Over 11 years ago, Davinci Jeremie, A Crypto Investor and a Youtuber. Most commonly known as Bitcoin believer who begged people to invest in Bitcoin, recognizing its huge potential. He stressed that even a small investment could lead to major wealth in the future, urging everyone to take the opportunity now says “Bitcoin Could go to Zero” on his Youtube recently.
11 years ago. he stated on his Youtube Channel,
“I’m hoping that every single one of you buys $1 worth of Bitcoins just one freaking dollar because you’re going to be thanking me for that $1 just $1 of Bitcoins that you purchased but the odds are most of you 90% of you are not going to buy even $1 worth of Bitcoins”
Davinci Jeremie often advised newcomers to the crypto space to buy Bitcoin, store it securely, and hold onto it for the long term. His belief in Bitcoin as a revolutionary financial tool has remained his philosophy, even as the market has evolved rapidly.
However, now Davinci Jeremie’s stance on Bitcoin has shifted. Once a believer now turning tables, While he once begged people to invest, he’s more cautious today, acknowledging that Bitcoin could potentially drop to zero, though he believes it. He also explains that while major disasters or strict regulations could cause Bitcoin to collapse, its solid design makes that a rare possibility.
Why Bitcoin is Going to Zero ?
In a recent YouTube episode, Davinci Jeremie shared a thought provoking analysis regarding Bitcoin’s potential to drop to zero a scenario that, while unlikely, he asserted is not entirely out of the question. He began his discussion by provocatively stating, “Bitcoin Could Go To Zero.” for various reasons.
While this statement raised questions among cryptocurrency enthusiasts, he clarified that such an outcome, should not be dismissed entirely. He noted that catastrophic events, such as a significant asteroid impact or a solar flare disrupting global communications, could theoretically lead to a scenario where Bitcoin loses its value completely. However, he quickly dispelled the idea of a solar flare wiping out Bitcoin, explaining that the network’s design and existing infrastructure could mitigate such risks.
Jeremie pointed out that the resilience of Bitcoin lies in its underlying mathematical algorithm, which allows it to function even in dire situations. He explained that “even if we lost all computers, Bitcoin could still function. It’s just a mathematical algorithm,”
“The problem with Bitcoin going to zero is if even if we had lost all computers if we could still communicate around the world Bitcoin could still function right cuz it’s just a mathematical algorithm you could just even mine with your hand writing..”
Stressing that the network could persist as long as there is some means of communication. This resilience contributes to the argument that Bitcoin is less likely to vanish, even in extreme conditions.
Jeremie addressed the issue of extreme regulations potentially driving Bitcoin to zero. While acknowledging this concern, he referenced historical precedents where banned currencies and commodities continued to circulate despite regulations. He emphasized that Bitcoin, like other banned items, would find a way to be traded and utilized, demonstrating its inherent resilience against regulatory challenges.
Jeremie also tackled the fears surrounding quantum computing’s potential to break Bitcoin’s encryption. He reassured his audience that Bitcoin was designed with the understanding that future advancements in cryptography would be necessary, stating,
“Bitcoin was designed with the understanding that cryptography will get broken in the future.”
This forward-thinking approach is important to Bitcoin’s longevity, especially compared to traditional financial systems like the U.S. dollar, which lack a sustainable design.
Moreover, Jeremie pointed out that the U.S. dollar is likely to decline because it depends on constant growth, which is a flawed system. He stated,
“The USD will go to zero because that’s how it works by design” and he said “Tyranical government could steal all the Bitcoin” but it won’t hit zero what this is ridiculous who car they can’t steal all the Bitcoin even if they printed up all the money.
To explain this, he used an example comparing how the prices of everyday items are increasing while stock market investments may not keep up. This shows that even if your investments look good on paper, their real value can still go down over time as the cost of living rises.
In addition to Bitcoin, Jeremie discussed various altcoins, including Ethereum and Solana, praising their potential while also cautioning that certain market conditions must be met for sustained upward movement. He acknowledged the emergence of meme coins, suggesting that although they present opportunities for significant gains, investors should be patient and consider the long-term viability of these assets.
Conclusion
As the episode concluded, Davinci Jeremie restated the importance of staying informed about market. He pointed out Bitcoin’s recent bullish signs while reminding his audience of the inherent risks associated with investing in cryptocurrencies. Despite the possibility of Bitcoin going to zero under extreme circumstances, he remains optimistic about its potential and strength.
In summary, while Jeremie initially encouraged Bitcoin as a groundbreaking investment opportunity, his recent analysis acknowledges potential risks while reinforcing the asset’s value in an increasingly uncertain economic landscape. His insights provide a balanced perspective, urging both caution and strategic investment in the evolving world of cryptocurrency.
