Release: 2026/10/20 19:00 Reading: 0
Original author:Blockchain Pill
Original source:https://www.youtube.com/embed/5EHMPOIyeq8
Black Monday came and went, and nothing happened. Despite all the fear on X, with calls for $30-40K Bitcoin and a total stock market collapse, the S&P stayed near its all-time high. In this episode, Alex and Andy go back to the original Black Monday on October 19, 1987, explain why that day was the final capitulation after three weeks of selling, and show why the people who sold into the panic missed what came next. They also cover why you should have a plan and avoid trading on other people’s emotions. Then Alex breaks down a big move for ICP adoption. DFINITY has added an option to buy cycles directly with a credit card, so developers no longer need to buy ICP on an exchange, burn it for cycles, and send them to a canister. The process still works the same behind the scenes, but anyone looking for an alternative to Amazon Web Services no longer has to jump through hoops. With cloud engines coming, this is exactly the direction ICP needs. Network revenue also keeps looking strong, with weekly figures reported between roughly $85K and $101K. As governments, institutions, and companies start using ICP, more cycle burn could act as a buyback mechanism for the token. Andy covers the macro picture, including Fidelity’s Jurrien Timmer arguing that a new four-year cycle could be underway for Bitcoin. Andy explains why he stays open to the three-year scenario, why he still expects a final euphoric leg for markets and crypto over the next 9-10 months, and why he thinks a recession would eventually reset the cycle. He also breaks down how rising oil prices, a squeezed consumer, and AI replacing jobs fit into the picture. Join my free Telegram: https://t.me/+grNPk7MXQ5NlNWU8 Follow me on X: https://twitter.com/BlockchainPill
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