October 17, 2018
Dear SEC members,
I strongly support the acceptance of Bitcoin ETFs. Doing so will show your support of innovation within our country. Professional (smart) money will flow into the sector and will lead to the funding and support of major projects with the vision to change things for the better. Innovation can be only be halted for so long, and if done so for long enough, I fear the innovation will go elsewhere.
Bitcoin is a win for the investor because it promises a deflationary store of value, it's a win for the government who will be able to monitor taxation more easily through registered exchanges in the United States, and its a win for global commerce because it lowers barriers to entry by removing the hurdles involved in centralized banking.
The United States needs to be a leader in this space, rather than waiting until another country seizes this opportunity thereby siphoning funds outside our borders. For that reason, I respectfully submit my support for the approval of the CBOE Bitcoin ETF. Lets get this passed and start the next leg of innovation.