Billionaire Elon Musk Tempts McDonald’s With Dogecoin Dare

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McDonald's has found itself in the crosshairs of the cryptocurrency market sell-off, and it seems to be lovin' it. The fast-food retailer has become the object of memes circulating in the cryptocurrency community.

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The fun started in response to the latest bear market in which the bitcoin price has been slashed from a November high of nearly $69,000 to below $38,000 today.

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With prices in a rut, bitcoin investors have gotten creative, likening their desperation to fast-food worker jobs. Like many fads in the crypto space, the McDonald's meme has triggered a chain reaction, even getting the attention of the company, which is playing along.

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Most recently, billionaire Elon Musk chimed in, using the meme craze as an opportunity to entice McDonald's to add support for his favorite crypto, Dogecoin.

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Musk offered to “eat a happy meal on TV if McDonald's accepts Dogecoin.” One from McDonald's rival Burger King is among the thousands of responses, shown below.

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All the attention has been good for the Dogecoin price, which is off its highs but is still rallying by over 7% in response. It is good timing for the meme coin, whose price has fallen about 18% so far in 2022.

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