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Davinci Jeremie: Bitcoin reaches $70k as panic resurfaces among investors
Davinci Jeremie, crypto influencer, commented on Bitcoin reaching $70,000 and the surge in panic-driven posts.
He pointed out that similar market reactions have occurred multiple times since 2011, recalling his own experience buying Bitcoin at $2 when $32 was considered a peak. Jeremie suggested that those who buy Bitcoin during such periods of panic often benefit in the long run.
Jeremie has previously emphasized Bitcoin's fixed supply of 21 million, contrasting it to global population growth in a recent commentary. In another analysis, he indicated that the BTC to gold ratio may have reached a cycle low, referencing forecasts from earlier this year he shared in February. Both remarks reflect recurring themes in Jeremie's views on Bitcoin's market position.
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