Why Burger King Spawning An Imaginary Coin Has Left Dogecoin Enthusiasts Upset

Burger King UK on Sunday caused a stir among cryptocurrency enthusiasts with a cryptic tweet that mentioned a new cryptocurrency, “BiteCoin.” 

What Happened: The fast-food company tweeted “brb I’m making BiteCoin."

Dogecoin DOGE/USD adherents were quick to pick up on the reference, with some speculating that the “BiteCoin” tweet was a nod to the cryptocurrency’s canine mascot. 

Dogecoin 🥇💯💯 pic.twitter.com/T8hXCCKp3O

— Kadir Celebi (@Kadirdgcn) April 9, 2023

However, others expressed disappointment and frustration that Burger King was seemingly trying to capitalize on the buzz around cryptocurrency without actually offering anything of substance.

Here comes the pump and dump like we had with grimacecoin

— DogeTits (@dogetits) April 8, 2023

Are you serious. It's going to fail. Just adopt Doge coin it's what we the people want

— supermario.cro (@M4R100K) April 9, 2023

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Following the tweet, several accounts emerged claiming to be the original Bitecoin.

@BurgerKingUK LFG

— BiteCoin (@bitecoinbk) April 9, 2023

Already exists!

— BITE – Official (@biteyoutoken) April 9, 2023

As of now, Burger King has not made any further announcements or clarifications regarding “BiteCoin,” leaving the cryptocurrency community to speculate on the meaning of the initial tweet. 

Earlier last week, UK Burger King tweeted, “Trying to convince my manager to let me have an office doge."

Price Action: At the time of writing, DOGE was trading at $0.083, up 1% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed As Shanghai Upgrade Nears: Analyst Says Apex Crypto Could Breakout If This Happens