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The growing mystery that is cryptocurrency is beginning to attract a lot of attention across the world. One, for the relatively untouched field that is digital currency and non-fungible tokens (NFTs aka marks of wealth)--it is a great mystery surrounding finances and money, one of the most common gripes of our daily lives.
For another, for its buying power. Since it is fairly new, its value is completely and totally up to speculation and wild swings. Most mainstream businesses do not yet accept cryptocurrency as a form of payment, although that may change in the near future.
Or...not.
I will eat a happy meal on tv if @McDonalds accepts Dogecoin— Elon Musk (@Elon Musk) 1643113840
Elon Musk, the controversial CEO of Tesla, is a well-known proponent of a cryptocurrency called Dogecoin, originally created as bitcoin satire. Dogecoin is currently worth .14 cents on a dollar.
After offering to eat a Happy Meal on TV if the fast food franchise McDonald's accepted Dogecoin, McDonald's was ready with a response—and their own bit of cryptocurrency.
only if @tesla accepts grimacecoin https://twitter.com/elonmusk/status/1485953263040188416\u00a0\u2026pic.twitter.com/to9HmYJhej— McDonald's (@McDonald's) 1643152469
And McDonald's fans were all about it.
I will dump every penny I have into grimacecoin @GRlMASS @BlakeLongDhttps://twitter.com/mcdonalds/status/1486115285983805444\u00a0\u2026— Shane (@Shane) 1643293551
A new Grimace or two\u2026 https://twitter.com/mcdonalds/status/1486115285983805444\u00a0\u2026pic.twitter.com/PvHe3TaELg— The APT Hunter (@The APT Hunter) 1643283529
you see them first as accidents, stains across the flimsy mental fabric of reality\nyour agonized brain seeks a pattern, wants it to make sense\nthe concept of armageddon, of a harvesting of all sins, is easier to accept than the truth\nthey don't know why they do it, eitherhttps://twitter.com/McDonalds/status/1486115285983805444\u00a0\u2026— Sam Sykes (@Sam Sykes) 1643249862
McDonald's proposed new joke cryptocurrency is Grimacecoin, featuring the lovable purple monster Grimace.
However, after posting the offer, Grimacecoin was made by several third parties—and has values across the board.
We are up 56,000% since launch. Just wait till Elon sees us!pic.twitter.com/gRVI1ErJ8l— Grimace Coin (@Grimace Coin) 1643161960
GrimaceCoin is peak performancepic.twitter.com/pz7pgoYlxc— Grimace Coin (\ud83c\udf46,\ud83c\udf54) (@Grimace Coin (\ud83c\udf46,\ud83c\udf54)) 1643158473
Elon and @tesla will tweet about us!!!\n\nPresale Time: 01/27 15:00 pm-18:00 pm (UTC)\n\nLaunch at 18:00 pm\n\nPresale Link:https://www.pinksale.finance/#/launchpad/0xfEF5ea3B216001F42dcd48a352C8bD4aE7D7AaD3?chain=BSC\u00a0\u2026\n\nIf u want the wl spot, pls retweet and comment, and then join https://t.me/GrimaceGroup\u00a0 and dm @willywehttps://twitter.com/McDonalds/status/1486115285983805444\u00a0\u2026— Grimace I KYCed & Audited (@Grimace I KYCed & Audited) 1643227119
The real #GrimaceCoin is ready to moon \nNot a token on #BSC\nA real coin! @mcdonalds\nSecure Wallet Download coming soon\u2026 prep for launch \n#grimace #binance #grimacegirl #grimaceguy #mcdonalds #meme #coin #memetoken— GrimaceCoin (@GrimaceCoin) 1643237595
Bitcoin and several other cryptocurrencies are on a downward trajectory at the moment, falling 24% and trading below $40,000, in contrast to $69,000 in November of 2021.
The plunge in value is likely due to a number of world factors, one of the most significant being Russia-Ukraine tensions as Putin weighs whether to invade Kyiv.
You can\u2019t spell crypto without cry— KSICRYPTO (@KSICRYPTO) 1643302715
.@elonmusk if you retweet this we will work on accepting Dogecoin— MrBeast Burger (@MrBeast Burger) 1643217504
you\u2019re telling me a doge made this coin— Burger King (@Burger King) 1643232600
Should we accept #dogecoin \n@elonmusk— Hastings Pizza (@Hastings Pizza) 1643158051
McDonald's has no plans to enter into the cryptocurrency business as of right now, but the landscape is rapidly changing on crypto. Some countries, such as El Salvador, have embraced some crypto as official forms of currency, to their peril.
Crypto remains volatile, with values changing constantly. Hedging the value of something—even a Big Mac—on any kind of digital currency is a risk.