Source: Onramp, Koyfin. 3-, 5-year figures annualized.
Bitcoin defied other assets classes this week, gaining 1.9% as everything else fell, continuing a recent divergence from stock market performance. Stocks fell as Q2 earnings reports started to roll in. Investors are looking for commentary on continued AI capex spend and for insights on when to expect resulting revenues. The tech-heavy Nasdaq 100 was hit the hardest, down 3.9% on the week and now off 8% from its highs. Small caps continued their recent surge of outperformance, but still lost 2% on the week. Gold, oil and bonds fell in sympathy with stocks as investors weigh recent weakening economic data, such as slowing retail sales and housing starts.
Podcasts of the Week
The Last Trade E059: Multi-Jurisdiction Custody with Tetra Trust CEO, Didier Lavallée
In this episode of The Last Trade, Didier Lavallée, CEO of Tetra Trust, joins to discuss transparent and fault-tolerant custody, minimizing counterparty risk, Multi-Jurisdiction Multi-Institution Custody, the partnership between Onramp and Tetra, & more.
The Last Trade E058: Bringing Bitcoin Custody Out of The Dark Ages with Alex Saleh
In this episode of The Last Trade, Alexander Saleh, Partnerships Team Lead at Coincover, joins to discuss strategic bitcoin reserve rumors, political game theory, improving custodial standards, accelerating adoption via education, & more.
Final Settlement E011: Founding Acropolis with Joe Ianni & Mason Carter
In this episode of Final Settlement, Joe Ianni & Mason Carter, co-founders of Acropolis, join the pod to discuss bitcoin treasury adoption, founding Acropolis, custody, advisory, & ancillary services, bitcoin’s settlement layer, & more.
Wake Up Call (7.22.24): Loren Asmus, Canterbury Consulting
Wake Up Call is a weekly show that will be streamed live on LinkedIn every Monday morning. To catch the premier of each episode, follow Onramp’s LinkedIn page and add Wake Up Call events to your calendar. Hosted by Mark Connors, Onramp’s Head of Global Macro Strategy, and Rich Kerr, Onramp’s President of Managed Wealth, this show seeks to provide financial professionals the “wake up call” they need, prompt them to have an open mind with respect to bitcoin, rethink their prior assumptions, become more educated on the topic, and learn from others who are already farther down this path.
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,
Zack Morris
