Davinci Jeremie, a young man from Chile, recently gained attention online due to one of his YouTube videos from a decade ago. Originally shared in 2013, the video resurfaced, where Jeremy passionately advised viewers to invest as little as $1 in Bitcoin (BTC). Little did anyone know back then that this small investment had the potential to create immense wealth.
In the video, Jeremy explained the fundamentals of Bitcoin, highlighting its decentralized nature and the fact that it was designed to regulate itself independently of any regulatory body. He referred to it as a “freedom provider for the rest of humanity,” indicating his belief in the coin’s power to bring financial independence to individuals.
What made the video even more compelling was Jeremy’s description in the video’s caption. He urged viewers to consider the price of a lottery ticket and instead invest that amount in Bitcoin. He emphasized that even if the price were to plummet to zero, the loss would only be $1, a negligible amount in the grand scheme of things.
Unfortunately, despite Jeremy’s passionate plea, many people disregarded his advice, as he revealed in a recent interview with CoinTelegraph in June 2023. Jeremy had hoped to guide people towards financial freedom, but instead, they dismissed him as crazy. It is often the case that significant opportunities are missed because they seem too good to be true.
Now, let’s explore what would have happened if someone had taken Jeremy’s advice and invested that \(1 in Bitcoin back in 2013. According to Investopedia, a renowned crypto assets price tracker, Bitcoin crossed the \)100 mark in April and reached $200 in October of that year, indicating a potential range for the coin’s price.
Assuming a hypothetical selling price of \(100 for Bitcoin when Jeremy made his video, that \)1 investment would have bought approximately 0.01 BTC. If we fast forward to Bitcoin’s all-time high (ATH), which reached around \(69,045, that 0.01 BTC investment would now be worth approximately \)690.45.
This simple calculation demonstrates the remarkable potential for wealth accumulation that existed through investing in Bitcoin at an early stage. It also underscores the missed opportunity for those who ignored Jeremy’s advice.
While Jeremy’s $1 investment may have yielded substantial returns, it is important to note that past performance does not guarantee future results. The cryptocurrency market continues to be highly volatile, and investing should always be approached with caution and thorough research.
Nevertheless, Jeremy’s story serves as a reminder of the incredible opportunities that can arise from even the smallest investments. As the saying goes, “You never know until you try.” So, take a moment to consider the possibilities and potential that may lie hidden within those seemingly insignificant opportunities.