A new report from bitcoin custody firm Onramp argues that the recent market slump is an opportunity to buy and hold Bitcoin, rather than relying on paper claims. The report, titled 'Back to Basics,' points out that Bitcoin's fixed supply and expanding adoption make it a unique asset class.
Onramp splits its case into three parts: the fundamentals of Bitcoin, the gap between owning the asset and owning a wrapper, and the data behind its claim that the moment favors accumulation. The report highlights Bitcoin's fixed issuance schedule, the halving, and the role of decentralization in making the rules credible.
Onramp also argues that 'paper Bitcoin' is not truly Bitcoin, but rather a claim on it, a fund share, an exchange balance, or a structured product that stands as the obligation of a counterparty. The report notes that owning Bitcoin directly preserves its bearer quality, with no account to approve and no party able to freeze or reclaim the holding.
The report concludes by framing the message without a forecast: buy on a schedule while prices are low, and hold what you accumulate in custody you control, spread across independent institutions. The fundamentals of Bitcoin, Onramp writes, are unaffected by the fall in price, a lower price on an asset of fixed supply and expanding adoption is the thesis working in the buyer's favor.