Onramp Report Advocates for Holding Spot Bitcoin Amid Market Dip

Bitcoin Magazine reports on a recent research publication by Onramp, a Bitcoin custody firm, which advocates for owning Bitcoin directly rather than through paper claims or structured products. The report, titled 'Back to Basics,' discusses the current market situation where Bitcoin trades at approximately 50% below its late-2025 high, while other assets like equities and gold remain near record levels.

The report underscores Bitcoin's fixed supply of 21 million coins as a core feature that ensures scarcity and monetary integrity, contrasting it with fiat currencies that lose value over time due to inflation. It also defends proof of work as a productive energy use and highlights Bitcoin's role as a durable, portable store of value that can be audited by anyone.

A significant part of the report criticizes 'paper Bitcoin'—claims on Bitcoin such as funds, exchange balances, or structured products—that introduce counterparty risk and can fail independently of Bitcoin itself. Onramp promotes self-custody or multi-institution custody models to mitigate these risks.

The third section of the report discusses market timing, noting that Bitcoin's current decline is shallower than previous cycles, with a pattern of recoveries following similar dips. The report concludes that lower prices during early adoption phases favor accumulation, and advocates for dollar-cost averaging and holding assets in custody you control.

Overall, Onramp's analysis suggests that the fundamentals of Bitcoin remain strong despite recent price declines, and that accumulating and holding the actual asset offers the best long-term value for investors.