Apr. 10, 2021
Hello, I am an individual. I am an investor of equities, bonds, non-traded REITs, private equity, real estate, gold, and silver. Recently I am also a BTC and EHE investor. I have primarily used Grayscale products, yet I have also used Coinbase, Kucoin, and other such cryptocurrency exchanges. Bitcoin is a store of value. As others have pointed out Bitcoin at this point is not an efficient medium of exchange. What the largest value of Bitcoin is is the Blockchain technology, coupled with Ethereum and its development platform. There are other existing and pending cryptocurrencies on their way. This is not about power consumption, or where the miners are, etc, etc. I fully trust that individuals will invent and invest in enabling green energy. It's inevitable. It's about an entirely new market -- like the NYSE and Nasdaq - on its own, or a part of existing such markets. Developers will create trillions in value if BTC and ETH can be ETF'd. There are already 1000's of ideas being developed with the smart contract technology of Ethereum. Blockchain enables trust in the transaction. Again, trillions in added value are waiting to be developed. Enabling green energy, trillions of dollars in efficiencies, 10's of thousands of jobs. The SEC should not stand in the way of monetary policy progress. The SEC should not stand in the way of efficiencies for the US and the world. Approving this, and other (repeat - other!) BTC ETF's will open the door for value beyond measure! Thank you. -- Regards, Darrin Donithorne