Bitcoin Expert Links Trump Family to October Crash, Not Binance

A prominent advocate for Bitcoin, who made his entrance into the cryptocurrency realm long before mainstream awareness of blockchain, has shared a surprising viewpoint regarding the chaotic market events of October 10, 2025. Contrary to popular belief that points to exchanges like Binance as the culprits behind the turmoil, this analyst is directing attention towards the Trump family.

Davinci Jeremie, a pioneer in the Bitcoin community, recently articulated his beliefs about the crash during an appearance on The Sujal Show. He proposed a politically charged theory that places the blame for the market’s volatility on the financial motivations of the Trump family rather than on any trading platforms.

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The October 10 crash is a hotly contested topic among traders, with various ideas circulating about what triggered this sudden downturn in the market. While some speculate about liquidation events linked to Binance or coordinated sell-offs, Jeremie offers a different perspective.

In his remarks, Jeremie suggested that the Trump family’s influence may be more significant than previously acknowledged. He indicated that their intent to lower cryptocurrency values could align with their own financial agenda, providing them with opportunities to accumulate more assets at lower prices. He stated that the family has an interest in driving the market down for their advantage.

Jeremie explained that wealthy investors approach the market with a different mindset than retail traders. He argued that while many investors focus on short-term gains, those with substantial resources often think in the long term. His assertion was that affluent market participants tend to consider their strategies over a timeframe of five to ten years, contrasting sharply with the immediate profit-seeking mentality of most traders.

This assertion directly challenges the dominant narrative that emerged following the October crash, which attributed the economic fallout largely to activity on Binance. On that fateful day, over $19 billion in leveraged positions were liquidated within a single day, sparking a widespread sell-off of not just cryptocurrencies, but also equities.

The sell-off was notably exacerbated by Donald Trump’s announcement of a potential new tariff, leading many traders to offload their higher-risk investments, particularly in the cryptocurrency sector. Analysts noted that the impact on digital assets was disproportionately severe compared to traditional markets.

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Following the crash, Binance became a focal point of speculation, with many in the industry citing its liquidations as the primary factor. This theory gained momentum after numerous criticisms began circulating, particularly from leaders in the crypto space, including OKX CEO Star Xu, who claimed that Binance’s promotional practices may have misled retail investors regarding the inherent risks of synthetic stablecoin investments.

Davinci Jeremie, known for his early advocacy of Bitcoin when its value was just around $1, has grown a notable reputation in the crypto community. An old video of him urging viewers to invest in Bitcoin, no matter how small the amount, has resonated throughout crypto history, further establishing his status as a pioneer in this rapidly evolving market.

As discussions regarding the October crash continue to evolve, Jeremie’s insights contribute a fresh perspective to the ongoing analysis of the event, highlighting the intersections of finance, politics, and market psychology in the world of cryptocurrency.