Mar. 25, 2019
Hi,
As a woman who has been in this space since the early days, I find it vital that we the public keep control of our cryptocurrencies and accept the risks that come with self-ownership. I have a tax advisor who is helping me work through this messy period in time for the rest of the stuff.
To Bitwise: Your presentation is condescending and assumes that the public need protecting by an ETF.
It is also laughable that your presentation is essentially claiming that 95% of the volume is manipulated and that liquidity is much lower than previously calculated.
It is like asking permission from the fishing authorities by saying:
"Gee whizz 95% of the world's oceans are polluted, but we assure you that 5% is not. And the actual volume of fish is much smaller than previously calculated. So we Bitwise argue that it is a very healthy and stable environment for fishing. Therefore grant us a fishing license immediately {by taking our word for it} as it is a brilliant idea for us to go out fishing now!"
Come on SEC how can you grant and ETF after this fiasco? I am confident there are better workarounds than such products from the financial world.
Thank you for listening
Emma
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