Uptober Is Here! | Is Bitcoin’s Next Big Rally Just Getting Started? | Bitcoin Simply

Dante Cook (0:00)

It's here, it's finally here. What Dante? Well, it might be because starting today, there's 61 straight days of football.

It could be because the pumpkin spice latte is back on the menu. And yes, it's the best drink. Don't at me. It's probably because you get a chance to break out your favorite ugly sweater while sipping a pumpkin spice latte, watching football. You're probably going on a pumpkin patch ride if you have little kids and you got something a little extra in your apple cider. But honestly, fall is great, but that's not what all the hype is about. For Bitcoiners, it's October. You know, the month that kicks off the eight most bullish months on the calendar every single year. The month that's historically averaged 20% returns, right before Mo Money Movember, which Bitcoin rises in average of 42%.

If you're new to Bitcoin, welcome. We're going to break down why Bitcoiners celebrate October and what important shift is happening in the beginning of 2027 that will cause gold, stocks and Bitcoin to be significantly higher. But you gotta listen to the end. This is Dante Cook with Bitcoin Simply. Let's go.

Like clockwork, something changed when the clock struck 12 on October 1st, a Thursday this week, because Bitcoin has gone up from 83k to 86.5k.

And that reason is because it flipped from September to October, or as Bitcoiners call it, October. And something magical happens at this time every single year. We don't know why. But one of the reasons might be because big money is coming off the sidelines. Listen to this clip from iTrust Capital's CEO, one of the largest managers of Bitcoin retirement products. They're seeing their clients rotate massively back into Bitcoin.

SPEAKER_2 (1:47)

And with Bitcoin bouncing back recently, what has changed in your clients' behavior that tells you capital is coming back into the market?

SPEAKER_3 (1:54)

Yeah, we're seeing interesting activity pick up over the last, you know, this whole year on a run rate, we're seeing about a billion dollars go to work.

This last quarter, which ended yesterday, we're seeing a couple hundred million dollars go to work from our cast position. So I think that investors are, they're not chasing candles at iTrust Capital, but they are been allocating over time since that 58 low.

Dante Cook (2:19)

This is massive news coming from an IRA provider who allows people to buy Bitcoin in their retirement accounts, because this most likely means that this money is not coming from a younger generation who might buy Bitcoin on an exchange. It's coming from most likely older investors who are rotating out of cash positions back into Bitcoin. And this is an amazing occurrence because one of the things that happens is Bitcoin goes up, number goes up, education goes up, eyeballs go up, and more investors into Bitcoin goes up dramatically during these massive swings and upticks in Bitcoin's price. Every time we see a spike in Bitcoin in October, we see new investors, new people who should subscribe to the channel because we drop fire content like this seven days a week. Hurley and I from TruthBlock go way back. We started doing these types of fast, informational, fun shows four years ago together. And Rustin's been dropping videos at his grandmama's basement since 2020 Just kidding. But we've been around the block and we know what's going on. Subscribe if you haven't. One of the most amazing things that happens when the price goes up is we start to get new awareness in the Bitcoin and people start dropping fire content. Two of the largest players in the Bitcoin space drop fire commercials to help people who are new to Bitcoin understand what's going on in the world. Why is money broken? Why does my pumpkin spice latte cost $7 this year when it was $5.50 last year? The first commercial is from Cash App, the biggest Bitcoin player out there.

SPEAKER_4 (3:38)

How's my rent up 30%? My washer ain't 30% fixed, but my landlord wants 30% more money. Bro, you know investment firms are buying up all the houses?

They got like half a million houses.

SPEAKER_5 (3:51)

How come every time them Wall Street boys crash the economy, they always get to keep the money? That makes no sense.

SPEAKER_6 (4:00)

That makes no sense.

SPEAKER_5 (4:03)

That makes no sense.

Dante Cook (4:08)

You see, what happens when people see this is they connected to something in their own life. Like when they're checking the house that they've been looking at on Zillow for the past several months, and they look at the affordability calculator with the mortgage rates at over 7%, and they wonder, why does this two-bedroom, one-bath house that's 900 square feet cost $450,000 when my parents bought this same house for $50,000? It doesn't make sense. There's an emotional resonance with the content that you see people putting out there with what actually goes on in your real life. And people understand.