July 12, 2018
Dear SEC and to whom it may concern,
The approval of an ETF for Bitcoin would be a monumental step forward to the integration of this technology into regular society. Though it may not seem like it now, the technology behind bitcoin has enough innate advantages to cause a shift between the current conventional store and exchange of value, and the future of wealth and information exchange on the blockchain. The immutability of the trust-less blockchain financial system will supersede the current system we have now, and the countries and people who adopt this early will be leaders of global finance in 50 years. I highly reccomend giving Americans access to this future through an ETF that can shelve the risk associated with the immature nature of these assets. Bitcoin and other cryptocurrencies are not like any asset class you have ever seen, and because of this a new attitude towards them will soon be necessary. Until then, taking steps like allowing an ETF will serve to introduce the public to this future. Should you doubt the validity of this technology, be warned that it will not only surprise you, but will leave you and this country behind. As an American I really don't want to see that happen, especially because our rivals are waiting to pounce on any economic weakness we show. Hence the massive blockchain development in China, who is quickly racing to become the world leader in the development of the technology. Exposing the American public to blockchain can only do us good in the long run.
Thank you,
Have a great day