May. 10, 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've invested in the markets for 15+ years. I max my 401k out every year. I max my wife's and my ira every year. I own rentals, I own BTC and diversify in collectibles (rare game used sports memorabilia). I've lost money investing in public companies, as well private. I'm not the most sophisticated investor, but I'm a hard working self made multimillionaire. To me it's irresponsible to offer a future but no spot. It doesn't even make sense. Asking people to pay unnecessary fees to participate in owning a digital asset and emerging technology isn't doing what's best for Americans. The longer you wait, the worse off everyday Americans are. Keep america ahead of the curve. Our private sector paves the way to your success. All you've got to do is build the safety rails and get out of the way. It's not difficult. Do the right thing. Thank you for your time. Sincerely, Marc James Multimillionaire from Portland, Or