A seasoned Bitcoin evangelist who entered the market when most people had never heard the word “blockchain” is now pointing the finger at the Trump family, not the cryptocurrency exchange that many believe was responsible for the liquidation chaos that rocked the crypto industry last October.
Davinci Jeremie, one of the first high-profile users of Bitcoin, recently shared his unfiltered approach to what he does he believes it caused October 10, 2025, failure.
What Davinci Jeremie really believes
Cryptocurrency market crash on October 10, 2025 is one of the most discussed events of the current cycle, and investors are still divided on what really caused the sudden price drop. Over the following months, several theories emerged, ranging from a Binance-led liquidation to coordinated sales attacks.
On The Sujal Show Jeremie offered his perspective it was politically charged. In his opinion the financial interests of the Trump family Give a simpler explanation of what happened to the cryptocurrency market that day.
“I think obviously the Trump family. It’s clear at this point that the Trump family wants to push cryptocurrencies down so they can get as much as they want,” Jeremie said.
According to an early Bitcoin supporter, wealthy participants approach the markets differently. According to him, short-term thinking dominates the behavior of retailers, with many looking for quick profits or quick wealth creation. However, huge players operate on longer time frames, often spanning five to ten years. “If you’re rich, you don’t think short-term like most people, you think long-term,” he said.
The theory of Binance taking over cryptocurrencies
Jeremy’s position contradicts the explanations that dominated industry discourse in the months following October 10.
The October 2025 cryptocurrency crash, mainly on October 10, resulted in the liquidation of over $19 billion in leveraged positions within 24 hours. The sell-off began shortly after Donald Trump’s signal plans to impose an additional one 100% duty on Chinese imports. This has caused investors to abandon risky investments, from stocks to Bitcoin. However, this crash was much more pronounced in the cryptocurrency market than expected.
after direct consequence after the disaster, most of the attention was focused on the Binance cryptocurrency exchange. The stock market quickly became a focal point for speculation, with many pointing to cascades of liquidations on the derivatives platform as the main cause of the crash.
The theory was strengthened after OKX CEO Star Xu entered the stock exchange his criticism, which was based on Binance’s promotional campaign that offered 12% APR on USDe.
According to Star Xu, Binance’s campaign blurred the line between USDe and stablecoins such as USDT and USDC, and retail investors were unaware of the systemic risks associated with the synthetic stablecoin ecosystem.
Davinci Jeremie is known as one of the earliest Bitcoin users who entered the market when BTC was trading around $1. His reputation grew significantly years later when an aged video appeared on YouTube in which he urged viewers to buy at least $1 worth of Bitcoin. The clip has since become one of the most referenced moments in cryptocurrency history.
Featured image from pngtree, chart from Tradingview.com
