McRib Return Offers No Signal for Bitcoin, Experts Say
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Some crypto traders link the McRib’s return to Bitcoin gains, but experts cited by Decrypt say there is no correlation.
The return of McDonald’s McRib has prompted some crypto traders to suggest that a rise in Bitcoin’s price could follow, according to Decrypt.
Experts cited in the report rejected that connection, saying the sandwich’s availability has no correlation with Bitcoin’s price.
The claim draws a link between a fast-food menu change and cryptocurrency market movements, but the expert assessment offers no support for treating the McRib’s comeback as a price signal.
Source: Decrypt
