Jul. 18, 2018
To Whom It May Concern,
I understand that not everyone is happy about the advent of Bitcoin, but it is here to stay. Bitcoin, being a very uncorrelated asset class, can provide both high returns and protection during a market calamity. One study done by Fundstrat found that a typical portfolio consisting of 60/40 stocks and bonds could have doubled their CAGR from ~6% to 12% by simply allocating 5% of the portfolio into Bitcoin.
As the global trade wars are escalating, please provide the public with access to a safe way to get exposure into Bitcoin. I predict they will want exposure to this asset class no matter what, but without a regulated ETF their Bitcoin investments would be at high risk since safely storing private keys is a new and foreign concept to many.
Best Regards, Riku Raisanen