Roundup: Bitcoin Strength Amidst Economic Weakness
Dylan LeClair | Guest Contributor
Nov 9, 2023
Hi all,
This is Dylan LeClair, presenting this week’s Onramp Weekly Roundup.
Before we get started… If you’re a HNWI or Institution looking for the best way to get exposure to bitcoin, Onramp Bitcoin could be the right fit for you – schedule a chat with us to discuss your situation & needs.
And now, here’s the weekly roundup…
Bitcoin on a Tear
Bitcoin continued its upward ascent this week, flirting with new year to date highs at the time of writing, at around $37,000, +122% year to date so far in 2023. The move comes amidst flurries of optimism by market participants of an ETF approval. While this may be the case, we believe the causation is viewed backwards. Bitcoin’s improving fundamentals aren’t a result of a potential ETF approval, but an ETF approval is a result of bitcoin’s inherent fundamentals, which continue to strengthen against any and all circumstances.





