DaVinci Jeremythe Chilean software developer who became a cryptocurrency legend by urging his followers to buy Bitcoin at $1, has reversed course and is now warning investors against selling their holdings.
This shift is significant precisely because of its provenance: Jeremy has spent more than a decade as one of the most prolific long-term bulls in the asset class, and his updated stance arrives as Bitcoin strengthens away from its October 2025 highs.
the Fear and Greed Index in Cryptocurrencies It currently sits near 42/100, indicating fear – a reading consistent with the broader caution that has settled over the market heading into mid-2026.
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Who is DaVinci Jeremy and why is his warning important?
Jeremy, known online as Davincij15, first purchased Bitcoin at around $1 per coin and went viral in May 2013 with a YouTube video titled “Bitcoin Update – Only Buy $1 Bitcoin Please!”
The video, which has since garnered 7.4 million views, was based on a clear asymmetric risk argument: losing a dollar is trivial, but holding it for ten years has the potential to generate life-changing returns.
At the time of the video, Bitcoin was trading near $116.75. Those who followed his advice and held one coin during the peak of the 2021 cycle near $61,000 saw returns exceeding 52,000%.
It is precisely this track record that lends weight to his current Bitcoin sell warning. When numbers associated with the 2013 cohort, i.e. individuals with double-digit to six-digit Bitcoin usage, begin to publicly exit positions, it represents a meaningful psychological data point for the market. Jeremy is not a latecomer who issues an ambivalent call for attention. His credibility regarding Bitcoin is structural, built over more than a decade of documented conviction.
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DaVinci Sell Signal Jeremy: What Triggered the Reversal?
Recently interview With The Street’s Sujal Jethwani, Jeremy outlined his current read on market structure and the forces he believes are shaping Bitcoin’s near-term trajectory. for him Cryptocurrency market analysis He focuses not on technical decline alone, but on what he describes as deliberate accumulation by deep-pocketed actors at the expense of retail participants.
Jeremy specifically pointed to the influence of the Trump family, saying: “It is now clear that the Trump family wants to devalue cryptocurrencies so they can get what they want.” He frames this within a broader observation about time horizons, where wealthy participants operate in five- to ten-year cycles, while most retail investors seek returns over twelve to twenty-four months.
“No, dude, it doesn’t work that way,” he said, contradicting expectations of quick timelines for making millionaires.
His point is that the October 10, 2025 crash, during which Bitcoin fell from $122,000 to $105,000 in hours, liquidating more than $19 billion of leveraged positions and wiping out more than 1.6 million trading accounts, was not a random deleveraging event.
Jeremy points out that it was a coordinated move by powerful players to eliminate retail exposure and accumulate at lower prices. He has since expressed doubts about a near-term recovery, noting that the most likely scenario is further decline, with the best case being a return to previous all-time highs rather than a meaningful extension above them.
Source: Bitcoin$/ TradingView
It is worth noting that Jeremy said that a Bitcoin price at $100,000 did not interest him, which is a stunning admission from someone who has spent years anticipating exactly this kind of rally. This emotional flattening at a historical price level may be the clearest indication of a change in his convictions.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Daniel Francis is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel brings his background in cross-chain analytics to author evidence-based reports and detailed guides. It is certified by the Blockchain Council and is dedicated to providing “information gain” that cuts through the market noise to find the real-world utility of blockchain.
