McDonald’s, a leading fast-food chain, has made fun of the crypto community on Twitter in a recent post. The post has since attracted interest from some of the crypto community’s notable members, including MicroStrategy’s CEO, Michael Saylor.
The post by the fast-food chain could be seen as a humorous marketing gimmick that attracted thousands of likes in just a few hours.
McDonald’s mocks crypto community over market crash
“How are you doing, people who run crypto Twitter accounts,” the post read. The post created on January 25 has since received over 100,000 likes. Through this post, McDonald’s is popularizing a meme in the crypto community that shows crypto traders doing to look for jobs at McDonald’s during market crashes.
how are you doing people who run crypto twitter accounts
— McDonald’s (@McDonalds) January 24, 2022
Saylor commented on the post with a picture of himself wearing a McDonald’s hat. MicroStrategy has been hit hard in the recent crypto crash. The company holds over 120,000 BTC, and a significant chunk of this is in the red zone. However, Saylor, a major Bitcoin bull, has said he is not panicking and will instead do “whatever it takes” to buy more.
The CEO of the Gemini cryptocurrency exchange also interacted with the post saying “the Big McDip.” This jokingly signalled that Winklevoss was also advocating for buying the crypto dip. Other leading crypto companies such as Coinbase have also reacted to the post.
The other Bitcoin bull affected by the recent crash is El Salvador. The country recently bought another 410 BTC. However, most of their holdings are in the loss zone, with the country estimated to have lost around $20 million in the recent crash.
The president of El Salvador, Nayib Bukele, recently posted a photo of himself with a McDonald’s uniform. The country bought a significant share of its Bitcoin holdings when prices were above $50K.
However, not all crypto community members were supportive of the joke. Some asked the fast-food chain to focus on fixing its ice-cream machines that have a reputation of always being broken.
Crypto market bounces
Over the past week, the cryptocurrency market has shrunk by losing nearly half its value. After peaking at $3.1 trillion worth of market cap in November, the market has shrunk to around $1.6 trillion.
Over the past 24 hours, Bitcoin has registered an around 8.71% gain to recover above $36,000. Ethereum has also bounced by 9.49% to trade at around $2400 at the time of writing.
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