Bitcoin’s late-year stoop has revived a well-recognized 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 battle 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, price 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 adjustments for digital-asset-treasury firms.
Kang didn’t rule out that some actors could need to affect markets, however he dismissed the concept of a coordinated, systemic suppression plan as implausible at Bitcoin’s present market measurement.
“I truthfully, you understand, I believe lots of that comes from issues which might be enjoyable to speak about,” Kang mentioned. “May there be minds that assume like that? Almost certainly. However I believe for the size through which we function, the magnitude of what Bitcoin is as we speak on this market, it’s exhausting for anyone actor to actually manipulate the market. And for there to be a systemic type of plan to do this feels slightly far-reaching to me.”
He added that conspiracy narratives usually 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 an enormous 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 way 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 Bitcoin stays an “rising asset,” and that volatility is a function of its present stage of adoption moderately than proof of hidden arms. He pointed to his personal entry level in 2022, a yr he recalled as a harsh lesson in draw back strikes, and argued that as we speak’s sentiment doesn’t look uniquely Bitcoin-driven.
“To me [the sentiment] isn’t Bitcoin particular,” Kang mentioned, describing Bitcoin as nonetheless “seen as a danger asset inside a broader macro surroundings.” He cited uncertainty round Federal Reserve coverage and price expectations subsequent yr, whereas emphasizing that the long-term “intrinsic values” Bitcoiners cite, like finite provide and store-of-value framing, “nonetheless persist.”
In one in every 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 lift capital and add to its stability sheet.
“There’s nonetheless extra upside to Bitcoin. We all know it’s going to go from the place it’s as we speak to, you understand, again to $125K, as much as $200K, as much as one million, as much as 21 million someday,” Kang mentioned. “That every one nonetheless goes to occur. It simply goes to occur over a time frame. 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
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