Sep. 20, 2018
To whom it may concern, I imagine you will have a lot to process to I will try and just offer my counter arguments for some popular points of concern Firstly, to summarise, I think a Bitcoin ETF is over due. In a digital world (and also in hindsight), I am actually surprised that a digital currency has not gained more traction already. If you look around the world and how we are evolving, this kind of currency/investment can solve many problems with corruption, poorly distributed wealth and international transactions for many services. Points of concern: - Use by criminals - Even if this is the case anywhere, money will always be laundered somehow. If anything, tracing illegal bitcoin transactions will be easier than tracing many other laundering practices - Volatility - As with every volatile investment, this comes to an end and becomes less dramatic, all investments come with a consequence - Manipulation - BTC is unique in its entry to market, which lends itself to lower liquidity and its associated pain points. However, if you had some SEC backed approval and exposed it to more traders and more trading algorithms , that alone will drastically improve how it can be manipulated IMO. `shakes` happen all the time many stocks, I used to make a fair amount of money tracing Apple stock after big dumps from 2010 - 2012… I see no difference. Many thanks, Aaron Tredrea Sent from ProtonMail, encrypted email based in Switzerland.