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Highlights
- The meme wagon started once Bitcoin prices plunged as various entrepreneurs and crypto enthusiasts took to Twitter, sharing memes about getting jobs at fast-food restaurants.
- El Salvador President Nayib Bukele took to Twitter, wherein he asked if he should open up a burger joint.
The crypto market at the moment is undergoing a “crypto winter”, seeing that the prices of leading cryptos plummeted to six month- to eight month-lows after seeing their highs. Such has been this phase that the crypto market, which at one point enjoyed a global market cap of US$3 trillion in November, was reduced to US$1.65 trillion as of 25 January.
Bitcoin had stooped to a new multi-month low on 24 January when it dropped to US$33,184.06, while Ethereum dropped to US$2,172.30, Solana dropped to US$81.23, sending the market into a tizzy. Although slowly the market seems to have consolidated ever so slightly, it gave the opportunity to McDonald’s to join the meme wagon to roast Bitcoin and company on Twitter.
McDonald meme, an instant hit on Twitter
The meme wagon started once the Bitcoin prices plunged as various entrepreneurs and crypto enthusiasts took to Twitter, sharing memes about getting jobs at fast-food restaurants. El Salvador President Nayib Bukele took to Twitter, wherein he asked if he should open up a burger joint.
Image credit: Twitter @nayibbukele (Nayib Bukele)
President Bukele even uploaded a photoshopped profile picture where he was sporting a McDonald’s branded cap and shirt, nametag and all. El Salvador was the first country to adopt Bitcoin as a legal tender last year.
Also read: How similar is the recent crypto crash to 1929 Wall Street Crash?
The citizens of the Central American nation were encouraged to use Bitcoin to pay taxes, buy homes, and purchase goods and services. Later, in November, President Bukele announced that his government would work on a coin-shaped city called Bitcoin City.
Image credit: Twitter @nayibbukele (Nayib Bukele)
The leading burger joint chain, McDonald’s, joined the wagon on 25 January, wherein it quizzed crypto enthusiasts as to how they were doing in what seemed to be a further shot at the situation.
Image credit: Twitter @McDonalds (McDonald’s)
World-leading exchange Binance instantly replied with a meme of its own which portrayed an image of a smiley face mask on an upset face.
Twitter users weren’t too far behind
Twitter users too were pretty active as several images of a candle chart silhouetting the shape of a McDonald’s sign soon followed with a message, “next level candle painting.”
Also read: Moviecoin (MOVIE) crypto: Will this film coin disrupt the industry worldwide?
While there were a few who took a pot-shot a McDonald asking them to accept Dogecoin as a mode of payment. Shiba and Doge fans are pressuring the fast-food joint to allow them to use the meme-based token as a mode of payment in their restaurants.
Viewpoint
Bitcoin memes seem to have become a hit, and McDonald’s crypto memes also seemed to take the Twitter world by storm. What this has done is that it has managed to get a conversation going, with several investors seeing the funny side of it. Over the next few days, we may expect the memes to grow, even if the market doesn’t rebound.
