Elon Musk presented in January 2022 that he would eat a Blissful Feast on TV in the event that McDonald’s acknowledged Dogecoin as an installment choice. Musk’s tweet came after theory developed that McDonald’s was wanting to acknowledge Dogecoin, which ended up being false.
The Cheerful Dinner was sent off universally by McDonald’s in 1979 and stays a staple today. This is a gander at the way Dogecoin has performed since a test including Cheerful Dinners was given.
Restaurant giant McDonald’s Corporation has introduced several new food items and marketing initiatives over the years to increase sales. The One Product staple, launched in 1979, is the subject of constant challenge from one of the world’s richest men.
The cryptocurrency Dogecoin enjoyed a strong 2021 with marketing and companies using Meme Coin, such as upcoming tweets from Mark Cuban and Elon Musk, helping to generate awareness and momentum.
Over the past two years, more retailers have started accepting Dogecoin to pay for goods, including Tesla. One retailer that has yet to see widespread adoption of Dogecoin is McDonald’s, one of the largest restaurant companies in the world.
Musk recently confirmed that he was still open to a challenge if McDonald’s did its part. The Happy Meal was launched by McDonald’s globally in 1979 and has been one of its biggest hits. This item is available as a meal option for children with a burger or chicken nuggets, one child’s fries, apple slices, a drink and a toy.
Musk’s tweet further lifts Dogecoin cost in 2022. This is a glance at the way the digital currency has performed since that time.
$100 investment in Dogecoin: Based on Musk’s tweets on Dogecoin, an investor could speculate that if McDonald’s and Musk accepted crypto and Musk ate a Happy Meal on television, crypto was more likely.
An investment of $100 at the time of Musk’s tweet would have bought 691.89 DOGE based on a price of $0.144532 at the time. Based on the price of $0.086709 per DOGE at the time of writing, $100 invested today would be worth $59.99. This represents a 40% drop since Musk’s tweet.
A $100 investment in McDonald’s over the same time period would be a gain of 7.9%, or $7.90, which can now buy some Happy Meals.