Davinci Jeremie, the Chilean software developer who became a crypto legend by urging his followers to buy Bitcoin at $1, has reversed course and is now warning investors to sell their holdings.
The change is significant precisely because of its source: Jérémie has spent more than a decade as one of the asset class’s most recognizable long-term bulls, and his updated stance comes as Bitcoin consolidates well beyond its October 2025 highs.
The Crypto Fear & Greed Index currently sits near 42/100, indicating fear – a reading consistent with the broader caution that has settled into the market as mid-2026 approaches.
EXPLORE: The Best Crypto Exchanges for Leveraged Trading
Who is Davinci Jeremie and why is his warning important?
Jérémie, known online as Davincij15, first bought Bitcoin at around $1 a piece and went viral in May 2013 with a YouTube video titled “Bitcoin Update – just buy $1 worth of bitcoin please!”
The video, which has since racked up 7.4 million views, was built on a simple argument about asymmetric risk: losing a single dollar was insignificant, but holding onto it for a decade could potentially generate life-changing returns.
At the time of the video, Bitcoin was trading near $116.75. Those who followed his advice and held a single coin until the 2021 cycle peak near $61,000 saw returns in excess of 52,000%.
This track record is precisely what gives weight to the current Bitcoin sell-off warning he has issued. When the numbers associated with the 2013 cohort, the individuals who took Bitcoin from double digits to six figures, begin to publicly exit their positions, it represents a significant psychological data point for the market. Jérémie is not a latecomer and launches a call for attention against the grain. His credibility on Bitcoin is structural, built on more than a decade of documented conviction.
EXPLORE: Bitcoin Price Faces Pre-Regulatory Test as Veteran Expresses Caution
Davinci Jeremy Sell Signal: What Triggered the Reversal?
In a recent interview with The Street’s Sujal Jethwani, Jérémie outlined his current view of market structure and the forces he believes are shaping Bitcoin’s near-term trajectory. Her Crypto Market Analysis focuses not just on technical deterioration, but on what it describes as deliberate hoarding by deep-pocketed players at the expense of retail players.
Jeremiah specifically highlighted the influence of the Trump family, saying: “It’s clear right now that the Trump family wants to drive crypto down so they can get as much as they want. » He framed this within a broader observation about time horizons, whereby ultra-rich participants operate in cycles of five to ten years, while most retail investors seek returns over twelve to twenty-four months.
“No, man, it doesn’t work that way,” he said, brushing off the expectation of quick turnarounds to becoming a millionaire.
According to him, the crash of October 10, 2025, in which Bitcoin fell from $122,000 to $105,000 in a matter of hours, liquidating more than $19 billion in leveraged positions and wiping out more than 1.6 million traders’ accounts, was not a random deleveraging event.
Jérémie suggests that this is a coordinated initiative by powerful players to eliminate retail exposure and accumulate at lower prices. He has since expressed skepticism about the near-term recovery, saying the most likely scenario would be a further decline, with the best case scenario being a return to previous all-time highs rather than a significant extension above them.
Source: BTCUSD/TradingView
Notably, Jeremiah said Bitcoin at $100,000 didn’t excite him, a striking admission from someone who spent years predicting exactly this kind of appreciation. This emotional stagnation at a historic price level could be the clearest signal of his change in conviction.
EXPLORE: Best DeFi Coins to Buy in 2026
following
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. Hailing from crypto since 2017, Daniel leverages his experience in on-chain analytics to write evidence-based reports and in-depth guides. He holds certifications from the Blockchain Council and is dedicated to providing “insight gain” that overcomes market hype to find real utility for blockchain.
