The McRib meme started off as a joke in 2018 when a Redditor noticed that the McRib sandwich being released every Autumn by McDonald’s had a similar shape as the Bitcoin chart of the time. It’s unclear exactly how or why the two were linked, but the meme quickly went viral.
Since then, the McRib meme has been associated with stock and cryptocurrency speculation, primarily in the wake of investment-oriented headlines about Bitcoin and other digital currencies. The McRib meme is usually used to make an observation about a current stock market trend or the latest cryptocurrency news, often with exaggerated or humorous exaggeration. For example, when Tesla announced it had bought $1.5 billion worth of Bitcoin, the McRib meme was used to express the notion that traders and investors were celebrating the news as if it was the arrival of the golden-brown sandwich itself.
The McRib meme can also be found popping up amid discussions of market sentiment, as traders and investors point to the McRib’s rising popularity (and its ability to keep rise no matter what) as an indication of the power and potential of either stocks or cryptocurrencies.
The McRib meme has become a ubiquitous part of stock market banter, and it shows no sign of fading away anytime soon. As the markets continue to fluctuate and news continues to emerge about the latest trends and developments in cryptocurrency and stocks, the McRib meme is likely to remain a part of the quips and conversations.