Latest World News

El Salvador’s president and Elon Musk mock McDonald’s


When the value of Bitcoin and other cryptocurrencies collapsed and incurred heavy losses over the past week, a series of memes surfaced again on Twitter, some of which launched “McDonald’s”, mocking cryptocurrencies, and claiming that when the value of cryptocurrencies plummet, Traders have to get a real job, and they have to join McDonald’s to sell burgers.

This time the irony did not end there without a response. Cryptocurrency backers such as El Salvador’s President Najib Bukele and billionaire Elon Musk have come to the defense of these currencies. Abu Kila launched a tweet and posted with it his photo, wearing a McDonald’s uniform and wearing its hat, and Musk tweeted that he would eat a Happy Meal live, if McDonald’s accepted one of his favorite cryptocurrencies, Dogecoin, in exchange for the meal.

Abu Kila sent a tweet on Monday that appeared to be a joke, encouraging McDonald’s employees to buy a meal with a piece of their salary. He ended the tweet by saying, “Now go back to flipping more burgers you lazy bastard, damn you.” The bulk of these sarcastic memes are called ordinary people. Some have tweeted that the declines and increases in the value of Bitcoin look like McDonald’s golden arches.

This isn’t the first time that memes supporting McDonald’s have been circulating, calling on online crypto communities to mitigate the drop in cryptocurrency prices. In late June, when cryptocurrency prices dropped below $30,000, McDonald’s sent a tweet link to its job site, addressing job applicants, “Hey crypto traders, we invite you to apply to join us.” McDonald’s did not immediately respond to a request for comment.

After dropping as low as $35,000 last Friday, prices rebounded about 7% on Tuesday to $36,579. The price of Bitcoin is still down about 46% since it reached a high of about $69,000 in early November 2021.