DECRYPT · 2026-10-27 14:31 UTC

McDonald's McRib Doesn't Actually Boost Bitcoin's Price, Sorry Everyone

Crypto traders believe McDonald's McRib returns correlate with Bitcoin price increases, but experts say there is no causal relationship. CoinShares researcher Luke Nolan found only 3 out of 10 McRib returns coincided with positive Bitcoin returns, and the McRib often precedes major price drops. Bitcoin's actual near-term catalysts are the Fed's rate decision on Wednesday, a $11.69 billion options expiry on October 30, and the U.S. midterms on November 3.

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