“$IBIT has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by $IEMG. It’s now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”
— Eric Balchunas on X
Quote of the Week
“Remember that until 1991, commerce on the Internet was illegal. Lawmakers were concerned that the open exchange of information would facilitate money laundering, terrorism, scams, and use up lots of energy…
The proliferation of the Internet was a deliberate policy choice by the United States. We got rid of bad laws, passed good ones, and poured tens of billions of dollars into internet research, development, and access.
Our investment has paid for itself countless times over. The Internet led to incredible economic growth and spread democratic values across the globe.
Now we have the same opportunity with Bitcoin, a network which does for value what the Internet did for information.
The argument isn’t that Bitcoin will be used exclusively for salutary ends. It’s a tool.
The argument is that the U.S. can safeguard its financial future, drive economic growth, counter its rivals, export its values, and promote human rights… all by investing in Bitcoin.”
— David Zell, co-founder of the Bitcoin Policy Institute
Podcasts of the Week
The Last Trade E073: The Orange Wave with Larry Lepard & David Foley
In this episode of The Last Trade, Larry Lepard & David Foley join to discuss the orange wave, strategic bitcoin reserves, the sound money imperative, govt policy implications, asymmetry & market cycles, & more!
Scarce Assets E022: Eric Weiss – Accelerating Bitcoin Adoption
In this episode of Scarce Assets, the great Eric Weiss joins hosts Andy Edstrom & Jesse Myers to discuss corporate & nation-state adoption, bitcoin as the hurdle rate, the future of energy production, navigating price discovery, & more!
Wake Up Call (11.12.24): Kristin Stroud & Matt McClintock
In this episode of Wake Up Call, hosts Rich Kerr & Mark Connors are joined by Kristin Stroud & Matt McClintock to discuss the importance of tax & estate planning in bitcoin ownership, the custodial realities of the asset, & more!
Closing Note
Onramp provides bitcoin financial services built on multi-institution custody. To learn more about our products for individuals and institutions, schedule a consultation to chat with us about your situation and needs.
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Until next week,
Mark Connors & Brian Cubellis
