The increase of Bitcoin (CRYPTO: BTC) above $100,000 on Thursday coincided with the reintroduction of the McRib mcdonald (NYSE:MCD), a sandwich much loved by consumers, which once again confirms a pattern observed in previous years.
What happened
According to the Cryptocurrency analyst internbrahthe price of Bitcoin has historically doubled following the reappearance of the McRib.
In a tweet accompanied by a graphic, internbrah declared, “The McRib is back. BTC historically rises >2x following McRib comeback. “Don’t underestimate the McRib.”
The chart you attached shows a compelling correlation: Bitcoin saw major price rallies in 2020, 2021, and now 2024, coinciding with the sandwich’s reappearances on McDonald’s menus.
This year, the price of Bitcoin reached $103,679 before stabilizing at $102,650, an increase of 6.3% in the last 24 hours.
You can also read: Bitcoin exceeds $100,000: Bitcoin Cash rises 5% and captures attention
Guillaume HuinSenior Marketing Director at McDonald’s, joined the lively conversation on social media, tweeting, “Bitcoin hitting $100,000 the same day the McRib comes back is fucking funny.”
The coincidental moment has sparked laughter and speculation in both the cryptocurrency and fast food communities.
The McDonald’s McRib returned to US menus on December 3, making its first nationwide return since 2022.
The 520-calorie sandwich, featuring seasoned pork smothered in barbecue sauce and topped with onions and pickles, has a long history of limited-time releases.
Despite a “farewell tour” in 2022, the McRib’s surprising comeback coincided with the breaking of new price milestones in Bitcoin.
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