Uptober was a blast over here, the price of BTC maintained an uptrend from the beginning of the month until the end, it was spectacular based on the price actions from previous months.

For me, the highlight of the month was based on three factors, The Thorchain Saga, TradFi ETF mirage and SocialFi. Let’s dive in.

The THORChain Saga

At the beginning of the month, THORChain’s most popular interface Thorswap was faced with backlash from the public for halting its platform due to detection of illicit transactions.

In a nutshell, THORSwap identified potential illicit fund movements through its platform. Given its firm stance against any form of criminal activity, the platform's decision-makers, after consultations with advisors, legal teams, and law enforcement agencies, decided to transition into maintenance mode. This was a move to stop any further illicit activities.

Eventually, Thorswap decided to partner with an industry leader to put some extra guardrails in place to help prevent the flow of illicit funds.. By this Thorswap will be performing address screening, this way, wallets who’ve been blacklisted for illegal activities will be restricted from using the service.

Rumors were circulated that Thorswap was dead because it was mainly used for illicit trades, the price of THorswaps token THOR immediately began to dump following the baseless rumors because the truth of the matter was that only about 4% of trades moved through thorswap was from illicit funds.

The truth about this has come to light because the price of THOR has recovered to prove it wasn’t only illicit funds that was making the token pump.

Amidst all of this, THORChain was also caught in the cross fire by bag holders who mistook RUNE for THOR and started to dump RUNE, today the price of RUNE hit a new yearly all time high at $3.

This not only proves how prime RUNEs tokenomics has become but also proves it’s Utility as its TVL keeps rising and fundamentals keeps getting stronger. Thorchain is so much better positioned for this bull run than we were for 2021

Back then, Thorchain didn’t have savers, didn’t have lending, didn’t have streaming swaps, didn’t have an enhanced focus on security. Multiple years of hardcore product enhancements

TradFi ETF Mirage

I remember saying the exact words below on Twitter the other day and it’s playing out just as I said, feels good to see my words come to fruition, it will blow my mind if the price of Bitcoin really does get to $45k and the ETF applications haven’t been approved. Check out what I said below.

The biggest lie people are chopping up right now is that the market won’t move until the ETFs are approved. It’s as if everyone is watching and waiting for this approval before buying in and I get it,……..the SEC has been moving mad and abruptly putting a downward pressure on the price of Bitcoin and it can go on until the applications are finally approved, if they get approved,…..

Unfortunately if you’re one of these people waiting, sorry to say but you’re NGMI because by the time this news everyone is so desperately waiting for comes to play, you might have already been priced out, because guess what,…..
…..the price of Bitcoin might go to $35k tomorrow and BlackRocks ETF will still not be approved,…

…the price of Bitcoin can go to $45k in the next month and all the ETF applications will still not be approved while many are still waiting,…..This obsession with ETF approvals is blinding investors to Bitcoin’s inherent strengths.
People have forgotten how Bitcoin melts faces when the market flips bullish.

Non financial advice. Wake up, ignore the etf noise and you’ll be called lucky in the next run I can bet on it.

Ladies and gentlemen, we might very well be on the way to $45k Bitcoin and still BTC ETFs are still yet to be approved, have you seen the charts lately? Bullish like crazy! Uptober really did prove itself, but now, Moonvember has taken over.

After a full month of uptrend, usually the market pulls back in correction, before gathering more momentum to retrace higher, but the vibes I’m getting from here really does feel like the uptrend in this month is going to make last month look like a baby.

May the cryptos be with us.

Thanks for reading. I wish you a fulfilled month