{"id":482963,"date":"2022-02-05T17:00:43","date_gmt":"2022-02-05T17:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=482963"},"modified":"2024-06-11T14:11:15","modified_gmt":"2024-06-11T14:11:15","slug":"mcdonalds-marks-local-bitcoin-bottom-with-crypto-tweet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/mcdonalds-marks-local-bitcoin-bottom-with-crypto-tweet\/","title":{"rendered":"McDonald\u2019s Marks Local Bitcoin Bottom With Crypto Tweet"},"content":{"rendered":"<p>Bitcoin continues to display bullish price momentum as it has managed to reclaim the lows around $40,000. The benchmark crypto has been slowly recovering after a violent downside move which shocked traders and market participants.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-topside-bias-vulnerable-38k\/\" target=\"_blank\" rel=\"noopener \">TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $38K<\/a><br \/>\n<\/strong><\/p>\n<p>As of press time, Bitcoin trades at $41,486 with an 8% and 9.8% profit in the last 24-hours and 7-days, respectively.<\/p>\n<figure id=\"attachment_482966\" aria-describedby=\"caption-attachment-482966\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-482966 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-3.png?resize=860%2C386\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"386\"><figcaption id=\"caption-attachment-482966\" class=\"wp-caption-text\">BTC shows moderate gains on the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/1GNYms9y\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n<h2>How Do You Do, Fellow Kids?<\/h2>\n<p>The crypto trading community has been celebrating the recent Bitcoin price action after weeks of downside and sideways movement. When BTC was trending downside and pushing the market lower, crypto traders started joking about taking a joke on the popular food chain restaurant McDonald\u2019s.<\/p>\n<p>The food chain took note and replied to the crypto traders via Twitter. Many relevant personalities in the space, including Cameron Winklevoss, and other big accounts commented on the post with messages alluding to a McDonald\u2019s product or about potentially joining the restaurant.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">how are you doing people who run crypto twitter accounts<\/p>\n<p>&mdash; McDonald&#39;s (@McDonalds) <a href=\"https:\/\/twitter.com\/McDonalds\/status\/67704582?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Even Giga Bitcoin Bull Michael Saylor, CEO at MicroStrategy, <a href=\"https:\/\/twitter.com\/saylor\/status\/19127818\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> memes of him joking about working in the popular food chain restaurant. In another Tweet, Saylor shared a picture of him using an apparel with a McDonald\u2019s slogan \u201cDoin\u2019 whatever it takes\u201d, as seen below.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Doin\u2019 whatever it takes since \u201892. <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/93gSyB3L2t\" rel=\"nofollow\">pic.twitter.com\/93gSyB3L2t<\/a><\/p>\n<p>&mdash; Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/19127818?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Per his Wikipedia page, Saylor and McDonald\u2019s were closely intertwine in 1992, the picture was part of a promo campaign. At that time, MicroStrategy was in a very early stage and Saylor won a $10 million contract to developed applications and study ways to make promotions more effective.<\/p>\n<p>Almost 30 years later, the software company founded by Saylor would spearhead a new treasury strategy by adopting the Bitcoin standard. Once MicroStrategy broke the wall and integrated BTC into its balance sheet, Tesla, Block, and others followed.<\/p>\n<h2>Make It Or Break It? 2022 Could Be Bitcoin Most Important Year<\/h2>\n<p>Interestingly, Bitcoin recent price action draws the food chain\u2019s emblematic \u201cM\u201d, as seen below. The last time Bitcoin saw its yearly lows around $33,000, McDonald\u2019s made the aforementioned Tweet.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-482968 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/02\/mc-bitcoin.jpg?resize=860%2C458\" alt=\"mcdonalds bitcoin\" width=\"860\" height=\"458\"><\/p>\n<p>The \u201cMcDonald\u2019s Pattern\u201d draw on the chart could become legendary if Bitcoin truly hit its final bottom before resuming<\/p>\n<p>NewsBTC has <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/go-with-the-fed-why-bitcoin-could-benefit-from-interest-rate-hikes-in-2022\/\" target=\"_blank\" rel=\"noopener \">presented<\/a> several different vision on the potential trajectory for BTC\u2019s price going into 2022. While some experts expect the cryptocurrency to struggle, others believe it will manage to surpass the $100,000 threshold.