Sep. 21, 2018
Dear Members of the SEC, due to the worldwide spread, the crypto market is not regulatable like the domestic products. In fact, a few keep a not insignificant part of the bitcoins. However, they are also anxious to sell their share for profit and therefore the distribution would improve. The manipulations are in my view, but not really relevant if the distribution and the associated lower volatility receives. The retention of any goods on the stock exchanges can indeed lead to manipulation. The amount of futures in the impact I would not rate as high as most bitcoins are hodlt. This risk area should be understood by investors in an ETF when they voluntarily invest in Bitcoin ETFs. The public, most of it, does not understand the technology of Bitcoin and its benefits to humanity. They refer to messages in which usually only bad over bitcoin was spoken. Like darkweb, drugs etc. They also can not see any valuable content in bitcoin. This ignorance reflects the public's opposite image of bitcoin and its functions. If the ETFs came from the progressive US nation, the adaptation and understanding would be greatly improved. Every major innovation has been criticized by the public in many ways. So it is with the Bitcoin and his technology. The OTC bitcoin market and the global bitcoin market are not opposing each other. As previously mentioned, the OTC market will decrease significantly as Bitcoin becomes more widely used. The market liquidity of the planned start is well balanced. With the further adaptation and the expected increase in value, the amount of 25 BTC is easily tradable. The value of Bitcoin for humanity is incredibly high. Not only the possibility of payment, the investment opportunity and transparency. But one specially: Above all, one point has been completely ignored. The immense accumulated funds of the global stock market. Their trillion worth exceeds all productivity levels many times over. These funds find a huge parking opportunity without harming the real economy. In an economic crisis, much of this money could be held back in the crypto market until the crisis is over. The cryptocurrencies will encounter the crises in a completely different way than we know them. The US nation has always been one of the greatest innovators in the world. Even if things did not go well (tell someone who has always done well), they are still defending freedom and innovation. In contrast, China, a communist country, seeks to explore and implement this innovation only from the government side. The population is prohibited from trading and the associated innovation. The Chinese government is outlawing the fear of losing control of the information. Unbearable information from the blockchains can not be changed, accessed, or manipulated to serve its own purposes. In a sense, crypto-adaptation is also a silent revolution that will benefit all humanity. The actions of governments such as China and other restrictive governments will avenge them as they lag behind global innovation. Don't be afraid of this innovation for fear of doing something wrong. Investors in the ETFs are made aware of the volatility of Bitcoin. They decide how much money they put into this market. It is their free will, it is their freedom. The freedom for the US stands for! Show to other restrictive states that one should not be afraid of its people and its development but should promote the freedom to grow as a nation and as a humanity. In your sense for innovation. Take the first small step to make it a bigger one for humanity. Thank you! Ukshin Rexhepi