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As Bukele changed his profile picture on Twitter, MicroStrategy CEO Michael Saylor also changed his.
As Bitcoin declined further and lost 50% from its high, El Salvador President Nayib Bukele has changed his Twitter profile picture to a photo of himself wearing a McDonald’s uniform. The new profile picture has sparked reactions online, including thousands of likes, comments, and retweets. Just before the new Twitter profile picture, Bukele announced that the country had acquired an additional 410 BTC as the price of Bitcoin continued to drop. The president is a known Bitcoin bull with a belief in the long-term potential of the top cryptocurrency. However, the crypto market is currently in disarray, with top crypto assets, including BTC recording significant losses.
At the time of writing, Bitcoin is reading at $33,878, falling more than 5% in the last 24 hours. Within the same period, Bitcoin has also shed over 13% in its trading volume. While some commend Bukele’s bullish stand on Bitcoin, others believe that it is a mistake to buy the dip. Crypto analyst and YouTuber Lark Davis is optimistic that Bitcoin will be worth a million dollars someday. At the same time, some crypto traders opined that the persisting BTC crash is an effort to undermine El Salvador’s economy. Also, the traders believe that the fall is to turn the back of other governments against BTC.
So we all agree that this #Bitcoin price correction is a coordinated attempt to wreck El Salvador and stop other countries from adopting BTC as legal tender?
— Mike Alfred (@mikealfred) January 23, 2022
BTC Crash: Bukele Changes Twitter Profile Picture as BTC Plunges 50%
The president of El Salvador, Bukele, uploaded the recent Twitter profile picture on the 23rd of January in response to the new McDonalds job applications NFT joke. As the prices of major cryptocurrencies struggle, NFTs keep growing in popularity as they span across different fields. Some recently changed McDonald’s job applications into an NFT collection. The NFT collection is now live on OpenSea, and sales will end on the 23rd of February.
As Bukele changed his profile picture on Twitter, MicroStrategy (NASDAQ: MSTR) CEO Michael Saylor also changed his. Saylor uploaded an image of him wearing a Tahinis Restaurants cap. He added that he “may apply for night shift” at the restaurant to stack more sats. Like always, this is a period when Bitcoin traders make jokes about the correction while they hope for a rebound. Fingers are crossed, and hopes are high as the crypto community hopes for a story change in prices.
This shows that Bitcoin investors are managing this challenging time for the cryptocurrency. As Bitcoin drowned more than 30% over the past month, head of institutional research at Coinbase (NASDAQ: COIN), David Duong, stated:
“One of the bullish drivers for cryptocurrencies over the past two years has been an overabundance of pandemic-related fiscal and monetary stimulus measures around the world, and most of them will soon come to naught.”
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