Bitcoin’s late-year droop has revived a well-recognized on-line chorus that the marketplace is “managed” and value is being suppressed however Technique CFO Andrew Kang stated the manipulation thesis doesn’t sq. with Bitcoin’s scale, and that even massive, extremely liquid public automobiles combat to transport the needle.
Talking on Natalie Brunell’s Coin Tales in an interview dated Dec. 30, Kang framed fresh bearish sentiment as much less about Bitcoin-specific weak spot and extra about how the asset nonetheless trades inside a broader chance regime formed via macro uncertainty, price expectancies, and tech volatility.
Is The Bitcoin Worth ‘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 match and the timing of an MSCI memo about attainable index method adjustments for digital-asset-treasury corporations.
Kang didn’t rule out that some actors might need to affect markets, however he pushed aside the speculation of a coordinated, systemic suppression plan as fantastic at Bitcoin’s present marketplace measurement.
“I in truth, you recognize, I believe a large number of that comes from issues which are amusing to speak about,” Kang stated. “May just there be minds that assume like that? Possibly. However I believe for the size during which we perform, the magnitude of what Bitcoin is as of late on this marketplace, it’s exhausting for anyone actor to truly manipulate the marketplace. And for there to be a systemic kind of plan to do this feels a bit of far-reaching to me.”
He added that conspiracy narratives steadily get stapled to Technique itself together with claims that its fairness issuance or weekly purchasing is “why this took place” however argued that the asset has grown past any unmarried company treasury’s talent to persuade worth motion meaningfully.
“The reality is Bitcoin is one of these large asset magnificence now,” Kang stated. “Even Technique has a troublesome time doing one thing that affects it.”
Don’t pass over my first sit-down with Technique CFO Andrew Kang!
We talk about Technique’s plan to stay collecting Bitcoin, the asset’s underperformance in 2025, MSCI inclusion, whether or not there may be “marketplace manipulation” and a lot more. %.twitter.com/yqGhQHadcW
— Natalie Brunell ⚡️ (@natbrunell) December 30, 2025
The Actual Causes For BTC’s Worth Motion
Kang time and again returned to the concept Bitcoin stays an “rising asset,” and that volatility is a function of its present degree of adoption moderately than proof of hidden fingers. He pointed to his personal access level in 2022, a yr he recalled as a harsh lesson in problem strikes, and argued that as of late’s sentiment doesn’t glance uniquely Bitcoin-driven.
“To me [the sentiment] isn’t Bitcoin particular,” Kang stated, describing Bitcoin as nonetheless “seen as a chance asset inside a broader macro atmosphere.” He cited uncertainty round Federal Reserve coverage and price expectancies subsequent yr, whilst emphasizing that the long-term “intrinsic values” Bitcoiners cite, like finite provide and store-of-value framing, “nonetheless persist.”
In one in all his maximum emphatic passages, Kang laid out a sweeping view of Bitcoin’s long-run trajectory as Technique’s rationale for proceeding to lift capital and upload to its steadiness sheet.
“There’s nonetheless extra upside to Bitcoin. We comprehend it’s going to move from the place it’s as of late to, you recognize, again to $125K, as much as $200K, as much as one million, as much as 21 million at some point,” Kang stated. “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 symbol from YouTube, chart from TradingView.com
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