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Why Cory Klippsten, CEO of Swan, Is Still Afraid Bitcoin Will Reach $1 Million - Unchained


The outspoken entrepreneur discusses his unwavering long-term support for the premier cryptocurrency, and why he thinks all alt-coins are eventually going to zero.

Posted December 19, 2023 at 7:00 am EST.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

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VIDEO: Swan CEO Cory Klippsten Still Thinks Bitcoin Is Headed to $1 Million
Unchained

Swan founder and CEO Cory Klippsten is all-in on Bitcoin. Not only does he believe that Bitcoin is poised to reach $1 million by 2030, he also thinks most alt-coins add little to no value and will eventually all go to zero. Accordingly, his company is a massive bet on the future of Bitcoin, from educating people about the world’s first crypto and convincing them to eventually self-custody, to making private equity investments in the Bitcoin ecosystem, to eventually planning to launch the first US Bitcoin-only trust company to create a safer environment for investors.

Here he talks to Unchained about his crypto journey, the likely impact of spot Bitcoin ETFs on crypto adoption and prices, his extreme skepticism about Bitcoin Ordinals, when he first knew Sam Bankman-Fried was a fraud and why he thinks that crypto VCs have done a “massive disservice” to the world.

Show highlights:

VIDEO: Bitcoin Security & Ordinals Debate with Cory Klippsten
Swan Bitcoin
  • What Swan Bitcoin is, its origin story and the future trajectory envisioned by Cory
  • Cory’s journey into crypto, his journalism background and the shift to a Bitcoin-centric focus
  • How Cory is navigating discussions with hedge funds, family offices, and insurance companies in anticipation of a Bitcoin spot ETF
  • Swan’s Bitcoin-only investment strategies
  • How lending and borrowing with Bitcoin is evolving
  • Cory’s private equity investments within the Bitcoin ecosystem
  • The rationale behind Swan launching the first US Bitcoin-only trust company
  • Swan’s stance on financial privacy, especially after warning customers that banks might close their accounts if they used mixers
  • Cory’s reasoning for advising against “trading” the Bitcoin spot ETF launch
  • Predictions on when BTC might reach new all-time highs
  • Cory’s perspective on Bitcoin Ordinals and their impact on the Bitcoin mempool
  • The concerns about decreasing block rewards and the future security of Bitcoin
  • Why Cory was convinced of FTX’s fraudulent nature after reviewing the balance sheet that led to SBF’s downfall
  • Why he thinks that VCs have done a “massive disservice” to the world

Thank you to our sponsors!

VIDEO: Binance’s CZ Was Bitcoin’s Enemy #1 for the Last 6 Years, Here’s Why & What’s Next – Cory Klippsten
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Guest:

VIDEO: Swan Bitcoin CEO Cory Klippsten predicts a 90% chance of Bitcoin trading at $1 million by 2030
Kevin Rooke

EPISODE TRANSCRIPT

Links:

VIDEO: Cory Klippsten Explains "What is Bitcoin" on @CNBC
Swan Bitcoin

Swan Bitcoin:

Bitcoin ETFs:

  • Previous coverage on spot Bitcoin ETFs:
  • How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection
  • Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10
  • Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF
  • The Chopping Block: Are We Back? The ‘Low IQ’ Response to the Potential Spot Bitcoin ETF
  • Unchained:
    • Why the SEC May Want Cash Creation of Spot Bitcoin ETFs
    • Bitcoin ETFs Explained: What Are They & How Do They Work?
    • BlackRock Updates Bitcoin ETF Filing to Make Access Easier for Wall Street Banks 

FTX

Ordinals:

    • Bitcoin Ordinals-Related Token ORDI Passes $1 Billion in Market Value
    • Bitcoin Mempool Reaches Record Levels of Congestion
    • Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What’s the Hype About?
    • Bitcoin’s BRC-20 Mania: Is It Sustainable?
    • Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin
  • Learn more:
    • What Are BRC-20 Tokens? 
    • What Are ORC-20 Tokens? 
    • How to Create a Bitcoin Ordinal

Sources


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