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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 McDonald’s — the brand infamously linked with temporary Bitcoin (
$78,665.00 ) (BTC) market crashes.
BTC price saw a steady downfall ever since breaching into an all-time high of $69,000 back in November 2022. Eventually, as BTC started trading below the $40,000 mark, crypto millionaires and investors on Twitter started sharing memes about getting jobs at fast-food restaurants.
Dutch institutional investor @PlanB. Source: Twitter.
El Salvador 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 (
$0.25 ) 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.
Tweet by El Salvador President Nayib Bukele. Source: Twitter.
Related: Bitcoin ( $78,665.00 ) 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 ( $78,665.00 ) 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.
