James Wynn Predicts Again: Bitcoin Should Rebound at Least 10%

2025-12-272025-12-25 by admin

BlockBeats news, December 25, the well-known ‘bankruptcy whale’ James Wynn issued another ‘extreme prediction’ this morning, stating that ‘Bitcoin could double within 60 days, reaching around $175,000, as funds may shift from stocks, real estate, and precious metals (all at historical highs) to BTC, following a 35% decline in BTC from $120,000.’

However, he later moderated his forecast, saying Bitcoin ‘will at least retest the 50-week moving average, implying a gain of over 10%.’

Previously, on the 23rd, the well-known ‘bankruptcy whale’ James Wynn again leveraged BTC with a 40x long position.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.