The relationship between the US fast-food chain and the cryptocurrency industry went on another level in the past several days during the market correction. The latest to get involved was Tesla’s CEO – Elon Musk.
Bitcoin and the rest of the crypto space slumped in value in less than a week. The entire market cap lost over $500 billion in five days at one point.
During such steep corrections in a short time, the crypto community tends to seek comfort from memes. One of the favorite topics includes joking about starting to work at McDonald’s.
While this has been going on for years, this latest correction led to several responses from the fast-food chain, including a question that spurred various conversations and more memes.
Furthermore, the official Twitter account of McDonald’s followed the founder of IOHK – the organization behind Cardano – Charles Hoskinson.
Later on, even Elon Musk joined the conversation. The billionaire promised to eat a happy meal on TV if the fast-food chain started accepting payments with Dogecoin.
I will eat a happy meal on tv if @McDonalds accepts Dogecoin
— Elon Musk (@elonmusk) January 25, 2022
As with previous Musk engagements, this one led to a sharp price increase for the memecoin. DOGE jumped from $0.135 to above $0.15 before retracing just as quickly.