Andrew Kang, founder of Mechanism Capital, has doubled his investment in Bitcoin by placing a $200 million long position, according to on-chain data. This move follows an initial $100 million bet made just days earlier. Crypto analytics firm Arkham reported this development alongside a statement highlighting the potential profit or loss that could arise from Kang's position. The increased investment comes in the wake of US President Donald Trump's social media post suggesting it was a good time to buy Bitcoin, which coincided with a positive market response amid tariff announcements that had previously hurt financial markets. Kang expressed that the situation, involving trade war capitulation and what he called a 'Trump put,' creates a favorable environment for Bitcoin to recover from its prolonged downtrend. Despite uncertainty surrounding tariff exemptions for electronic goods, Bitcoin has experienced volatility, currently trading around $85,000 after hitting a low of $83,197 recently.

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