After a $1.8 billion liquidation event rocked the crypto derivatives market, Swan Bitcoin CEO Cory Klippsten joins Kitco News Anchor Jeremy Szafron for a deep dive into the forces driving the market. Klippsten provides a masterclass on the Bitcoin thesis, arguing that the recent volatility is “not a big deal” and that his long-term price targets of $10,000 Gold and $1 million Bitcoin remain firmly intact.
He dismisses the rise of corporate Ethereum treasuries as “just marketing” and argues that staking ETH is “stupid” when the asset is devaluing against Bitcoin. Klippsten also breaks down why he believes the Bitcoin cycles are dampening but not over, and gives his take on the new “crypto-friendly” SEC, the threat of a Digital Euro, and why he believes Bitcoin will eventually surpass Gold’s market cap.
During the interview, Cory referenced his in-depth research on the diminishing effects of the Bitcoin halving. For viewers who want a deeper dive into the data and his analysis, you can find the research paper he mentioned at the link below:
➡️ Read the full research here: (
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00:00 – Market Update: Gold & Stocks at Highs, Crypto Under Stress
01:40 – Klippsten: Recent Crash is “Not a Big Deal”
02:35 – Bitcoin vs. “Crypto”: Why They Are “Completely Separate Asset Classes”
03:40 – Swan’s Strategy: Serving Long-Term Savers, Not Traders
06:15 – Market Outlook: Fed Rate Cuts, Dollar Devaluation & All-Time Highs
08:35 – Have Corporate Treasury Firms Stopped Buying Bitcoin?
11:00 – Is the “Leveraged Bitcoin Equity” Arbitrage Over?
15:20 – Why Bitcoin’s Volatility is an “Inevitable” Feature
18:10 – Klippsten Breaks Down the Bitcoin Halving Cycles & Price Predictions
21:40 – On the New “Crypto-Friendly” SEC Regulations
25:25 – The Digital Euro CBDC: “Scary, Dystopian, and Horrifying”
28:15 – Klippsten on Ethereum Corporate Treasuries: “It Was Just a Trend”
31:25 – The Problem with Staking ETH: “It’s Just Stupid”
33:20 – Will Central Banks Buy Bitcoin?
39:10 – Bitcoin vs. Gold: Coexistence or Demonetization?
43:50 – Final Predictions: Gold to $10k, Bitcoin to $1M
#Bitcoin #Gold #Crypto #CoryKlippsten #Ethereum #MarketCrash #FederalReserve #SEC #Investing #KitcoNews
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40 Comments
After watching the interview, what's your take?
Is Cory Klippsten right that this is a healthy purge before the next leg up, or is this the start of a deeper downturn for crypto?
Let us know your predictions below!
Trump will control US currency with World Liberty Financial and its ability to issue and control stable coin!!!!!! Look it up! Three Bills do this togethers: 1)GENIUS ACT 2) CLARITY ACT 3) CBDC ACT. ALL MUST BE STOPPED!!! Research for yourself! BLOCK HR1919
People are not gonna make money from bitcoin now, you needed to buy it years ago.
Why does Kitco spew out news that "Gold is headed to $10,000" and the next day dream up another story forecasting a "$3,600 correction " in gold? Are you just trying to create hysteria to increase trading because trading = commi$$ion$?
Cory stop taking advertising money from marathon mining ! Mara r spamming Bitcoin ! Cory u should know better !
It's short term till someone pulls the rug lol I still don't think it's the safest way to finance life
Bitscam
I don't know why I ever listen to OG EOS shill Cory Klipsten. Bitcoin maxis are the most arrogant douche bags. I am going to start unsubscribing to channels that host him.
bitcoin sucks
Gold and silver has outperformed BTC since 2023. Gold and silver will continue to outperform BTC in the near term and future simply because the demand is so high. Gold and silver is the real money and all other assets are a derivative of gold and silver. Gold and silver is projected to reach 5k and silver is to reach 100. Why should I invest in something that is digital bits of ones and zeros in a computer whereas gold and silver is tangible and real. They keep minting USDT out of thin air and ploughing this money into BTC. Whereas there is a finite amount of gold and silver and that's it. It is a no brainer that people should choose gold and silver.
BTC is a psy-op to groom the world for CBDC acceptance.
BTC IS NOT DIGITAL GOLD. IT'S DIGITAL COIN.
MOROON
BTC IS NOT AN ASSET. IT'S TOTALLY JOKE🤡🤡
Create interview, he's always a good guest.
Cory is the man
Interesting!
Man, I thought I knew the rules: work hard, grind, save every penny. But I always felt stuck. Then someone casually mentioned Smart Broke Dumb Rich by Zor Veyl in a comment, and I swear—it felt like stumbling onto forbidden knowledge. It made me question everything I was ever taught about money, wealth, and success. Not gonna lie, it felt like I was cheating the system just by reading Smart Broke Dumb Rich by Zor Veyl.
