"This is another convergence of these accelerating technological disruptions that are going to have cascading impacts on our monetary paradigm... ...there's a strong positive loop between AI & bitcoin." [Matthew Pines on The Last Trade]

Multi-institution custody redefines control. Clients own the vault and initiate all movement. Independent keyholders act only at the client’s direction. No single keyholder has unilateral control. One failure doesn’t break the system. That’s fault tolerance. That’s Onramp.

Cold storage. Segregated vaults. Verifiable on-chain. Onramp democratizes institutional-grade multisig custody—distributed across independent institutions. No keys to manage. No single point of failure. Peace of mind, without complexity. [Michael Tanguma]

The debt is just getting started... So maybe the price isn’t that high after all Had a fun rip with Eric Balchunas Btw NOT a boomer or a suitcoiner Thanks for coming on, Eric Also forgot to ask, what’s your favorite cheesesteak in Philly?

“It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” —Henry Ford Over a century ago, Henry Ford proposed replacing gold with an energy-backed

New episode of The Last Trade, out now! Eric Balchunas, Senior ETF Analyst for Bloomberg, joins to discuss… ➤ IBIT, the fastest-growing ETF…ever ➤ Why Larry Fink became bitcoin’s biggest ally ➤ How ETFs bring legitimacy & access ➤ Bitcoin's uniquely sound nature & more!

Decentralized, secure, finite. Eric Balchunas, Senior ETF Analyst for Bloomberg, describes his journey to understanding bitcoin's unique nature as digital sound money. This week on The Last Trade 👇

Bitcoin ETFs? Probably nothing. • $150B+ AUM • IBIT hit $80B in 341 days—fastest ever • Top 20 U.S. ETF, youngest by 12+ years • BlackRock’s most profitable ETF • 1,000+ institutions hold IBIT Thanks for coming on, Eric Balchunas! BTW favorite cheesesteak spot?

We know liquidity drives Bitcoin. But it’s not just about dollars, it’s about access. ETFs opened the floodgates. Trillions can now flow into BTC. Most successful ETF launch ever. And we’re just getting started. Vijay Boyapati on The Last Trade

Bitcoin has no central issuer. It can't be debased. It's borderless. Alex Thorn explains why it's the perfect strategic reserve asset—credibly neutral, finite, and built for global portability.

The real "Last Trade"—printing dollars to buy BTC—isn’t an option for states. That constraint makes the case for state-level Strategic Bitcoin Reserves even stronger and more urgent. Zack Shapiro of Bitcoin Policy Institute breaks it down 👇

Gold, real estate, and fine art hedge against debasement—but access is costly, illiquid, and exclusive. Bitcoin is a democratized hard asset: finite, permissionless, digital, and global. Eric Balchunas of Bloomberg explains on The Last Trade.

Regulatory ambiguity around “Qualified Custodians” misses the broader point. Bitcoin enables protocol-native custody models that are fundamentally more secure by design. Zack Shapiro of Bitcoin Policy Institute breaks down why this is relevant for policymakers on The Last Trade 👇

Bitcoin empowers individuals to hold wealth directly—but that creates real-world security risks. Onramp CEO Michael Tanguma discusses why material holdings require fault-tolerant custody models that minimize reliance on any single person or entity. [Stephan Livera]

Thanks Pav - this might have been my favorite TLT episode yet. Eric Balchunas was gracious with his time and open to the dialogue around why Coinbase holding an increasing amount of BTC might not be the best thing for Bitcoin. It's why Onramp was founded.

New episode of The Last Trade, out now! Eric Balchunas , Senior ETF Analyst for Bloomberg , joins to discuss… ➤ IBIT, the fastest-growing ETF…ever ➤ Why Larry Fink became bitcoin’s biggest ally ➤ How ETFs bring legitimacy & access ➤ Bitcoin's uniquely sound nature ➤

Fault tolerant setups are important

Suitcoiners, Spitecoiners, and the New Bitcoin Buyer "ETFs have attracted a more stable, risk-aware investor base, including financial advisors, RIAs, and thoughtful retail investors, who are adding Bitcoin as a long-term, asymmetric investment. “Spitecoiners” buy Bitcoin not

Most bitcoin custody models are vulnerable to single points of failure. Onramp MIC distributes control across 3 institutions for true fault tolerance. Cold. Offline. Multisig. 3 keys. 2 to sign. None can act alone. No operational burden for end clients. Full peace of mind.