Tesla CEO Elon Musk said that if McDonald's accepts Dogecoin payments, he will have a happy meal on TV. However, McDonald's responded: only Tesla accepts the Grimace Coin. Before Master issued the statement, McDonald's posted a tweet asking about cryptocurrencies.
Musk lured McDonald's into accepting Dogecoin
Tesla CEO Elon Musk tweeted Tuesday suggesting that if McDonald's accepts Dogecoin, it will eat a happy McDonald's meal on TV.
At the time of writing, his Tweets had been retweeted 34,300 times and liked 229,100 times.
Many people said after seeing the tweet that if McDonald's accepted Dogecoin, they would come to McDonald's for dinner. Some said that if that happened, they would only pay with meme tokens at McDonald's. Some have suggested that McDonald's accept other cryptocurrencies, such as SHIB.
After Musk tweeted, the price of Dogecoin rose slightly. It was still $0.1359 at the time, and then it rose rapidly by more than 10% to $0.1496. However, it then fell to $0.1419.
McDonald's reply
McDonald's official Twitter account replied to Musk: "Only Tesla accepts grimace coins." McDonald's had previously posted a purple grimace doll in their ads.
McDonald's also recently tweeted about people who run crypto Twitter accounts. There have been talk about the relationship between McDonald's and cryptocurrencies, especially when prices are falling.
Musk was recently named Person of the Year by Time magazine and has been a supporter of cryptocurrencies. He is known as the Godfather by the crypto community. He has previously stated that individuals hold Dogecoin and believes that meme tokens are people's cryptocurrencies.
Musk has said that Dogecoin is the best cryptocurrency to trade. In contrast, he believes that Bitcoin is more suitable as a store of value. His electric car company, Tesla, began buying some goods with Dogecoin last week.