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Study Finds No Real Correlation Between McRib Availability and Bitcoin Price

(1 hour ago) · 1 source · Summarized by CryptoBipto

A popular internet theory claiming that McDonald's McRib sandwich availability correlates with Bitcoin price movements has been debunked. Analysis shows the apparent pattern is coincidental and does not hold up to scrutiny.

WHY IT MATTERS

This story is a good lesson for anyone new to crypto about a common thinking trap called "spurious correlation." Just because two things happen at the same time does not mean one causes the other. Think of it like noticing that you always wear a red shirt on days when it rains — the shirt does not cause the rain. In crypto, people often look for patterns to predict prices, but many of these patterns are just coincidences. Understanding the difference between correlation (two things happening together) and causation (one thing actually causing another) is an important skill when evaluating claims about what drives cryptocurrency prices.

A recurring meme in crypto communities has suggested that the seasonal return of McDonald's McRib sandwich coincides with Bitcoin price increases.

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SOURCES

  • decrypt.co

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