren Buffett

Elon Musk

Satoshi Nakamoto

A guy who lost his savings trading Bitcoin

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

If Bitcoin is so revolutionary, why isn’t every country using it as legal tender?

Governments fear losing control over money

It’s too volatile for serious economies

It’s only useful for buying Lamborghinis and illicit goods

They’re secretly buying it while telling people not to

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most ridiculous thing people have bought with Bitcoin is:

Two pizzas for 10,000 BTC

A golden toilet seat

A trip to space with Jeff Bezos

A castle in Scotland

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Why is Bitcoin called “digital gold”?

Like gold, it’s rare—but only online

It has intrinsic value (or does it?)

You can melt it down into jewelry

Because people hoard it but rarely use it

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Bitcoin is decentralized, why do a handful of mining companies control most of it?

Because decentralization is a myth

Mining is expensive, so only big players win

Bitcoin secretly has a hidden government

The blockchain gods decide who gets Bitcoin

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