McDonald's McRib Doesn't Actually Boost Bitcoin's Price, Sorry Everyone
Summary
Crypto traders have revived the meme that McRib returns predict Bitcoin gains, but CoinShares and GSR researchers say there is no meaningful correlation or causal link. Historical comparisons show clear positive returns after only three of 10 returns, with some followed by steep declines. Bitcoin was around $79,750 after a 6% monthly drop, while traders awaited a Federal Reserve decision, a $11.69 billion options expiry and U.S. midterms as potential market catalysts.
