The McRib Meme The Surprising Link between Bitcoin, Stocks, and Sizzling Ribs!

The Intriguing Link Between the McRib Meme, Bitcoin, and Stock Market

The Curious Connection Between McRib, Bitcoin, and Stocks

Is there a mysterious link between McRib, bitcoin, and stocks? Some witty individuals speculate that there might just be!

Now, before you give me that skeptical look, let’s break it down. First, let’s talk about the McRib sandwich. It’s a cult favorite that keeps making comebacks like a 90s fashion trend. You’d think McDonald’s would keep it on the menu permanently with all the hype it generates, but no, they enjoy playing hard to get. It’s like that elusive love interest who shows up once in a blue moon and leaves you wanting more.

But why does McDonald’s employ this scarcity tactic? Well, it’s simple. They know that when something is limited, people go nuts for it. It’s like a sneaker drop or a celebrity autograph signing. The allure of rarity, exclusivity, and a touch of nostalgia drives customers to dive headfirst into the dining queues. And of course, it helps McDonald’s rake in those sweet, sweet profits. I mean, they’ve sold over 60 million McRibs in just three years! That’s enough to build a McRib pyramid!

Now, you might be wondering, “How does this connect to stocks and the world’s first crypto?” Well, my friend, the answer might surprise you. While there may not be a direct causal relationship between the McRib and financial markets, people love drawing correlations and making memes out of thin air. It’s like when you’re watching a sci-fi movie, and the hero discovers a hidden connection between aliens and crop circles. Our brains love a good puzzle, even if it’s only for amusement.

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So here’s the juicy tidbit. According to an enterprising COO for Ritholtz Wealth Management, Nick Maggiulli, the S&P 500 saw a minuscule 0.04% increase in average daily return whenever the McRib graced the McDonald’s menu. I mean, we’re talking about fractions of a percent here, but hey, numbers don’t lie! Even a tiny increase can make investors as giddy as a kid in a candy store.

But that’s not all! This year, a crypto analyst by the name of Zack Voell brought forth a glorious chart showcasing how Bitcoin “reacted” to the McRib news. Now, bear with me. While it’s true that October isn’t the most prosperous month for Bitcoin, affectionately called Uptober in the industry, it has seen its fair share of bull runs. Remember 2017 and 2021? The Bitcoin rollercoaster took us to dizzying heights. So when the McRib rears its saucy head, Bitcoin may just decide to throw a party of its own.

Let’s dig deeper into the treasure trove of numbers. Brace yourself as we hop on a rollercoaster ride through Bitcoin’s price over the past decade during the months of McRib comebacks:

• November 2022: October’s Bitcoin price hovered around $20,000, then took a slight dip to the $16,000 level in November.
• November 2021: Bitcoin’s highest price in November reached an impressive $68,573, compared to October’s $67,120.
• December 2020: The price climbed to nearly $20,000 by November’s end, and by December 31, it shot up to $28,885.
• October 2019: After September’s stability at around $10,800, Bitcoin took a slight dip to the $7,000 range in October.
• October 2018: September started on a high note at $7,381, but the otherwise red October only managed a brief spike to $7,083.
• November 2017: Exiting October at $6,370, November saw Bitcoin soaring to $10,400 by the end of the month.
• November 2016: Bitcoin priced at around $715 in October, then cheerfully climbed to $750 in November.
• September 2015: September’s high was $244, while August’s high reached $284.
• November 2014: Bitcoin’s peak in November was $418, just a tad higher than October’s high of $399.

These numbers suggest that, on occasion, Bitcoin’s price surge coincides with the McRib’s glorious return, without being directly influenced by it. The McRib might just be a spectator, cheering Bitcoin on as it reaches new heights. Perhaps we should dub it the official sandwich of the bullish market!

What’s undeniably true, my fellow aficionados of digital assets, is that Bitcoin keeps defying expectations and ascending to unforeseen heights. So, whether you’re munching on a McRib or watching Bitcoin’s price charts, hold on tight because it’s going to be a wild ride!

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Learn more:

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Hey there, crypto enthusiasts! Now you might be craving both McRib and Bitcoin, but remember, while one can satisfy your taste buds, the other could satisfy your investment appetite. So next time you’re browsing through the cryptocurrency markets or indulging in a limited-time sandwich, keep an eye out for any unexpected connections. Who knows, you might uncover a hidden code in the world of digital assets, just like the link between McRib, Bitcoin, and stocks. Happy investing, and enjoy your meal!

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