May. 08, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States. I reside in Washington State. By approving the bitcoin etf , you will give me hope for my future. The government through its fiscal policy of worrying only about today and destroys my future through money printing and inflation.the federal reserve , with its member banks being self interested , have printed their way into a corner and have taken us with them for the ride . Now they risk a recession through tightening or hyperinflation through more stimulus spending. Bitcoin is the first digital bearer instrument , that cannot be confiscated or manipulated by centralized body such as a government or a private centralized body such as the federal reserve. It is the life boat that allows people to escape this sinking fiat system that has been forced upon us . By approving the ETF, you allow me to convert my retirement savings into a decentralized non manipulated, non confiscate-able store of value . You let me participate in a global monetary network that is not controlled by any single entity . You let me have hope for my future . The longer you take to convert gbtc into a spot etf , the more my life savings bleed into oblivion . Do the right thing , protect small investors instead of the big companies , banks and institutions from small investors. You work for the people , not for your friends in big institutions. Prove that to us by your actions . Approve this ETF so that I can convert my gbtc into bitcoin and have hope for the future . Set an example for the world , that you are truly a force for the benefit of the people not against it . Sincerely, Sanchit Mehrotra