The Man Who Bought Bitcoin at $1 Thinks BTC Price Is Finally Heading For $100,000 ⋆ ZyCrypto

Davinci Jeremie, an early crypto adopter and host of the davincij15 YouTube channel, predicts that Bitcoin’s price will grow tenfold in the next bull run, but warns that it could plunge further before then.

“I think we’ll finally see $100,000 … I think we’ll do at least 10 times from the bottom. Davinci said in a Nov. 25 interview with Kitco News. When asked by Kitco’s David Lin if his forecasts then meant that Bitcoin would have to fall to $10,000, he replied that “We’ll probably see $12,000.”

Jeremie, who is also a crypto influencer, is widely known for his famous quote, “I Told You So” after urging people to buy Bitcoin when it was trading below $1 per unit in 2011. During the interview, he said that his interest in Bitcoin started in March 2011 when one of his subscribers asked him to look at the Bitcoin website. Although he was initially nervous about being scammed, his perspective on the blockchain network changed after digging deeper.

“I read through the source code and realized – my God! this is going to work” he said.

According to him, he fell in love with Bitcoin after realizing that we now had a monetary system that the government could not stop and you could transfer wealth to anyone around the world instantly without a third party.

“Once in a while something comes along that makes poor people rich because they bought it really cheap – this is one of them,” Davinci added, describing why he decided to buy Bitcoin. He further described how his pleas for people to buy the world’s top cryptocurrency by market cap had fallen on deaf ears.

“I remember my first video that got 751 thumbs down and like 50 likes,” he continued. “I thought people would understand. They just wanted me to talk about gold and silver.”

For perspective, a single Bitcoin bought on Jeremie’s $1 call in 2013 would have increased by 6,878,800% as of November 10, 2021, when the price reached an all-time high of $68,789. However, after hitting the ATH, Bitcoin has pulled back sharply back in the last year against the background of various macroeconomic factors as well as liquidity crises within the crypto sector.

Commenting on the decline in the crypto market, Davinci further noted that the crypto winter could likely drag into 2024, suggesting that the next bull run will start after the next Bitcoin halving.

At the time of writing, Bitcoin was trading at $16,541 after gaining 0.91% in the last day. However, the top cryptocurrency remains over 75% down from its all-time high.