Cory Klippsten, Founder and CEO of Swan Bitcoin, correctly predicted the collapse of Luna, Celsius, and FTX. He joins the show to suggest the next domino that could fall, as well as to assess the FTX fallout. Klippsten also discusses Bitcoin’s investment benefits, why much of DeFi is ‘fake,’ and why he thinks Ethereum will eventually ‘blow up.’ He spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.

    Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
    Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
    Follow Cory Klippsten on Twitter: @coryklippsten (https://twitter.com/coryklippsten)

    0:00 – FTX collapse, Alameda, and contagion
    9:53 – Crypto VCs
    11:30 – FTX’s effect on Bitcoin
    12:48 – Crypto regulation
    19:27 – Bitcoin vs. altcoins
    21:16 – Over-leverage in Bitcoin?
    27:23 – Bitcoin floor
    30:16 – Swan Bitcoin
    39:37 – Coinbase and Binance
    41:00 – Bitcoin as an inflation hedge
    43:57 – Bitcoin as a medium of exchange
    46:03 – Recovery for Bitcoin price
    47:56 – Ethereum and DeFi
    58:40 – Bitcoin as global reserve currency
    1:03:14 – Crypto Winter
    1:04:02 – Pacific Bitcoin Conference

    #bitcoin #ethereum #crypto
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    21 Comments

    1. I don't agree with bitcoin maximalism but … the other cryptos need a real use case next cycle beyond swapping other useless tokens and selling jpegs.

    2. Well done, informative, while hard hitting. Interesting perspective from Cory, some things I agree, some things not, let the market play out and decide the future.

    3. Bitcoiners always touting how great as price continues to tank. The rich holding their breath for fed bailout (only way bitcoin goes up again)

    4. Oh i forgot this dude is a bitcoin maximalist, no wonder he won't take anything but bitcoin seriously, and really after the recent events who would question him

    5. This guy, gold doesnt implode BTC will stop at 16k IF , if, genesis blah blah, wtf sounds like anything can blow it up. Who's genesis? Is he for real,

    6. Good questioning by Miss Makori. Mr Klippstein is highly intelligent, a good person to interview, and well-spoken. I can see how he might spark some disagreements.

    7. i love how michelle's reactions are so shocked when he says ethereum will fail. ethereum's POS is clearly centralized just like fiat. it is doomed to fail

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