Andrew Kang, the founder of Mechanism Capital, has significantly increased his investment in Bitcoin, establishing a long position valued at $200 million, as confirmed by on-chain data from crypto analytics platform Arkham.
In a post dated April 12, Arkham disclosed that a wallet associated with Kang executed a second leveraged long trade on Bitcoin, amounting to $100 million. This latest transaction brings his total investment in the cryptocurrency to $200 million.
This strategic move has an estimated risk profile indicating a potential gain or loss of about $6.8 million, highlighting Kang’s optimism regarding an upcoming surge in Bitcoin’s price.
Kang’s Enhanced Stake Coincides with Trump’s Investment Remarks
Kang’s augmented investment follows his initial $100 million long position made on April 9, shortly after former President Donald Trump’s enthusiastic message on Truth Social, urging followers that “THIS IS A GREAT TIME TO BUY!!! DJT.”
Subsequently, the Trump administration announced a 90-day moratorium on the global tariffs previously implemented, which had prompted a negative reaction in the markets just hours before.
In a separate communication on April 12, Kang articulated that the current market dynamics are particularly favorable for Bitcoin, attributing this to the Trump administration’s potential shift in trade policy and what he referred to as a “Trump put”—the notion that Trump would prioritize market prosperity.
Kang believes these elements combine to create an ideal scenario for Bitcoin to reverse its prolonged downturn.
Trump Put potentially in pic.twitter.com/hYkgbYTECr
— Andrew Kang (@Rewkang) April 9, 2025
The developments have sparked debate, particularly among lawmakers. On April 11, Senate Democrats requested that the Securities and Exchange Commission (SEC) investigate possible insider trading implications tied to Trump’s social media messages, which they claim may have hinted at the tariff reversal.
Bitcoin’s value has exhibited volatility amid the evolving tariff scenario, rising and falling by over 2% within the last 24 hours. After dropping to $83,197, Bitcoin has seen a recovery and is trading at approximately $85,000, based on CoinGecko’s latest figures.
In a follow-up statement on April 13, Trump indicated that while there would be no “exception” to the tariffs, Chinese electronics would be moved to a newly classified 20% tariff category, escalating speculation and contributing to market fluctuations.
Bitwise Remains Optimistic with $200K Bitcoin Forecast
Despite the rising tensions in global trade and economic uncertainty, Bitwise, an institutional investment firm focused on cryptocurrency, maintains its confident outlook for Bitcoin, forecasting a year-end price target of $200,000.
Last week, Bitwise’s Chief Investment Officer, Matt Hougan, reiterated his prediction made in December, suggesting that Bitcoin could reach $200,000 by the end of 2025.
Hougan contended that recent changes in U.S. trade policy, particularly the renewed tariff measures initiated by Trump, could serve as favorable factors for Bitcoin’s growth.
He elaborated that the administration’s readiness to undermine the dollar’s strength could benefit decentralized assets such as Bitcoin, even if it jeopardizes the dollar’s status as the world’s reserve currency.
Looking ahead, Hougan envisions a gradual shift from a singular global reserve currency to a more diversified monetary landscape, with Bitcoin and gold potentially taking on more significant roles in international finance.
“If the dollar’s stability comes into question, it will compel governments and corporations to consider alternatives,” he noted.
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