Tuesday, October 4, 2022
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McDonald’s humiliating cryptocurrency investors

The fast-food company has seized on a famous stereotype about penniless crypto guys having to turn to flipping burgers after the market crashed. McDonald’s insulted bitcoin investors by asking how they were doing in a viral tweet that received over 88,000 likes in hours.

The witty tweet drew the attention of MicroStrategy CEO Michael Saylor. The Bitcoin billionaire, whose fortune was shattered in a recent fall, says he’ll “do whatever it takes” to acquire even more.

Gemini CEO Tyler Winklevoss shared a similar idea, joking about purchasing “the Big McDip.” El Salvador President Nayib Bukele recently shared a photograph of himself wearing a McDonald’s outfit, according to U.Today. The Central American country lost an estimated $20 million as a result of Bukele’s ill-timed Bitcoin purchases.bit 

The total worth of cryptocurrencies has now fallen to $1.6 trillion, a significant drop from the peak of around $3.1 trillion. Bitcoin and Ethereum are both down around 50% from their respective high levels in November.

 

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