McDonald's Exec Stirs Up Bitcoin Crowd With McRib Return

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McDonald's Exec Stirs Up Bitcoin Crowd With McRib Returndecrypt.co
decrypt.co

McDonald's exec stirs up Bitcoin crowd with McRib return

AI summary of the linked article

McDonald's Senior Marketing Director Guillaume Huin noted on X that the McRib's return has become linked with Bitcoin's price movements, a correlation that social media picked up after the sandwich's U.S. return on Tuesday. Huin said some claim Bitcoin and the S&P 500 tend to perform well after the McRib returns, and that Bitcoin hit a new all-time high when the McRib returned in December 2024. The article notes the trend is not solid: Bitcoin fell to $3,250 in 2018 and $15,500 in 2022 after the sandwich's returns. Bitcoin was around $105,600 on Monday, up 6% from $98,800 at the last McRib season start, according to CoinGecko.

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🥹 “Some claim Bitcoin and S&P 500 tend to perform well after the McRib makes a comeback, particularly in 2017, 2020, 2021,” Guillaume said. “Coincidentally, when the McRib returned to stores in December 2024, Bitcoin hit a new all-time high.”
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typical gambler's fallacy but funny none the less, it says enough about how people perceive bitcoin. but well isn’t all money a kind of magical thinking?