Elon Musk dares McDonald’s to accept his ‘favorite’ crypto — Analysis

Tesla billionaire and meme-generator Elon Musk tweeted the pledge on Tuesday in the wake of the world’s most recognizable fast food chain reaching out to the cryptocurrency community earlier this week.

If @McDonalds allows Dogecoin, I’ll eat happy dinner on TV,” he wrote, eliciting mixed reactions.

Some framed his enthusiasm as “so cringe”, knockingyou can accuse him or give it to him. setting a bad nutritional example, though others, quoting McDonald’s slogan, responded they werelovin’ it” and seconded Musk’s recommendation to the fast food chain.

If @McDonalds takes #Dogecoin, I’ll eat my TV,” one user responded

McDonald’s – specifically, working there – is also a long-running joke among the crypto community, whose members often joke about having to get a job at the fast food chain when their coin of choice takes a nosedive in value.

The company’s Twitter account has apparently picked up on the trend, as it asked, “How are people running crypto-twitter accounts doing?” on Monday as the value of most coins took a dive alongside market stocks.

The Tesla Move causes cryptocurrency inspired by memes to soar

That tweet was apparently Musk’s inspiration for suggesting the fast food giant accept Dogecoin, a meme in cryptocurrency form which had languished as a relatively obscure coin before the billionaire began talking it up. Tesla accepts Dogecoin as payment for certain products. However, it is not accepted by the popular Bitcoin.

The price of Dogecoin surged 8% following Musk’s tweet, according to CoinMarketCap, though its value apparently settled a bit as the excitement wore off. 

McDonald’s, meanwhile, has taken Musk’s payment advice under consideration. The chain replied with a tweet thanking the billionaire for his interest and letting him know that they “Continuously evaluate your payments experience.” 

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