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 change, as many assume, for the liquidation chaos that shook the crypto business final October.
Davinci Jeremie, one of many earliest recognized Bitcoin adopters, just lately shared his unfiltered tackle what he believes brought about the October 10, 2025, crash.
What Davinci Jeremie Really Believes
The October 10, 2025, crypto market crash is without doubt one of the most debated occasions of the present cycle, with merchants nonetheless break up over what actually triggered the sudden collapse in worth. 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 clarification for what occurred to the crypto market on that day.
“I believe clearly the Trump household. It’s clear proper now that the Trump household needs to push crypto down in order that they will get as a lot as they need,” Jeremie mentioned.
In line with the early Bitcoin believer, rich members strategy markets otherwise. In his phrases, short-term pondering dominates retail conduct, with many in search of fast good points or fast wealth creation. Giant gamers, nevertheless, function on prolonged timelines, typically spanning 5 to 10 years. “For those who’re rich, you don’t assume briefly phrases as most individuals do; you assume in lengthy phrases,” he mentioned.
The Binance Principle That Took Over Crypto
Jeremie’s take stands in opposition to the reason that dominated business 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 about merchants to dump dangerous investments, from shares to Bitcoin. Nonetheless, that crash was rather more pronounced on the crypto market than anticipated.
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After the speedy aftermath of the crash, a lot of the eye was directed to crypto change Binance. The change shortly grew to become the focus of hypothesis, with many pointing to liquidation cascades on its derivatives platform as the first motive for the crash.
The speculation 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 traders weren’t conscious of the systemic dangers referring to the artificial stablecoin ecosystem.
Davinci Jeremie is called one of many earliest Bitcoin adopters, having entered the market when BTC was buying and selling round $1. His popularity grew considerably years later when an outdated YouTube video resurfaced of him urging viewers to purchase at the least $1 value of Bitcoin. The clip has since grow to be one of the referenced moments in crypto historical past.
Featured picture from Pngtree, chart from Tradingview.com
