Unusual Correlation: McRib's Return and Global Asset Prices, Including Bitcoin

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Unusual Correlation: McRib's Return and Global Asset Prices, Including Bitcoin

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As the highly anticipated McRib sandwich prepares to make a comeback next month, people in the fintwit and crypto community are pointing out an interesting correlation. McDonald's typically keeps the oblong sandwich off its menu, only to bring it back for a limited-time offer. With less than a month remaining before its return, market spectators are attempting to establish a connection between the availability of the McRib and global asset prices, including Bitcoin. However, it's worth noting that correlation does not imply causation. Nonetheless, for an industry fueled by memes, this correlation seems intriguing. Some crypto analysts are even drawing parallels between the presence of the McRib on the menu and the price performance of Bitcoin. Over the past few years, there have been instances where the price of Bitcoin has risen coinciding with the reintroduction of the McRib, but it's uncertain whether there is a direct relationship. Ultimately, these correlations might simply be amusing memes without any concrete basis.