Roundup: US Credit Rating Downgrade & Declining Tax Revenues
Dylan LeClair | Guest Contributor
Aug 3, 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 Volatility Falls Below Nasdaq & Gold
In an intriguing turn of events, Bitcoin’s 10-day realized volatility has dipped below that of both the Nasdaq and Gold, marking a rare occurrence. This shift speaks to Bitcoin’s maturation and the current lull in volatility, as both bullish and bearish interest seem muted at present levels. Notably, one of Bitcoin’s major criticisms over the years has been its high volatility, which critics—especially gold proponents—have termed as rendering it “too risky”. This recent change of guard poses an interesting counter to such assertions and demonstrates Bitcoin’s potential for a stable financial future.





