Bitcoin is quietly shifting into stronger hands, argues DaVinci Jeremie, saying there’s not much room for ‘crypto tourists’.
Crypto commentator and educator DaVinci Jeremie says the Bitcoin market is entering a phase where “there’s no more crypto tourists left to sell,” while major financial institutions quietly buy what’s left.
In a recent video, YouTuber Toby reviewed Jeremie’s latest remarks, concluding that Bitcoin is still in a bull market and “slowly but surely” on a path toward six-figure prices, even as attention shifts to gold, silver and U.S. Federal Reserve drama.
The millionaire claims few in the space are willing to say outright that the cycle isn’t over, and expects many retail traders to be sidelined if a sharp move higher comes.
Institutions Rotate, But They’re Not Leaving
Citing Coin Bureau, Jeremie highlights data that BlackRock clients recently pulled roughly $150 million from Bitcoin and Ethereum ETFs in a single day. He stresses, however, that he believes the asset manager itself — along with other large banks — is not exiting crypto exposure.
“BlackRock’s clients are selling. BlackRock isn’t” he summarizes, arguing that big money is accumulating BTC and ETH “like there’s no tomorrow” and ultimately wants fewer coins in the hands of “normies.” His own long-term basket, he says, is effectively limited to Bitcoin, Ethereum and Monero.
Fed “Theater”, Rate Cuts & CBDC Fears
Much of Jeremie’s macro view hinges on U.S. monetary policy. He dismisses the political storm around Fed chair Jerome Powell — including talk from Donald Trump about replacing him and outrage over a reported $2.8 billion Fed building renovation — as “pure distraction” relative to the scale of U.S. debt and interest costs.
He amplifies comments from early Bitcoiner Erik Voorhees, who calls Fed independence a “myth” and describes the central bank as operating “of, by and for the banks.” For Jeremie, the real story is looming rate cuts that he believes will further weaken the dollar and smooth the path toward a U.S. central bank digital currency, backed in part by crypto-related legislation he criticizes as hostile to genuine self-custody.
Tariffs, Hard Assets & The Big Dollar Squeeze
On the fiscal side, Jeremie points to markets reacting to potential U.S. tariff rulings, citing an X post noting “hundreds of billions in revenue” at risk and a corresponding rush into hard assets.
DaVinci argues that U.S. tariffs are ultimately paid by domestic consumers and do little to dent competitors such as China, which he notes posted a reported $1.2 trillion trade surplus despite existing U.S. measures.
He also flags commentary that dollars are “running into every hard asset” using it to question why anyone would be bearish on an asset with a fixed 21 million supply like Bitcoin.
Why This Matters
For crypto investors, Jeremie’s message is blunt: institutions, not retail, are setting the pace in this stage of the cycle, and policy theater around the Fed and tariffs may be masking a steady rotation into hard assets.
Whether his $96,000 Bitcoin thesis plays out or not, his analysis assumes that structural dollar pressure and tightening retail access will push more power — and more coins — into the hands of large financial players.
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