Subject: File No. SR-CboeBZX-2018-040
From: Crystal Toner, MD

July 19, 2018

Hello,

I am writing in strong support of the SEC approving Bitcoin ETF. As a direct descendant of William Penn, I am of the understanding that the US is a democracy. In my opinion, allowing American citizens to choose an alternative store of value like Bitcoin, is not only wise, but is fundamentally democratic. Despite the relative volatility, BTC has proven itself since 2009 to hold and increase its value exponentially. It is not manipulated like other systems and cannot be hacked. Despite unquantifiable (and often absurd and uneducated) claims that Bitcoin and its underlying technology is used for wrong doing, I encourage anyone taking such claims into consideration to also consider the systemic issues which created the economic circumstances of 2008. The millions of (quantifiable) instances of criminal activity directly related to the USD over the last 75 years should also be considered. We need alternative economic choices as regards our investments and our money, it is our right as adults in this country participate in any and all economic systems which are aligned with our values and may benefit society as a whole.

Thank you for your time and consideration.