Bitcoin’s late-year stoop has revived a well-known on-line chorus that the market is “managed” and value is being suppressed however Technique CFO Andrew Kang mentioned the manipulation thesis doesn’t sq. with Bitcoin’s scale, and that even giant, extremely liquid public automobiles wrestle to maneuver the needle.
Talking on Natalie Brunell’s Coin Tales in an interview dated Dec. 30, Kang framed latest bearish sentiment as much less about Bitcoin-specific weak spot and extra about how the asset nonetheless trades inside a broader danger regime formed by macro uncertainty, fee expectations, and tech volatility.
Is The Bitcoin Value ‘Manipulated’?
Brunell requested Kang to handle hypothesis that Bitcoin has been manipulated “over the past quarter or so,” a story some commentators tie to the Oct. 10 liquidation occasion and the timing of an MSCI memo about potential index methodology modifications for digital-asset-treasury firms.
Kang didn’t rule out that some actors might need to affect markets, however he dismissed the thought of a coordinated, systemic suppression plan as implausible at Bitcoin’s present market dimension.
“I actually, you recognize, I believe quite a lot of that comes from issues which can be enjoyable to speak about,” Kang mentioned. “May there be minds that assume like that? Almost definitely. However I believe for the size wherein we function, the magnitude of what Bitcoin is in the present day on this market, it’s laborious for anyone actor to essentially manipulate the market. And for there to be a systemic kind of plan to try this feels just a little far-reaching to me.”
He added that conspiracy narratives typically get stapled to Technique itself together with claims that its fairness issuance or weekly shopping for is “why this occurred” however argued that the asset has grown past any single company treasury’s potential to steer value motion meaningfully.
“The very fact is Bitcoin is such a giant asset class now,” Kang mentioned. “Even Technique has a tough time doing one thing that impacts it.”
Don’t miss my first sit-down with Technique CFO Andrew Kang!
We talk about Technique’s plan to maintain accumulating Bitcoin, the asset’s underperformance in 2025, MSCI inclusion, whether or not there’s “market manipulation” and rather more. pic.twitter.com/yqGhQHadcW
— Natalie Brunell ⚡️ (@natbrunell) December 30, 2025
The Actual Causes For BTC’s Value Motion
Kang repeatedly returned to the concept that Bitcoin stays an “rising asset,” and that volatility is a characteristic of its present stage of adoption reasonably than proof of hidden palms. He pointed to his personal entry level in 2022, a 12 months he recalled as a harsh lesson in draw back strikes, and argued that in the present day’s sentiment doesn’t look uniquely Bitcoin-driven.
“To me [the sentiment] isn’t Bitcoin particular,” Kang mentioned, describing Bitcoin as nonetheless “considered as a danger asset inside a broader macro setting.” He cited uncertainty round Federal Reserve coverage and fee expectations subsequent 12 months, whereas emphasizing that the long-term “intrinsic values” Bitcoiners cite, like finite provide and store-of-value framing, “nonetheless persist.”
In certainly one of his most emphatic passages, Kang laid out a sweeping view of Bitcoin’s long-run trajectory as Technique’s rationale for persevering with to boost capital and add to its steadiness sheet.
“There’s nonetheless extra upside to Bitcoin. We all know it’s going to go from the place it’s in the present day to, you recognize, again to $125K, as much as $200K, as much as one million, as much as 21 million sooner or later,” Kang mentioned. “That every one nonetheless goes to occur. It simply goes to occur over a time period. And there’s going to be volatility related to it.”
At press time, BTC traded at $88,730.
Featured picture from YouTube, chart from TradingView.com
Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our staff of prime expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.