McRib Is Back, and Bitcoin’s Weirdest Bullish Indicator Lives On

Crypto proponents are once again entertaining the curious connection between McDonald’s McRib and bitcoin prices, as the fast-food giant announced the limited-time sandwich will return Oct. 27, reigniting speculation over whether its comeback might serve up a bullish helping of bitcoin price action. Over the past two weeks, bitcoin’s price has slipped approximately 1.8%, while its value against the U.S. dollar has declined 4.1% since Sept. 23. With the year steadily drawing to a close and market volatility keeping traders on their toes, bitcoiners have somehow turned their attention to a rather peculiar subject: a sandwich featuring a restructured, boneless pork patty fashioned to resemble a miniature rack of spare ribs. That culinary curiosity is none other than McDonald’s infamous McRib, which is making yet another comeback at select U.S.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.