July 10, 2018
I strongly support the proposal of Bitcoin ETF.
In December because of SEC approval of Futures, Bitcoin went up from $3K to $20K. we again need SEC help to make money for small retail investors who lost lot of money in last 7 months. ETF has potential to take the price of Bitcoin from $6K to $30K in few days and that can start the new crypto cycle and help US economy during these trade wars.
ETF will be the great news for US economy. crypto is the future and US can lead the world by allowing ETF.Crypto Investors around the world is eagerly waiting for SEC to approve it and support this revolution.
Blockchain is already and going to make even larger impacts on industries from online databases to financial institutions. By creating an ETF it will not only bring more attention to the industry and propel more businesses to get involved but also to validate average investors to hedge into other investment vehicles. We strongly urge that this ETF get approved to signal more businesses to get involved with more regulation and prove this market safe for everyone looking to get involved.
Regards,
Keem