McDonald’s jumps on Bitcoin memewagon, Crypto Twitter responds

Famous crypto entrepreneurs and their supporters shared memes on Twitter about odd jobs during a market crash. They were joined by McDonald’s, the global fast-food giant — whose brand is notoriously associated with temporary Bitcoin (BTC).

Since November 2022, when the price of Bitcoin reached an all-time high at $69,000, it has been steadily declining. As Bitcoin started trading below $40,000, crypto millionaires and investors started to share memes on Twitter about how they got jobs in fast-food restaurants.

@PlanB is a Dutch institutional investor Source: Twitter.

Nayib Bukele, President of El Salvador, also embraced meme culture. He uploaded a profile picture showing him at one his speeches wearing a McDonald’s T-shirt and cap that were badly edited.

— Nayib Buukele (@nayibbukele), January 22, 2022

McDonald’s joined the fun along with many others and acknowledged the ongoing developments in Crypto Twitter by following influential members such as Cardano founder Charles Hoskinson, Altcoin Daily, and Altcoin Daily. It tweeted more:

How are you doing crypto twitter account holders?
— McDonald’s (@McDonalds), January 24, 2022

Binance answered the question with a photo of a crying face, hidden behind a smile mask. McDonald’s then consoled Binance with a ‘wagmi’ which is short for ‘we’re gonna make it’.

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

Bukele however seems to have larger plans.

Tweet by El Salvador President Nayib Bukele. Source: Twitter.

Related: Bitcoin could surpass stocks in 2022 due to Fed tightening — Bloomberg analyst

Mike McGlone, Bloomberg commodity strategist, believes that BTC will make a comeback despite the market uncertainty. Investors recognize its value and potential for a digital reserve asset.

According to Cointelegraph, McGlone said:

“Cryptos top the list of risky and speculative assets. It helps the Fed fight inflation by helping risk assets fall. Bitcoin could be the primary beneficiary of that scenario, becoming a global reserve asset.

Analysts expect the “enduring trio” of BTC, Ether (ETH), and USD-pegged steadycoins to continue dominance through 2022.