Brian Sullivan (Senior National Correspondent) 00:00.270
swan bitcoin CEO cory clipson all right cory so obviously you're exposed to bitcoin you wanted to do well you're not coming in as a a neutral party make the bull case for bitcoin and other cryptos right now
Corey Klippsten (CEO and Founder) 00:16.230
brian you're the lucky charm for bitcoin and and we're here to usher in a nice new rally in twenty twenty six so yeah it has been it has been a rough fall right after a nice rise remember we actually touched seventy three K before that rise up to one twenty six and now we're
Corey Klippsten (CEO and Founder) 00:34.190
settling into kind of the high eighties it's been bouncing between eighty five and ninety maybe ninety one for a couple of weeks now you know i think the the bigger story if i zoom out is these four year cycles that we got so to in the bitcoin space where there was a bull market
Corey Klippsten (CEO and Founder) 00:48.630
peak in twenty thirteen twenty seventeen twenty twenty one followed by the price never actually reaching that level the following year so there was never a time in twenty fourteen where the price surpassed that high of twenty thirteen same thing for eighteen versus seventeen
Corey Klippsten (CEO and Founder) 01:03.350
same thing for twenty two versus twenty one with the FTX collapse and all of that and i think because we didn't see this astronomical price rise in twenty twenty five that you might have expected if you still believed in those having driven cycles or liquidity driven cycles or
Corey Klippsten (CEO and Founder) 01:18.470
whatever it was that was causing that four year cycle because there wasn't an astronomical rise it's hard to imagine some precipitous fall from here it seems like there's plenty of institutional money and government money on the bid and lots of people buying and more and more
Corey Klippsten (CEO and Founder) 01:32.150
people coming in adoption in bitcoin is kind of a a one way motion people don't tend to get into bitcoin and then get out of it they generally stick it's just a matter of how much they buy and so i think i think we have more than a fifty percent chance is how i handicap it of a
Corey Klippsten (CEO and Founder) 01:48.190
new all time high in twenty twenty six so i actually do expect that we'll see above a hundred and twenty five K next year
Brian Sullivan (Senior National Correspondent) 01:55.110
above a hundred and twenty five K this might be a little bit off topic and by the way i love being a lucky charm it's better than the grim reaper right which is this a lot of these bitcoin miners the ciphers of the world terra wolf 's hut aids whatever they are they've gone more
Brian Sullivan (Senior National Correspondent) 02:10.270
now to AI power they're kind of they're not leaving bitcoin mining but the focus has been elsewhere does that actually help or hurt the bitcoin case if fewer huge industrial miners are going after that ledger
Corey Klippsten (CEO and Founder) 02:24.990
look the bitcoin mining space is always so dynamic and there is a nice interplay between smaller scale miners and these larger institutional industrial scale miners and yeah you are absolutely right there has been tremendous stock performance by the bitcoin mining stocks that
Corey Klippsten (CEO and Founder) 02:40.510
have leaned into AI over the last few years and you see even some of the larger ones like core scientific which came out of bankruptcy famously and has had a nice little run here i think they've just come out and said that they're going to be a hundred percent HPC by twenty
Corey Klippsten (CEO and Founder) 02:54.270
twenty eight or twenty nine so they want to get out of bitcoin mining completely all this does is just create more opportunity and remember just because hash rate might fall or go up or whatever it doesn't really change the security model of bitcoin and it really doesn't change
Corey Klippsten (CEO and Founder) 03:10.230
anything about the price the the hash rate and sort of what it costs to mine a bitcoin is a lagging indicator it's something that actually follows the price not the other way around