Expect bitcoin to hit a new all-time high in 2026, says Swan Bitcoin CEO
December 26, 2025 • 3m 21s
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
Autoscroll