Lets be honest, Exchanges are it again. There's also alot of Gen Z mavericks wanna be that tend to sell referral links for leverage trading to newbies (or gambling addicts). They get a cut. Exchanges get a cut. Same old same old. Leveraging crypto is, pardon me, for the coke fueled insane! 😂 compoind that this nonsense happens all over the world, from Brazil to USA, EU, South Korea, Hong Kong (hence…China) to Japan to NZ, INDIA and Australia. Etc etc etc. Millions upon millions of ppl betting on the world wide leverage casino……meh….🙄.
One thing is funny though, they don't mind losing!! The VERY definition of insanity! 😂 Keep on leveraging, losing, LOSING, and leveraging😂.
Noobs!😂
Beware of calm, smooth talking “experts”
I hold 0 in USD, US bonds etc besides money needed for next month payments. I think all current increase of equities, gold etc is not really a bull market but rather price adjustment to new reality. IMHO. Gold, silver, platinum, bitcoin, energy, insurers are the future. AI maybe in next stage but for now extremely overpriced.
great interview.
Excellent interview, as always, thanks!
DCA is golden! Cory, I like the idea of "Digital Pawnbroking"
Thank you, gentleman & KITCO
16:26 at $100T market cap ÷ 21M btc = $4.7M per bitcoin?! Holy smokes. That's the most outrageous number I've heard so far. Granted, he said that could be 10-15 years away. Hope he's right.
I scrolled past tons of people swearing by Smart Broke Dumb Rich by Zor Veyl, calling it the book “they” don’t want us reading. I was skeptical at first, but I finally gave it a chance. Honestly? I’m pissed I didn’t read it sooner. Smart Broke Dumb Rich by Zor Veyl forced me to rethink everything I thought I knew about money. It really is worth the hype.
Man, I thought I knew the rules: work hard, grind, save every penny. But I always felt stuck. Then someone casually mentioned Smart Broke Dumb Rich by Zor Veyl in a comment, and I swear—it felt like stumbling onto forbidden knowledge. It made me question everything I was ever taught about money, wealth, and success. Not gonna lie, it felt like I was cheating the system just by reading Smart Broke Dumb Rich by Zor Veyl.
I kept seeing people online talking about Smart Broke Dumb Rich by Zor Veyl—saying it felt illegal to read, like it exposed secrets no one’s supposed to know. Curiosity got the best of me, so I checked it out. Now I understand why everyone was losing their minds. Smart Broke Dumb Rich by Zor Veyl really does feel like a cheat code.
I kept seeing posts saying Smart Broke Dumb Rich by Zor Veyl was “dangerously honest,” like it held almost-banned-level info. Eventually, I gave in and read it. They weren’t lying—Smart Broke Dumb Rich by Zor Veyl hits different. It’s strangely addictive, probably because it gives you the kind of knowledge that feels like it’s not meant for the public.
I scrolled past tons of people swearing by Smart Broke Dumb Rich by Zor Veyl, calling it the book “they” don’t want us reading. I was skeptical at first, but I finally gave it a chance. Honestly? I’m pissed I didn’t read it sooner. Smart Broke Dumb Rich by Zor Veyl forced me to rethink everything I thought I knew about money. It really is worth the hype.
I kept seeing posts saying Smart Broke Dumb Rich by Zor Veyl was “dangerously honest,” like it held almost-banned-level info. Eventually, I gave in and read it. They weren’t lying—Smart Broke Dumb Rich by Zor Veyl hits different. It’s strangely addictive, probably because it gives you the kind of knowledge that feels like it’s not meant for the public.
I kept seeing people online talking about Smart Broke Dumb Rich by Zor Veyl—saying it felt illegal to read, like it exposed secrets no one’s supposed to know. Curiosity got the best of me, so I checked it out. Now I understand why everyone was losing their minds. Smart Broke Dumb Rich by Zor Veyl really does feel like a cheat code.
I’ll be honest—after finishing Smart Broke Dumb Rich by Zor Veyl, my first thought was: “How is this book even allowed to exist?” It completely tore apart everything I’d been told by schools, family, and society about money. No fluff, no empty motivational quotes—just brutal, raw truth. Now I get why Smart Broke Dumb Rich by Zor Veyl isn’t mainstream—it’s too honest. If you can get your hands on it, do it before it disappears.
We love seeing comments from traders sharing their own setups.
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you have fiat currency 💲 and gold 🥇, than you got crypto currency 📱 and bitcoin 🪙…
Fun fact:
1.86% of Bitcoin owners hold 90% of the supply. 🤔
Oops. I fell asleep in the beginning. Then I saw that it was a crypto fairy. I didn't miss anything. Changing the channel….. 😂
ឣគុណច្រើនសំពណមានហាងឆេងដូចរាលដងផងបើកក្នុងទូសាប់់ឣត់ឃើញទេ
I can’t believe this guy sad he has clients that went from all gold to all bitcoin. This guy may get a rude awakening and he talk the mike Saylor point s
Bitcon is not decentralised. It's a ponzi. Difficult to take someone, who doesn't understand that simple truth, seriously.
This guy is pumping bitcoin lol