The cryptocurrency market experienced a week of dizzying highs and stark warnings, painting a vivid picture of a sector brimming with both opportunity and peril. While Bitcoin surged to unprecedented levels, igniting bullish forecasts, the narratives of a prominent crypto critic and a high-leverage trader served as a potent reminder of the volatility that defines the digital asset space.
A Tale of Two Strategies: Schiff’s Caution vs. Wynn’s Gamble
As Bitcoin climbed past $112.000 to set new records, longtime gold advocate and Bitcoin critic Peter Schiff urged investors to see it as a “great time to sell.” In a classic clash of asset philosophies, Schiff advised rotating profits into silver, arguing the precious metal has more upside potential and “very limited” downside compared to Bitcoin, which he claimed “can easily crash.”
This warning about risk was dramatically illustrated by the story of James Wynn, a crypto trader who gained notoriety for his high-risk, high-leverage bets. This week, Wynn appears to have deactivated his X account after suffering staggering nine-digit losses. His wallet balance, once in the hundreds of millions, dwindled to just over $10.000. Before disappearing, Wynn changed his bio to a single word: “broke.” The trader’s story serves as a cautionary tale on the dangers of speculation, a point he acknowledged himself in a now-deleted post: “I’m effectively gambling, and I stand to lose everything. I strongly advise people against what I’m doing.”
Institutional Moves and Regulatory Scrutiny
Away from the trading frenzy, institutional players continued to navigate the evolving regulatory landscape.
• Grayscale Challenges SEC: Asset manager Grayscale escalated its dispute with the U.S. Securities and Exchange Commission (SEC) over the delay in approving its Digital Large Cap ETF. Grayscale’s attorneys argue the SEC’s decision to review an already-approved proposal violates statutory deadlines and established procedures.
• Binance and the Trump-Linked Stablecoin: A Bloomberg report alleged that crypto exchange Binance was instrumental in creating and promoting the USD1 stablecoin from World Liberty Financial (WLF), a firm backed by Donald Trump and his sons. Binance CEO Changpeng Zhao dismissed the article as a “hit piece.”
• France Investigates X: The French Public Prosecutor’s Office has launched a criminal investigation into social media platform X for alleged algorithmic manipulation and foreign interference, highlighting the increasing scrutiny on the platforms where much of the crypto discourse takes place.
Is the Creator Economy Back? Snoop Dogg’s NFT Success
Defying the narrative that the NFT market is “dead,” American rapper Snoop Dogg sold out a collection of nearly one million NFTs on Telegram in just 30 minutes. The sale, powered by the TON blockchain, generated $12 million and showcased the continued power of celebrity influence and new distribution models in the Web3 space. The collection featured digital items inspired by the rapper’s iconic style, signaling a potential revival of interest in digital collectibles.
Market at a Glance
At the end of the week, the market reflected a mixed but generally positive sentiment. The total crypto market capitalization stood at $3,68 trillion.
| Asset | Price | Top Weekly Gainers | Change (%) | Top Weekly Losers | Change (%) |
| BTC | $117.967 | MemeCore (M) | +1.234,52% | Jito (JTO) | -4,57% |
| ETH | $2.962 | Stellar (XLM) | +59,52% | OKB (OKB) | -0,64% |
| XRP | $2,78 | Story (IP) | +49,69% | Pi (PI) | -0,15% |
Looking Ahead: The $258.000 Bitcoin Prediction
As traders digest the week’s events, some analysts are looking toward an even more bullish future. One anonymous analyst, apsk32, pointed to a “power law” model, which tracks Bitcoin’s long-term exponential growth. According to this model, if historical patterns repeat, Bitcoin could potentially rally toward a target of $258.000. While only a forecast, it underscores the high expectations fueling the current market cycle.
Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Always conduct thorough research before making investment decisions.
