Donald Trump has stirred the cryptocurrency market with his recent use of
bitcoin to buy burgers for his supporters, setting an historical precedent as the first US President to execute a crypto-based transaction. This move was applauded by MicroStrategy CEO
Michael Saylor, associating this act with the ongoing rally of bitcoin, which surpassed $63,000. This attention has nurtured a surge in themed memecoins, particularly those involving burgers.
Accompanied with this, the modus operandi of many establishments such as
Burger King and
In-N-Out, accepting cryptocurrencies as a mode of payment or even launching their cryptos, respectively, is paving a new trend in the market. While famous fast-food chain Burger King has initiated crypto rewards for loyalty members, McDonald's rival,
MrBeast Burger, considers accepting
Dogecoin payments.
Nonetheless, the journey into crypto acceptance has not been entirely positive as Burger King's foray into crypto was short-lived.
Burgerswap, a BSC DeFi protocol, suffered a $7.2 million loss due to a flash loan attack displaying the risks involved in the crypto space. On a speculative side, there are topics on future price predictions, and whether Burger Cities (
BURGER) is a good investment.
BURGER Coin News Analytics from Mon, 24 Feb 2014 08:00:00 GMT to Sun, 22 Sep 2024 00:13:05 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -4
