Cory Klippsten says Bitcoin's Wall Street era ran straight into a gold-sized reality check: the ETFs and institutions arrived, and it still trades like a high-beta tech stock, down about 30% year to date and roughly 52% off its high, while gold held up far better. So did Wall Street adoption change Bitcoin, or did it just attach it to the same risk cycle? Swan Bitcoin CEO Cory Klippsten joins Kitco News anchor Jeremy Szafron for a straight conversation in front of a gold audience: why a man from a gold family still owns Bitcoin, why he says crypto's stablecoin era actually made the US dollar stronger, and why the fastest-moving story right now is the push to pull every asset, payment and ID inside a permissioned system, from digital identity to AI age-gating, arriving faster than he expected. Plus the common ground gold and Bitcoin owners share: holding the real thing, outside the system. Recorded June 24 2026 00:00 A gold family, and he still owns Bitcoin 01:00 The honest scoreboard, and what to tell someone sitting on a loss 03:30 Don't be a trader, buy what you understand 04:00 Why Bitcoin sells off with AI and high-beta tech 04:30 ETFs: the cart before the horse, and paper hands 06:00 Exposure is not ownership: the sovereignty multiple 08:30 The casino, and why the Bitcoin-vs-crypto war is over 13:00 Is the four-year cycle just a meme now? 14:00 52% off the high, and the dampening of Bitcoin's swings 15:30 Risk-on for those who don't understand it, risk-off for those who do 16:00 Bessent on dollar dominance, and did crypto make the dollar stronger? 19:00 Why the "dollar decline" story may already be over 21:00 The permissioned system: digital ID, the UK bill, AI age-gating 24:00 "It's 1984, brave new world" 24:30 Why it's arriving faster than expected 27:00 Inside the system vs outside the system, and self-custody 29:30 Moving from ETF exposure to real on-chain Bitcoin 33:00 Three stores of value: Treasuries, gold, and Bitcoin 35:00 How a curious gold investor should actually start 38:00 Two horses in the race against fiat collapse #gold #bitcoin #dollar __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video. Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
