McDonald’s reacts to Bitcoin memewagon on Crypto Twitter among hilarious responses
Crypto Twitter’s prominent enthusiasts, supporters and entrepreneurs who had been sharing memes on Twitter about getting odd jobs amid the ongoing cryptocurrencies market crash, were also joined by fast-food giant McDonalds.
Bitcoin’s price has been witnessing a steady downfall since it had breached an all-time high of $69,000 in November 2022. As Bitcoin had started trading below the $40,000 mark, crypto millionaires and investors had started sharing memes on
Twitter, joking they would prefer getting jobs at fast-food restaurants now.
El Salvador’s President Nayib Bukele has also embraced the meme culture and recently uploaded a new profile picture of himself, showing him deliver one of his speeches sporting an oddly photoshopped McDonald’s brand cap and T-shirt.
Bukele joined in on the fun along with numerous others while McDonald’s acknowledged that the ongoing developments within Crypto Twitter were also being followed closely by influential members of the crypto community, including Altcoin
Daily and Cardano’s Founder, Charles Hoskinson.
While Binance had responded to the question through a picture of a crying face that was hidden behind a smiling mask, McDonald’s had consoled the largest crypto exchange with a “wagmi (“we are gonna make it”).
However, Bukele seemed he had bigger plans in mind when he tweeted asking followers whether he should quit Bitcoins and open a burger joint.
Amid the highly uncertain market condition, Bloomberg’s expert commodity strategist Mike McGlone has said he believes in the possibility of Bitcoin’s comeback since investors have recognized its value as a digital reserve asset.
McGlone has stated that cryptocurrencies are among the topmost risky and speculative and that if risk assets decline, it would help the Fed’s inflation fight. He said that becoming a global reserve asset, Bitcoin could be a primary beneficiary in the scenario.
McGlone said he believes the “enduring trio”, namely Bitcoin, Ether and USD-pegged stablecoins, would maintain dominance throughout the entire 2022.