McDonald's Crypto Tweet was an excellent bottom signal

McDonald's has bragged about its cryptocurrency trading prowess.


The bottom of a recent Bitcoin downturn appears to have been marked by a viral tweet from fast-food giant McDonald's.
McDonald's crypto tweets | Image: McDonald's

The bottom of a recent Bitcoin downturn appears to have been marked by a viral tweet from fast-food giant McDonald's.



According to reports, the Chicago-based company insulted crypto investors on Jan. 24, the day the world's largest cryptocurrency fell below $33,000 as investors rushed to sell risky assets owing to the increasingly plausible likelihood of a bear market.


After prominent members of the community, including MicroStrategy CEO Michael Saylor, began memeing about getting a job at the popular fast-food restaurant chain, the company was shut down.


After the crash, some people noted that the Bitcoin chart resembled the company's golden arch emblem.


Following the virality of McDonald's tweet, cryptocurrency startups began communicating with the fast food chain. The fast-food behemoth tweeted "wagmi buddy" in response to Binance's image of the Wojak meme.


McDonald's jokes that the continuous market rebound is due to the fact that it tweeted the popular acronym "we're all going to make it," which means "we're all going to make it."


On February 5, the cryptocurrency hit a two-week high of $41,983. It is still changing hands above $41,600 at the time of publication.


Last month, Burger King ridiculed Tesla CEO Elon Musk by asking him to take Grimacecoin in exchange for allowing Dogecoin payments.


McDonald's isn't the only fast-food establishment attempting to court bitcoin investors. Burger King and Robinhood announced a cooperation in 2021 to offer incentives in various cryptocurrencies.


Meanwhile, Shiba Inu has its own fast-food restaurant, thanks to a partnership with Welly's, a burger shop in Naples.