Mechanism Capital Lianchuang: Before and after the launch of ETF, the downside risk will weaken to about 10%

Andrew Kang, co-founder and partner of cryptocurrency venture capital firm Mechanism Capital, posted on social media platform X stating that he believes the downside risk will decrease to about 10% before and after the launch of a physical Bitcoin ETF, while the upside risk will reach 100% within the next 12 months. Once approved, we will receive seed funding of $500-700 million (which requires direct purchase of BTC), and we will also see the largest sales/marketing campaign.