Remy Blaire is joined by Cory Klippsten, the CEO of Swan Bitcoin, to discuss the current state of Bitcoin and the broader cryptocurrency market. The segment opens with a recap of Bitcoin’s recent price dip, which falls below $90,000 for the first time since April. While traditional stocks have experienced double-digit gains this year, Bitcoin has faced significant challenges, erasing its 2025 gains and dropping 25% from its all-time high due to a sell-off on October 10th, mass liquidations of leveraged positions, and ETF outflows. Despite this volatility, Bitcoin enthusiasts remain committed, with figures like Michael Saylor continuing to invest heavily in Bitcoin.
Cory emphasizes that, while Bitcoin may trade like a risk-on asset in the short term, his approach—and that of Swan Bitcoin—is to view it as a long-term savings technology. Cory explains how Bitcoin has experienced successive price consolidations since the last trough, indicating a potential for future growth.
The conversation shifts to the educational aspect of Swan Bitcoin, with Cory highlighting the importance of understanding Bitcoin for investors. He recounts his own journey into Bitcoin, which began in 2017 when he bought in at around $3,000. Cory notes that the current market is more informed than ever, thanks in part to the institutionalization of Bitcoin, with major players like BlackRock and Fidelity entering the space.
As they discuss the future of Bitcoin, Cory expresses his belief that the traditional boom-and-bust cycles may be over. He suggests that there is a strong possibility of a new all-time high in 2026, emphasizing that this could be the first time after a four-year peak that Bitcoin does not experience a dramatic fall. Cory refrains from providing specific price targets, instead focusing on the long-term technological revolution that Bitcoin represents, comparing it to historical advancements like the Industrial Revolution.