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Cory Klippsten Bloomberg Interview on Bitcoin (4/28/23)
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Cory Klippsten Bloomberg Interview on Bitcoin (4/28/23)

Corey Clipston on Bitcoin's Long Bull Run

In this interview, Corey Clipston, CEO at the Bitcoin savings app Swan Bitcoin, discusses his bullish outlook for Bitcoin and the factors driving its growth.

The Growth of Swan Bitcoin

  • Swan Bitcoin is a full-fledged financial services firm that started as a Bitcoin savings app three years ago.
  • Volumes have increased dramatically since March 2021 when banks like Silvergate, Signature, Silicon Valley Bank, and Credit Suisse experienced shaky ground.
  • This growth has made Clipston turn aggressive in their growth trajectory and plans.

The Emergence of a Receptive Audience

  • More people than ever are receptive to talking about the merits of Bitcoin and what it's for.
  • This is cleaning up the false narrative that Bitcoin is only a near-term inflation hedge.
  • Instead, it is an inflation hedge against monetary debasement in the long term.
  • Clipston believes that there is a receptive audience willing to take the "orange pill" and get into Bitcoin for at least 24 months.

Bullish Outlook on Adoption

  • Clipston is bullish on adoption; he expects a million-dollar price for bitcoin by the end of the decade.
  • However, he admits that the path to get there is anybody's guess.
  • In past bull market peaks (2013, 2017, 2021), there was only about a four to six-month window where Google search volumes were off-the-charts.
  • Now there seems to be something more like maybe 24 months where everyone's interested in getting into bitcoin.

Volume Metrics

  • Despite some regulatory chatter going on around crypto trading volume last quarter seemed amazing.
  • However, if you isolate just the bitcoin dollar trade pair, it shows that volume was among the lowest since 2020.
  • Clipston is not worried about the impact of any centralized crypto casino on bitcoin.
  • He only focuses on bitcoin and doesn't see much future in the long run for any of the altcoins from Ethereum on down.

Bitcoin as a Store of Value

In this section, the speaker discusses why Bitcoin is the best tool for store of value and how it will disrupt all industries over the course of four to eight decades.

Bitcoin as a Store of Value

  • The speaker believes that Bitcoin is the best tool for store of value.
  • It will take time for Bitcoin to disrupt all industries, just like previous technological revolutions.
  • The journey towards becoming a major asset pile will be extremely volatile with manias and wild crashes along the way.
  • Bad actors in the system like FTX SPF regulation can cause concerns about investing in cryptocurrency.

Non-Bitcoin Crypto Space

In this section, the speaker talks about non-Bitcoin crypto space and how most projects are deliberately set up to be pumping dumps.

Non-Bitcoin Crypto Space

  • Over 99% of non-Bitcoin crypto space projects are deliberately set up to be pumping dumps.
  • If there is some kind of innovation that comes out of D5 blockchain crypto complex that still gets used by people and businesses in the future, it'll use whatever major currency dominates monetary space.
  • Centralized players brought regulation on themselves through outright fraud and criminality or terrible risk management.
Video description

Cory Klippsten joins "Bloomberg Business Week" to discuss Bitcoin adoption, the progress Swan has had over the past year and why education is key to ensuring people don't lose their savings in "crypto casinos". Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin​​​ Instagram: https://instagram.com/SwanBitcoin Telegram: https://t.me/swansignal​​​ LinkedIn: https://www.linkedin.com/company/swanbitcoin Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Download the all new Swan app! iOS: https://apps.apple.com/us/app/swan-bitcoin/id1576287352 Android: https://play.google.com/store/apps/details?id=com.swanbitcoin.android&pli=1 Join us for Pacific Bitcoin Festival 2023! Purchase your tickets now before prices go up: https://www.pacificbitcoin.com/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at: https://www.swanbitcoin.com/private/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_post Check out the best place for Bitcoin education, Swan Bitcoin’s “Bitcoin Canon”. Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://swanbitcoin.com/cannon?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get paid to recruit new Bitcoiners: https://swanbitcoin.com/enlist?utm_medium=social&utm_source=twitter&utm_campaign=social_selling #Bitcoin #SwanBitcoin