McDonald’s Corp MCD, the global fast-food chain, has become embroiled in the Israel-Hamas conflict, as franchisees in the Middle East express support for either Israeli troops or Palestinians in Gaza through social media.
What Happened: The controversy began when McDonald’s Israel announced its intention to provide thousands of free meals to the Israel Defense Forces. Shortly after, McDonald’s Oman, also known as Al Daud Restaurants LLC, declared a donation of “$100,000 towards the relief efforts for the people of Gaza.”
“We stand with Gaza in these difficult times,” stated McDonald’s Oman in a message posted on X, formerly known as Twitter.
Max Keiser, an American broadcaster and filmmaker, connected the use of fiat money and gold to the ongoing proxy war between two rival McDonald’s branches in the Middle East, emphasizing that he believes Bitcoin offers a solution to such conflicts.
"This is where fiat money (and Gold) lead you. 2 rival McDonald's are fighting a proxy war in the Mideast. Fiat money and Gold are violence-magnets that bring misery and destruction. Bitcoin BTC/USD fixes this."
In a separate tweet, he added, "Gold is the poor man's Bitcoin. It encourages thievery, war, violence & excess stupidity like Peter Schiff and Nassim Taleb (Both turned down my offer of free Bitcoin at $1 in 2011)"
Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga's Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won't just be a passive spectator. Don't let this chance slip away – secure early bird discounted tickets now!
See More: A Stay At The Floating Palace From James Bond's ‘Octopussy
Why It Matters: In September. Keiser likened Armstrong's promotion of "shi*coins" to addictive and destructive substances, emphasizing the potential harm they can cause.
“My advice to crypto boy is to get to a shi*coiners Anonymous (SA) meeting and get off the shi*coin crack pipe as soon as you can. It doesn’t get better. If you keep OD’ing on shi*coins your life can only get worse. SHI*COINS ARE POISON. Look what they did to this poor guy.”
Price Action: At the time of writing, BTC was trading at $28,369.41, up 4.39% in the last 24 hours, according to Benzinga Pro.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
Photo by ShU studio on Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
