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 assume, for the liquidation chaos that shook the crypto business final October.
Davinci Jeremie, one of many earliest identified Bitcoin adopters, just lately shared his unfiltered tackle what he believes triggered the October 10, 2025, crash.
What Davinci Jeremie Truly 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 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 clarification 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 needs to push crypto down in order that they will get as a lot as they need,” Jeremie stated.
In response to the early Bitcoin believer, rich contributors method markets otherwise. In his phrases, short-term pondering dominates retail habits, with many on the lookout for fast good points or speedy wealth creation. Massive gamers, nevertheless, function on prolonged timelines, usually spanning 5 to 10 years. “If you happen to’re rich, you don’t assume briefly phrases as most individuals do; you assume in lengthy phrases,” he stated.
The Binance Idea 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 a further 100% tariff on Chinese language imports. That triggered merchants to dump dangerous investments, from shares to Bitcoin. Nevertheless, that crash was way more pronounced on the crypto market than anticipated.
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After the fast aftermath of the crash, a lot of the eye was directed to crypto trade Binance. The trade shortly turned the point of interest of hypothesis, with many pointing to liquidation cascades on its derivatives platform as the first motive for the crash.
The idea was amplified after OKX CEO Star Xu went public with his criticisms, which had been primarily based on Binance’s promotional marketing campaign that provided 12% APY on USDe.
In response to 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 regarding 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 status grew considerably years later when an previous YouTube video resurfaced of him urging viewers to purchase not less than $1 value of Bitcoin. The clip has since develop into one of the vital referenced moments in crypto historical past.
Featured picture from Pngtree, chart from Tradingview.com
