McDonalds jumps on Bitcoin memewagon, Crypto Twitter responds

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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 McDonalds the brand infamously linked with temporary Bitcoin (BTC) market crashes.

BTCs price has seen a steady decline ever since breaching an all-time high of $69,000 back in November 2022. Eventually, as Bitcoinstarted 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 same culture and uploaded a new profile picture that shows him at one of his speeches sporting a badly photoshopped McDonalds branded cap and T-shirt.

#NewProfilePic pic.twitter.com/YVDlBoA2Cq

Nayib Bukele (@nayibbukele) January 22, 2022

Joining in on the fun with numerous others, McDonalds acknowledged the ongoing developments within Crypto Twitter by following influential members of the community such as Cardano 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, McDonalds consoled the worlds 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 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 BTCs 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 Feds 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.

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