A Decade Later: Reexamining the ‘Invest $1 in Bitcoin’ Video Suggestion

18 views 3:45 am 0 Comments June 28, 2023

While Davinci Jeremie acknowledges that numerous individuals failed to seize the opportunity to invest in Bitcoin a decade ago, he is confident that it’s not too late to delve into the crypto realm.

A decade ago, crypto enthusiast Davinci Jeremie forecasted a hero’s welcome from his community when he promoted Bitcoin, advising a minimum investment of $1. However, the reaction he received was far from what he had anticipated.

In a conversation with Cointelegraph, Jeremie narrated his discovery of Bitcoin, the initial reactions from his community, and his thoughts on increasing Bitcoin adoption.

As per the crypto influencer, his Bitcoin journey commenced over a decade ago when a community member introduced him to the cryptocurrency and urged him to explore it. Being a software developer, Jeremie was initially sceptical, deeming it a scam, especially due to the unresolved double-spending problem. He shared:

“I decided to read the source code and white paper, aiming to expose it as a fraud. Instead, I discovered that it was legitimate.”

Having realised that Bitcoin could potentially solve a significant flaw in the financial system, he created a viral video, encouraging his community to buy at least $1 worth of Bitcoin. The response, however, was not as he had hoped. His community’s gratitude was not forthcoming, with many doubting his sanity instead.

“Occasionally, an opportunity arises that allows the less fortunate to prosper due to the low cost of entry. This was such an occasion. I envisioned being my community’s hero, but they dismissed me as mad. They sincerely believed I was losing my mind,” he recounted.

Despite the missed opportunity to buy Bitcoin at a much lower price, Jeremie still firmly believes in the prospect of entering the crypto world. As per him, a mere 2% of the population currently possesses Bitcoin and Ether, but there are stumbling blocks. According to Jeremie:

“Everyone desires to own an entire Bitcoin. No one wants to buy 1/100,000,000th of an apple; they want the whole fruit. So, despite Bitcoin’s divisibility, this characteristic may prove to be its downfall.”

Jeremie proposed that a satoshi-based Bitcoin wallet displaying balances differently could be more advantageous. He believes that showing individuals that “for a whole dollar, you could obtain a few hundred thousand Bitcoin satoshis” could potentially draw more interest. “The decimal spaces are not as attractive as owning a whole Bitcoin,” he concluded.