McDonald’s jumps on Bitcoin ( $20,914.00 ) memewagon, Crypto Twitter responds

Prominent crypto entrepreneurs and supporters, who shared memes on Twitter about doing odd jobs amid an ongoing market crash, were joined by global fast-food giant McDonald”s — the brand infamously linked with temporary Bitcoin ( $20,914.00 ) (BTC) market crashes. 

BTC’s price has seen a steady downfall ever since breaching an all-time high of $69,000 back in November 2022. Eventually, as Bitcoin ( $20,914.00 )  started trading below the $40,000 mark, crypto millionaires and investors on Twitter started sharing memes about getting jobs at fast-food restaurants.

Source: Twitter/PlanB

Salvadoran President Nayib Bukele, too, embraced the meme culture and uploaded a new profile picture that shows him at one of his speeches sporting a badly photoshopped McDonald’s branded cap and T-shirt.

#NewProfilePic pic.twitter.com/YVDlBoA2Cq

— Nayib Bukele (@nayibbukele) January 22, 2022

Joining in on the fun with numerous others, McDonald’s acknowledged the ongoing developments within Crypto Twitter by following influential members of the community such as Cardano ( $0.47 ) founder Charles Hoskinson and Altcoin Daily. The account drew more attention as it tweeted:

how are you doing people who run crypto twitter accounts

— McDonald’s (@McDonalds) January 24, 2022

While Binance responded to the question with a picture of a crying face hidden behind a smiling mask, McDonald’s consoled the world’s biggest crypto exchange with a “wagmi,” short for “we are gonna make it.”

wagmi friend

— McDonald’s (@McDonalds) January 24, 2022

Bukele, however, seems to have bigger plans in mind.

Related: Bitcoin ( $20,914.00 ) could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst

Despite the uncertain market condition, Bloomberg commodity strategist Mike McGlone believes in the possibility of BTC’s comeback as investors recognize its value as a digital reserve asset.

As Cointelegraph reported, McGlone stated:

“Cryptos are tops among the risky and speculative. If risk assets decline, it helps the Fed’s inflation fight. Becoming a global reserve asset, Bitcoin ( $20,914.00 ) may be a primary beneficiary in that scenario.”

The analyst expects the “enduring trio” — BTC, Ether (ETH) and USD-pegged stablecoins — to maintain dominance throughout 2022.





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