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 live in San Diego, California and was raised to hold the guiding principles of our founding fathers and documents above almost everything else in this complex world. I’ve spent hundreds if not thousands of hours studying and understanding the properties of Bitcoin and other distributed systems technology for years now. It’s my strong opinion that this technology has the potential, if implemented and regulated properly, to improve our society at a magnitude greater than even the internet, as unbelievable as that may seem. It can also do that in a way that aligns very much with our country’s founding principles and gives more personal soveirgnty and freedom to our citizens, rather than eroding our freedoms like many current internet technologies do. This potential for positive change, when you really boil it down, is simply because it has potential to remove many of the trust assumptions that create friction in the human cooperation and contracts that our advanced society is built upon. I hope that wasn’t too abstract… it’s what all this blockchain tech comes down to in the end and I sincerely hope those in our governmental bodies spend the effort to understand this because it’s incredibly important if we want to create the best possible future for ourselves. In light of this opinion, I want to support a Spot Bitcoin ETF in the USA because it’s just another small step along a path that allows our country to leverage this powerful technology and not fall further behind the various other countries that have been more open to it. Sincerely, Eric Young