Elon Musk’s Challenge to McDonald’s
  • 2 years ago
Elon Musk loves to tweet for clout, and it appears that his tendency to tweet shocking things has pulled McDonald’s ($MCD@US) into the conversation. The Tesla ($TSLA@US) CEO took to Twitter ($TWTR@US) recently to say that he will go on TV with a Happy Meal if McDonald’s will accept Dogecoin. The tweet read, “I will eat a happy meal on TV if McDonald’s accepts Dogecoin.” While this might seem like a silly challenge, it is a popular tweet that got 14,000 retweets and 83,000 likes in a short period of time. This notion is not new as Musk said in his Time Man of the Year interview that Doge has a better transactional value than Bitcoin. Some might even claim that Musk is trying to bring back some value to a cryptocurrency that has suffered mightily over the past few months. Since it reached its all-time high of 74 cents in May of 2021, Dogecoin has dropped as far as 13 cents. At press time, Dogecoin was trading at 14.14 cents, up 10% on increasing volume and a rising market cap. In the short term, the tweet is working.
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