July 12, 2018
I would like to add my support for the Bitcoin ETF, issued by the VanEck SolidX Bitcoin Trust.
According to recent studies, 30% of millennials would rather invest in Bitcoin than in government bonds or stocks. This interest is no surprise, considering millennials have grown up in an age where technology is advancing at a rapid pace. I believe it is crucial to allow this technology to flourish, without over-regulating or stifling the potential for growth.
Blockchain and cryptocurrency technology is attracting some of the greatest minds of our time. It has the ability to impact virtually every single field and industry, including healthcare, transportation, business and retail, virtual reality, AI, and countless others. As the gate-keeper for the success or failure of this technology in the USA, the SEC has the unique opportunity to help to promote the growth of this industry. I hope you will place careful consideration in this decision and see the reasons why we should be promoting and growing this industry, rather than stifling it.
The ETF issued by the VanEck SolidX Bitcoin Trust is a small step towards establishing legitimacy for Bitcoin and the cryptocurrency space as a whole, and can be very beneficial to the USA in promoting ourselves as a leader in this new and important technology.