Swan Signal Live - A Bitcoin Show Why Smart Money Isn’t Afraid of This Bitcoin Crash with Cory Klippsten
Dec 6, 2025
Cory Klippsten, Founder and CEO of Swan, dives into the current macro landscape and contrasts it with the Bitcoin hype of 2021. He discusses the shift in institutional sentiment, highlighting major players like Larry Fink and Harvard as long-term Bitcoin advocates. Cory critiques prediction markets and the gambling culture surrounding crypto, suggesting many may ultimately find refuge in Bitcoin's stability. He also explores Bitcoin's potential as an energy resource, turning excess energy into a universal monetary battery, while maintaining confidence in a bullish future.
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Rising Yearly Lows Signal Market Maturity
- Annual closing lows for Bitcoin have been rising, signalling diminishing panic selling and steady accumulation.
- Cory says this supports a new normal of smaller drawdowns (30–40%) instead of 80% crashes.
Use Regulated Venues To Increase Access
- Use new regulated trading venues (CFTC-designated contract markets) as compliant on-ramps for institutions.
- More access increases liquidity, lowers volatility, and encourages long-term allocations to Bitcoin.
Scambling: The Crypto Gambling Funnel
- Crypto's expansion into prediction markets, casinos and tokenized stocks creates a giant "gambling funnel" the hosts call 'scambling.'
- They view this as extractive, nihilistic, and distinct from Bitcoin's monetary purpose.