A veteran Bitcoin evangelist who entered the market when most individuals had by no means heard the phrase “blockchain” is now pointing the finger on the Trump household, not a crypto trade, as many suppose, for the liquidation chaos that shook the crypto trade final October.
Davinci Jeremie, one of many earliest identified Bitcoin adopters, lately shared his unfiltered tackle what he believes brought on the October 10, 2025, crash.
What Davinci Jeremie Truly Believes
The October 10, 2025, crypto market crash is likely one of the most debated occasions of the present cycle, with merchants nonetheless cut up over what actually triggered the sudden collapse in value. Within the months since, a number of theories have surfaced, starting from Binance-led liquidations to coordinated promote assaults.
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Talking on The Sujal Present, Jeremie provided a perspective that was politically charged. In his view, the Trump household’s monetary pursuits present an easier rationalization for what occurred to the crypto market on that day.
“I feel clearly the Trump household. It’s clear proper now that the Trump household desires to push crypto down in order that they will get as a lot as they need,” Jeremie stated.
In line with the early Bitcoin believer, rich contributors strategy markets otherwise. In his phrases, short-term considering dominates retail habits, with many in search of fast beneficial properties or speedy wealth creation. Giant gamers, nevertheless, function on prolonged timelines, usually spanning 5 to 10 years. “Should you’re rich, you don’t suppose briefly phrases as most individuals do; you suppose in lengthy phrases,” he stated.
The Binance Idea That Took Over Crypto
Jeremie’s take stands in opposition to the reason that dominated trade discourse within the months following October 10.
The October 2025 crypto crash, totally on October 10, noticed over $19 billion in leveraged positions liquidated inside 24 hours. The sell-off started shortly after Donald Trump signaled plans to impose an extra 100% tariff on Chinese language imports. That brought on merchants to dump dangerous investments, from shares to Bitcoin. Nonetheless, that crash was way more pronounced on the crypto market than anticipated.
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After the quick aftermath of the crash, a lot of the eye was directed to crypto trade Binance. The trade rapidly grew to become the point of interest of hypothesis, with many pointing to liquidation cascades on its derivatives platform as the first purpose for the crash.
The idea was amplified after OKX CEO Star Xu went public with his criticisms, which had been based mostly on Binance’s promotional marketing campaign that provided 12% APY on USDe.
In line with Star Xu, the marketing campaign by Binance blurred the road between USDe and stablecoins like USDT and USDC, and retail buyers weren’t conscious of the systemic dangers referring to the artificial stablecoin ecosystem.
Davinci Jeremie is named one of many earliest Bitcoin adopters, having entered the market when BTC was buying and selling round $1. His fame grew considerably years later when an outdated YouTube video resurfaced of him urging viewers to purchase a minimum of $1 value of Bitcoin. The clip has since turn into some of the referenced moments in crypto historical past.
Featured picture from Pngtree, chart from Tradingview.com
