The McRib meme has been around since at least 2021 when it appeared on Reddit as a joke about how quickly the McDonald’s BBQ sandwich would lose its novelty and consequently its popularity. The meme has since taken on a variety of meanings, most notably being tied to financial markets. Traders in stocks, crypto, and other industries have adopted the McRib as a symbol for when something shoots up in price quickly, only to crash back down moments later. This makes it a sort of shorthand for ‘bubble’ and ‘tulip mania’ type investments that often don’t have robust fundamentals or reliable long-term prospects.
The McRib meme is also closely associated with Bitcoin, which many see as a bubble due to its massive price spikes and drops over the years. The meme is often used to symbolize the hype and speculation that comes with investing in Bitcoin, with the McRib representing a potential bubble that trades are warned to avoid.
In conclusion, the McRib meme is a reflection of the speculation and extreme volatility of financial markets, whether it be stocks, crypto, or both. The meme reflects the enthusiasm and caution of traders who know that while there could be incredible gains, there’s also a lot of risk and not a lot of security.