Video News/In Focus with Jeremy Szafron

$1.8B crypto wipeout: Why gold is stable & Bitcoin is under stress | Cory Klippsten

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.

Guests: Cory Klippsten
Source: Kitco News
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