Bitcoin Surges Following $1.5 Billion Tesla Investment

Bitcoin Surges Following $1.5 Billion Tesla Investment

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Business

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Hard

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Elon Musk's Tesla invested $1.5 billion in Bitcoin, planning to accept it as payment, marking a first for automakers. Musk and celebrities like Snoop Dogg have supported cryptocurrencies on Twitter, boosting Dogecoin's value. Musk's tweets have previously led to SEC charges, raising questions about his influence on crypto markets. A $1000 Bitcoin investment from last year would now be worth $6000.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What major step did Tesla take regarding Bitcoin?

They sold all their Bitcoin holdings.

They banned its use in their cars.

They invested $1.5 billion in it.

They started mining Bitcoin.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which automaker is the first to accept Bitcoin as a form of payment?

Tesla

Toyota

Ford

General Motors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which celebrity, alongside Elon Musk, supported cryptocurrencies on Twitter?

Taylor Swift

Snoop Dogg

Beyoncé

Kanye West

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the result of Musk's tweets in 2018?

He was awarded by the SEC.

He was banned from Twitter.

He was charged with fraud.

He became the richest man in the world.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you had invested $1000 in Bitcoin on January 1st of last year, how much would it be worth today?

$8000

$6000

$4000

$2000