{"id":3786,"date":"2024-12-05T16:04:39","date_gmt":"2024-12-05T16:04:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3786"},"modified":"2024-12-05T16:04:39","modified_gmt":"2024-12-05T16:04:39","slug":"bitcoin-breaks-100000-as-mcdonalds-brings-back-the-mcrib-buy-signal-or-spurious-correlation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3786","title":{"rendered":"Bitcoin Breaks $100,000 As McDonald&#8217;s Brings Back The McRib: Buy Signal Or Spurious Correlation?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>&#8216;s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) surge past $100,000 on Thursday coincided with <strong>McDonald<\/strong>&#8216;s (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MCD#NYSE\">MCD<\/a>) reintroduction of its fan-favorite McRib sandwich, reviving a pattern observed <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">in previous years<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>According to crypto analyst <strong>internbrah<\/strong>, Bitcoin has historically doubled in price following the McRib&#8217;s return.<\/p>\n<p>In a tweet accompanied by a chart, internbrah <a href=\"https:\/\/x.com\/internbrah\/status\/1864051568972362012\">stated<\/a>, &#8220;The McRib is back. BTC historically goes up &gt;2x after the McRib returns. Don&#8217;t fade the McRib.&#8221;<\/p>\n<p>The chart he attached illustrates a compelling correlation: &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42343200\/bitcoin-breaks-100000-as-mcdonalds-brings-back-the-mcrib-buy-signal-or-spurious-correlatio\" alt=\"Bitcoin\" breaks as mcdonald brings back the mcrib: buy signal or spurious correlation>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8216;s (CRYPTO: BTC) surge past $100,000 on Thursday coincided with McDonald&#8216;s (NYSE:MCD) reintroduction of its fan-favorite McRib sandwich, reviving a pattern observed in previous years. What Happened: According to crypto analyst internbrah, Bitcoin has historically doubled in price following the McRib&#8217;s return. In a tweet accompanied by a chart, internbrah stated, &#8220;The McRib is back. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3786","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3786"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3786\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}