July 12, 2018
In an ever evolving digital world it is safe to say that our current means of transacting are antiquated relative to the technology that exists. I can send a message around the world in split seconds but I can't do the same with money? This notion seems bizarre considering we have the technology in Bitcoin and related assets to transact on a global scale, and at the same speeds that we send emails or text messages. Yes, the current systems in place "work",sorta, but can they keep up with the rapidly changing digital world? Probably Not.
It is safe to say that the Bitcoin Pandora's box has been opened. The public awareness of the digital asset class, Cryptocurrencies, along with its numerous technological improvements on our current banking systems, is rapidly increasing. With increasing awareness there will be a call to action to regulate and bring the asset class "mainstream". To the public it makes sense that a digital world would requires a digital asset to keep up with the rapid evolution of technology.
It is thus the responsibility of regulatory bodies like the SEC to help foster the growth of these technologies,within the means of their regulatory powers and for the better well being of the public. Allowing the listing and trading of a Bitcoin ETF will open the doors for increasing number of people to safely invest into what is the future of finance.
Approve it
Regards,
-J