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Elon Musk hasn’t forgotten his 2022 promise to have a Happy Meal live on TV if McDonald’s Corp. accepts Dogecoin payments, but he’d need far more DOGE now because the token’s value has dropped considerably since then.
Musk’s Offer Is On
It all started when DogeDesigner—a widely followed X handle that regularly posts about Musk and Dogecoin—dropped an AI video of the Tesla CEO and Shiba Inu dog sharing fries and a Happy Meal inside a McDonald’s restaurant.
DogeDesigner reminded the X audience of Musk’s promise, and the world’s richest person acknowledged it with “True.”
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Happy Meal is a kids’ meal package offered by McDonald’s that contains a main item, a side item and a drink. The restaurant chain didn’t immediately return Benzinga’s request for comment.
DOGE’s Decline Since Musk’s Post
The post got the Dogecoin community hyped with memes and demands for a live stream, but DOGE just hasn’t been the same since Musk first made the offer. As shown in the table, the memecoin has plunged 30% in value.
Cryptocurrency
Price (Recorded on Jan. 25, 2022)
Price (Recorded at 3:00 a.m. ET)
Gains +/-
Dogecoin
$0.143
$0.09991
-30.13%
See Also: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
Musk’s Complicated Views On Crypto
Musk’s views on cryptocurrency have been a topic of discussion for a while. He deemed most cryptocurrencies as “scams” last month.
Last year, he compared investing in meme coins to playing in a casino, suggesting that expecting to win in either case is foolish. He also warned against pouring life savings into such assets.
However, he occasionally revitalizes community interest with a casual comment about Dogecoin. In February, he said that his space technology company, SpaceX, will likely put the memecoin “on the moon” next year.
Photo courtesy: Shutterstock.com
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