The founder of crypto venture firm Mechanism Capital, Andrew Kang, has astounded both friends and Foes with his bullish bet on the flagship cryptocurrency, Bitcoin, in which he took a $200 million long position.
According to a post by cryptocurrency analytics platform Arkham Investment, the crypto wallet that made a second $100 million leveraged but on BTC has been associated with Andrew Kang, meaning his total position now stands at $200 million.
The position taken by the Mechanism Capital founder and CEO has an estimated potential of up to $6.8 million in either direction, highlighting the man’s bullish sentiment towards an imminent Bitcoin rally.
Situation Just Ideal for Bitcoin
According to onchain data, Andrew Kang made his initial $100 million long position on April 9, 2025, after pro-crypto US President Donald Trump stated on Truth Social, “THIS IS A GREAT TIME TO BUY!!! DJT.” The President’s statement preceded an announcement for a 90-day pause on his government’s “Reciprocal Tariffs” that had jolted the crypto market and the entire global financial market.
The announcement briefly reversed the negative market sentiment experienced just hours after the tariffs were enacted. Commenting on the $200 million long position he took in a separate post on social media platform X, Andrew Kang reiterated that the current situation was ideal for Bitcoin.
The Mechanism Capital founder cited the President’s change in trade policy in what he dubbed “Trump put,” a belief that President Trump meant well for crypto market growth. According to Kang, the factors that had been created were:
“The perfect combination for BTC to reverse a multi-month downtrend.”
Who is Andrew Kang?
According to Dropstab.com, Andrew Kang is a renowned crypto trader and investor who has astounded many with his $0 to $200 million long position on Bitcoin. Kang is the founder and CEO of Mechanism Capital, a firm that invests in crypto through mining, prop trading, ventures, and secondary financial markets. According to other sources, Kang worked in portfolio and venture capital at Digital Capital Management.
Other online sources indicate that Andrew Kang has been deeply involved in numerous decentralized finance (DeFi) ventures and actively provides analysis on DeFi projects using his X handle.
Made Accurate Predictions
On the DeFi segment of the crypto market, Kang’s famous quote is:
“DeFi has been around for years but has only recently received serious recognition in the crypto community. But even with the buzz, the levels of understanding, usage, and capital allocation are all still low with high upside potential.”
Besides being a prominent crypto entrepreneur, Andrew Kang has also accurately predicted all market drops since 2020, which is why many experts consider him a trading legend. Sources indicate that the Mechanism Capital founder believes $ETH will continue to play second fiddle to Bitcoin and would only attract up to 15% of the funds that initially flowed into BTC, which he believes will continue to limit its upside potential significantly.
Conclusion
For a man who has been able to turn a $5,000 investment into over $200,000 in his 20s, everyone will be watching what happens to his $200 million long shot on Bitcoin. With all the predictions of crypto market crashes he has made from 2020 to 2024 coming true, it will be interesting to see what trajectory his current bet will take.
Frequently Asked Questions (FAQs)
What does taking a long position in crypto involve?
A long position is a bullish strategy that involves buying a cryptocurrency with the expectation that its value will rise over time.
What is an example of a long position?
In the long run, an investor buys crypto with the expectation that its price will increase in the future. They profit by selling the asset at a higher price than they paid.
What are the risks of a long position?
The risks associated with a long position are the asset’s value and the possibility that its value could fall.
Appendix: Glossary to Key Terms
Long position: Buying an asset or a stock with the expectation to sell it later at a higher price than you bought it.
Onchain data: On-chain data refers to cryptocurrency transactions that occur on a blockchain’s main chain.
Leveraged bet: Leverage is like borrowing extra funds to trade more prominent positions than your account balance allows.
