Bitcoin Is a Better Version of Gold, Nexo's Trenchev Says

Bitcoin Is a Better Version of Gold, Nexo's Trenchev Says

Assessment

Interactive Video

Business

University

Hard

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the loan-to-value ratio used by the Bitcoin lending business to manage volatility?

90%

70%

50%

30%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Bitcoin considered a better version of gold according to the transcript?

It is more abundant than gold.

It has a fixed finite amount and is easier to transfer.

It is backed by physical assets.

It is less volatile than gold.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a crisis where the cell phone network is down, why might gold be preferred over Bitcoin?

Gold is more valuable.

Gold is less volatile.

Gold can be physically traded without technology.

Bitcoin is illegal in such situations.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason given for the need for cryptocurrencies like Bitcoin?

They are managed by central banks.

They are less volatile than traditional currencies.

They cannot be printed at will by central banks.

They are used primarily for illegal activities.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the transcript describe Bitcoin's role in an inflationary environment?

As a hedge against inflation.

As a replacement for all fiat currencies.

As a risky investment.

As a short-term trading asset.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential future price target for Bitcoin mentioned in the transcript?

$150,000

$50,000

$100,000

$75,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What caution is advised regarding Bitcoin investment at its current market cap?

Investing all savings into Bitcoin.

Avoiding Bitcoin entirely.

Using Bitcoin for daily transactions.

Investing children's college funds into Bitcoin.