Crypto Twitter Responds As McDonald’s Jumps On Bitcoin Memewagon  

Crypto prominent entrepreneurs and supporters were joined on Twitter by global fast-food giant McDonald”s.

The brand infamously linked with temporary Bitcoin (BTC) market crashes — who shared memes about doing odd jobs amid an ongoing market crash.

Since reaching an all-time high of $69,000 in November 2022, the price of BTC has been steadily declining.

As Bitcoin fell below $40,000, crypto millionaires and investors on Twitter began sharing memes about getting jobs at fast-food restaurants.

Salvadoran President Nayib Bukele, too, has embraced meme culture.

Uploading a new profile picture of himself wearing a poorly photoshopped McDonald’s branded cap and T-shirt during one of his speeches.

McDonald’s, like many others, acknowledged the ongoing developments within the Crypto Twitter community.

Following influential members of the community such as Cardano founder Charles Hoskinson and Altcoin Daily.

The account gained traction after tweeting:

While Binance responded with a picture of a crying face hidden behind a smiling mask.

McDonald’s consoled the world’s largest crypto exchange with a “wagmi,” short for “we are going to make it.”

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

iexclusive News Nigeria reports that 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.

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 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.