Simply Bitcoin Why Did Bitcoin's Price Crash in October? | Bitcoin Simply
Nov 1, 2025
October has marked Bitcoin's first dip in seven years, sparking debates about the end of the bull run. Dante Cook explores banking's love for blockchain while dismissing Bitcoin for its disruption of financial intermediaries. He examines the risks of tokenized gold compared to Bitcoin's secure, intermediary-free transactions. The discussion emphasizes that Bitcoin is an early-stage hard asset vital for younger investors. With unique properties reinforcing its long-term case, Bitcoin remains a crucial investment.
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Red October Isn’t The End
- October's red month doesn't negate Bitcoin's long-term resilience and innovation.
- Dante Cook argues Bitcoin remains 'bulletproof' despite short-term dips.
Banks Resist Bitcoin’s Threat
- Jamie Dimon admits blockchain and tokens but rejects Bitcoin because it removes banks.
- Dante Cook says Bitcoin uniquely threatens incumbents by eliminating trusted intermediaries.
Tokenized Gold Vs. Final Settlement
- Tokenized gold still carries counterparty risk, unlike Bitcoin's final settlement.
- Ricardo Salinas (via Dante) emphasizes Bitcoin's native finality and lack of custodial risk.