McDonald’s McRib relaunch and Bitcoin market memes

Overview

McDonald’s announced the limited-time return of its McRib sandwich in several United States markets and the United Kingdom. In the US, the rollout included cities such as Los Angeles, Chicago, and Miami, with some reports of availability in other locations.

The relaunch reignited the ‘McRib Indicator,’ an internet theory suggesting a correlation between the sandwich’s availability and Bitcoin price surges. While cryptocurrency enthusiasts use the meme to predict market movements, financial analysts dismiss the connection as coincidental. Researchers noted that the theory lacks a causal mechanism and that only a minority of McRib returns have aligned with positive Bitcoin returns.

Entities

Bitcoin · GSR · United States · McDonald’s · Coinbase

Timeline

1 day ago

[TECHNOLOGY] 2 sources
McDonald's McRib relaunch revives Bitcoin market meme
The return of McDonald's McRib sandwich has revived an internet theory linking its availability to Bitcoin rallies, though analysts dismiss the connection as purely coincidental.
5 days ago

[BUSINESS] 5 sources
McDonald’s announces limited return of McRib sandwich
McDonald’s is bringing back its iconic McRib sandwich for a limited time in select U.S. cities and the United Kingdom.

Sources

complex.com · curl.haxx.se · dailyhive.com · decrypt.co · dexerto.com · news.bitcoin.com · nypost.com