Video News/In Focus with Jeremy Szafron

Cory Klippsten, CEO of Swan Bitcoin, says Bitcoin’s Wall Street adoption has not stopped it from trading like a high-beta risk asset. Speaking with Kitco News anchor Jeremy Szafron, Klippsten said Bitcoin’s decline relative to gold shows that ETF exposure and institutional access are not the same as ownership, emphasizing the importance of self-custody for investors who want to hold assets outside the financial system. Klippsten discussed why he still owns Bitcoin despite coming from a gold-focused background and said gold and Bitcoin investors share common concerns about fiat money, custody, and financial control. He also argued that stablecoins have strengthened the U.S. dollar’s global role, while warning that digital identity, tokenized assets, and permissioned payment systems are moving faster than expected.