Andrew Kang, founder of Crypto Venture Firm Méchanism Capital, would have doubled his optimistic bet on Bitcoin, taking a position of $ 200 million, according to chain data analyzed by the crypto analytics arkham platform.
In an April 12 article on X, Arkham revealed that a portfolio linked to Kang had made a second 100 million dollars on Bitcoin, bringing its total position to $ 200 million.
The recent trade leads to a potential gain or loss estimated at around $ 6.8 million, reflecting Kang’s confidence in a short -term bitcoin rally.
Kang Double on Bitcoin after Trump’s “good time to buy”
This decision comes just a few days after Kang launched his first $ 100 million on April 9, following a position by US President Donald Trump on Truth Social who said: “It is the ideal time to buy !!! Djt. “
Shortly after the position, the Trump administration announced a 90 -day break on its recently imposed global prices, reversing the negative market reaction from hours earlier when the prices came into force.
In an article separated on April 12, Kang described the current environment as an ideal configuration for Bitcoin, citing the apparent change in the Trump administration’s commercial policy and what he called a “Trump put” – a belief that Trump will favor market growth.
According to Kang, these factors create “the perfect combination for BTC to reverse a downward trend of several months”.
However, the situation aroused controversy.
On April 11, the Democrats of the Senate urged the Securities and Exchange Commission (SEC) to investigate the exchange of initiates and the manipulation of the potential market linked to the social media position of Trump, which, according to them, perhaps claimed the tariff decline.
The Bitcoin price has fluctuated in the middle of the uncertainty of the current rate, swinging more than 2% in the last 24 hours.
After plunging $ 83,197, Bitcoin rebounded and negotiated about $ 85,000 at the time of the press, according to Coingecko.
In a follow -up article on April 13, Trump said that there was no “exception” rate but said that Chinese electronics would be reassigned to a new tariff category of 20% – more food speculation and volatility on the market.
Bitwise sticks to a Bitcoin price target of $ 200,000
Despite the assembly of global trade tensions and economic uncertainty, the investment company in institutional cryptography remains confident in its bitcoin prices at the end of the year daring.
Last week, the director of chief investments of Bitwise, Matt Hougan, reiterated his December prediction that Bitcoin could reach $ 200,000 before the end of 2025.
Hougan argued that recent developments in American trade policy, in particular within the framework of the push of the renewed price of former President Donald Trump, could act as tail winds for Bitcoin.
According to Hougan, the administration’s apparent desire to weaken the US dollar – without risk of risking its role in global reserve currency – could ultimately benefit decentralized assets like Bitcoin.
In the long term, Hougan is considering a distance from a single global reserve currency towards a diversified system.
In this future, he sees Bitcoin and Gold playing a more important role in international finances.
“If the dollar stability is in question, governments and businesses will have to look elsewhere,” he added.
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