Feb. 22, 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 am 32 years old and have studied value investing from the likes of Warren Buffet and Charlie Munger since I was in high school almost 15 years ago. Though Buffet and Munger disagree on the merits of Bitcoin, that is their right as investors. It is my right to disagree and view this technology as the next frontier of innovation in our financial landscape. Having experienced the internet boom as a teenager, but being too young to capitalize on it, I see tremendous parallels between Bitcoin and the early days of the internet. I am not here to trade or arbitrage short term price movements, but I view this technology as a long term play that has the ability to restructure the world of finance in a positive way. Also, as an American I feel the world will be better off should the pool of American capital vote with their wallets to embrace this technology. Converting to an ETF with competitive pricing will certainly help enable this. I’ve placed my retirement in GBTC. My investment horizon is long. Please don’t delay the inevitable. America should be in front of this. Sincerely, Dan Childers