Bitcoin Evangelist Blames Trump Family for October Crypto Crash
- Davinci Jeremie, an early Bitcoin adopter, attributes the October 10, 2025, crypto crash to the Trump family’s financial interests.
- Over $19 billion in leveraged positions were liquidated within a day during the crash.
- The crash coincided with Donald Trump’s announcement of a potential new tariff on Chinese imports.
- Alternative theories suggest Binance was responsible due to liquidation cascades on its derivatives platform.
- OKX CEO Star Xu criticized Binance’s promotional campaign offering high APY on USDe, which blurred lines with stablecoins like USDT and USDC.
The October crypto market crash remains contentious, with differing opinions on its cause. While some blame Binance’s trading practices, Davinci Jeremie suggests political motives from the Trump family influenced market dynamics significantly.
Jeremie’s theory highlights the impact of geopolitical actions on market volatility, as seen by the $19 billion liquidation following Trump’s tariff announcement. (Source)
