<ul><li>Crypto trader James Wynn places almost $1 billion bet on Bitcoin's further rise, using borrowed funds to amplify stake on Hyperliquid decentralized exchange.</li><li>Wynn's past success includes predicting Pepe memecoin's market value, translating to eight-figure gains, and now his leveraged Bitcoin position stands at $800 million with $40 million unrealized gains.</li><li>The bet comes with risks as Bitcoin falling below $100,850 could wipe out the position, but Wynn plans to add more funds instead of facing liquidation in case of market turbulence.</li><li>Market outlook suggests chances of Bitcoin hitting $115,000 to $120,000 are favorable, aligning with Wynn's target, but caution is advised due to potential quick drops and market slippage.</li></ul>

Crazy Bitcoin Bet: Trader’s $1 Billion Wager Says BTC Climbs This Week

Discover more