El Salvador’s president recently posted a photo of himself dressed as a McDonald’s employee with the message “new profile pic.” The tweet went viral rapidly, garnering 127 likes and replies from influential accounts.
One of the comments came from Dogecoin co-founder Billy Markus, who welcomed the president into the McDonald’s family in response to his tweet. Another commenter advised that the President diversify his bitcoin assets by adding Dogecoin to the mix.
Before the current crypto market downturn, Billy Markus and McDonald’s talked on Twitter with other Dogecoin users urging that DOGE be accepted as a payment option.
Despite the price drop, Nayid Bukele of El Salvador has proved that he is not giving up on Bitcoin by investing $20 million in cryptocurrency. Along with the United States, El Salvador is one of the countries that has made Bitcoin legal tender. On the other hand, users chastised Bukele for buying at the wrong time and risking so much money.
On the other hand, Cardano founder Charles Hoskinson dubbed the self-proclaimed “CEO of Salvador” the selected one because of his excellent meme game. On January 22, 2022, Bukele announced the purchase of 410 BTC for $15 million. El Salvador already possesses over 1,500 Bitcoin and has declared plans to create a $1 billion 10-year bitcoin bond.
Bitcoin fell below $34,000 on January 23 and is currently trading at $33,594.90. The fact that Nayid Bukele has continued to buy Bitcoin over the last few months demonstrates that cryptocurrency has a long-term value.
The recent photo of El Salvador’s president dressed in a McDonald’s uniform is jest about traders accepting the harsh reality of the present downturn as they will be short on cash. As a result, they will have to rely on minimum wage by working 40 hours per week in the service economy.
One user commented that the president would not be the only one working at McDonald’s. If the price of Bitcoin continues to decrease, he may seek a job at McDonald’s. Another person commented that they might see familiar faces at work if the slump continued.
El Salvador will not be working at McDonald’s; after all, he only paid $15 million for 410 bitcoin. Bukele admitted on Twitter that he had been mistaken about missing the dip. Since its adoption on September 7, 2021, El Salvador has been keenly interested in Bitcoin.
Bitcoin is now down, with a live price of $33,494.43 and a 24-hour trading volume of $33,389,890,463. In the previous 24 hours, Bitcoin has lost 6.70 percent of its value. Crypto traders and investors have a pessimistic outlook. The total market capitalization of the cryptocurrency market has dropped to $1.6 trillion.