<\/p>\n<p>On the bullish side, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone believes BTC will come out on top of a widespread market downtrend due to a hike on interest rates. On a less optimistic note, QCP Capital expect BTC to struggle in 2022 and remain rangebound unable to achieve a new all-time high.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading |<\/strong> <strong><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-sees-poor-demand-as-investors-try-to-defend-37k-is-btc-in-trouble\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Sees Poor Demand As Investors Try to Defend $37K, Is BTC In Trouble?<\/a><\/strong><\/p>\n<p>Time will prove them right or wrong, if BTC\u2019s price can decouple from traditional markets, as it has happened for brief periods over the past weeks, the cryptocurrency could attract more institutional attention. In that sense, McGlone and others believe 2022 will be one of BTC\u2019s most important years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continues to display bullish price momentum as it has managed to reclaim the lows around $40,000. The benchmark crypto has been slowly recovering after a violent downside move which shocked traders and market participants. Related Reading | TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $38K As of press time, Bitcoin trades at $41,486 with an 8% and 9.8% profit in the last 24-hours and 7-days, respectively. How Do You Do, Fellow Kids? The crypto trading community has been celebrating the recent Bitcoin price action after weeks of downside and sideways movement. When BTC was trending downside and pushing the market lower, crypto traders started joking about taking a joke on the popular food chain restaurant McDonald\u2019s. The food chain took note and replied to the crypto traders via Twitter. Many relevant personalities in the space, including Cameron Winklevoss, and other big accounts commented on the post with messages alluding to a McDonald\u2019s product or about potentially joining the restaurant. how are you doing people who run crypto twitter accounts &mdash; McDonald&#39;s (@McDonalds) January 24, 2022 Even Giga Bitcoin Bull Michael Saylor, CEO at MicroStrategy, shared memes of him joking about working in the popular food chain restaurant. In another Tweet, Saylor shared a picture of him using an apparel with a McDonald\u2019s slogan \u201cDoin\u2019 whatever it takes\u201d, as seen below. Doin\u2019 whatever it takes since \u201892. #Bitcoin pic.twitter.com\/93gSyB3L2t &mdash; Michael Saylor\u26a1\ufe0f (@saylor) January 6, 2022 Per his Wikipedia page, Saylor and McDonald\u2019s were closely intertwine in 1992, the picture was part of a promo campaign. At that time, MicroStrategy was in a very early stage and Saylor won a $10 million contract to developed applications and study ways to make promotions more effective. Almost 30 years later, the software company founded by Saylor would spearhead a new treasury strategy by adopting the Bitcoin standard. Once MicroStrategy broke the wall and integrated BTC into its balance sheet, Tesla, Block, and others followed. Make It Or Break It? 2022 Could Be Bitcoin Most Important Year Interestingly, Bitcoin recent price action draws the food chain\u2019s emblematic \u201cM\u201d, as seen below. The last time Bitcoin saw its yearly lows around $33,000, McDonald\u2019s made the aforementioned Tweet. The \u201cMcDonald\u2019s Pattern\u201d draw on the chart could become legendary if Bitcoin truly hit its final bottom before resuming NewsBTC has presented several different vision on the potential trajectory for BTC\u2019s price going into 2022. While some experts expect the cryptocurrency to struggle, others believe it will manage to surpass the $100,000 threshold. On the bullish side, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone believes BTC will come out on top of a widespread market downtrend due to a hike on interest rates. On a less optimistic note, QCP Capital expect BTC to struggle in 2022 and remain rangebound unable to achieve a new all-time high. Related Reading | Bitcoin Sees Poor Demand As Investors Try to Defend $37K, Is BTC In Trouble? Time will prove them right or wrong, if BTC\u2019s price can decouple from traditional markets, as it has happened for brief periods over the past weeks, the cryptocurrency could attract more institutional attention. In that sense, McGlone and others believe 2022 will be one of BTC\u2019s most important years.<\/p>\n","protected":false},"author":535,"featured_media":482964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144],"class_list":["post-482963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>McDonald\u2019s Marks Local Bitcoin Bottom With Crypto Tweet<\/title>\n<meta name=\"description\" content=\"Bitcoin continues to display bullish price momentum as it has managed to reclaim the lows around $40K, did McDonald&#039;s called the BTC bottom?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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