U.Today - The Bitcoin Historian account (@pete_rizzo_) has shared a screenshot of a tweet published by prominent trader James Wynn. This high-risk leverage trader is currently holding a long Bitcoin position worth $809 million.

"I ain’t selling," trader says

In his tweet, Wynn stressed that he does not intend to sell and intends to buy more: “I ain’t selling. I’m buying into them. Position value now $809m.” So far, he stressed, the situation on the market is unraveling in the way he was expecting it to.

This trader is known for his large bets on meme coins. In 2023, he predicted PEPE to skyrocket to $4.2 billion in terms of market cap. The meme coin’s current market capitalization value is slightly more than $6 billion after it had risen from $4.2 million in April 2023, when Wynn made that bullish prediction.

Wynn announced his plan regarding Bitcoin as the leading cryptocurrency has plunged two days after reaching an all-time high near $112,000 as investors began to sell, locking in their profits. However, Wynn remains persistent, believing that BTC is about to reverse and continue ascending.

Michael Saylor remains bullish on Bitcoin

Vocal Bitcoin supporter, cofounder and executive chairman Michael Saylor addressed his millions of X followers to assure them that he remains bullish on digital gold in the long term. His short tweet says that “there are no tariffs on Bitcoin,” hinting at one of the major drivers that has pushed BTC down from its recently reached all-time high.

Traders now look for broader bullish macroeconomic signs that could support Bitcoin’s further rally, similar to the recently achieved consensus on trade tariffs between the U.S. and China.

On Thursday, Saylor announced on his X handle that his company, Strategy (formerly known as MicroStrategy), is making another move as it continues raising funds to expand its Bitcoin stash further.

Saylor announced that Strategy intends to raise $2.1 billion through selling preferred stock (STRF). The company recently bought almost $2 billion worth of Bitcoin and now holds 576,230 BTC worth $63,183,965,238.

This article was originally published on U.Today