Ethereum is a ‘con’, DeFi is ‘fake’, and Bitcoin will win the ‘war’ for money – Cory Klippsten

Cory Klippsten, Founder and CEO of Swan Bitcoin, correctly predicted the collapse of Luna, Celsius, and FTX. He joins Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, to suggest the next domino that could fall, as well as to assess the FTX fallout. Klippsten also discusses Bitcoin’s investment benefits, why much of DeFi is ‘fake,’ and why he thinks Ethereum will eventually ‘blow up.’

Follow Michelle Makori on Twitter: @MichelleMakori (
Follow Kitco News on Twitter: @KitcoNewsNOW (
Follow Cory Klippsten on Twitter: @coryklippsten (

0:00 – FTX collapse, Alameda, and contagion
9:53 – Crypto VCs
11:30 – FTX’s effect on Bitcoin
12:48 – Crypto regulation
19:27 – Bitcoin vs. altcoins
21:16 – Over-leverage in Bitcoin?
27:23 – Bitcoin floor
30:16 – Swan Bitcoin
39:37 – Coinbase and Binance
41:00 – Bitcoin as an inflation hedge
43:57 – Bitcoin as a medium of exchange
46:03 – Recovery for Bitcoin price
47:56 – Ethereum and DeFi
58:40 – Bitcoin as global reserve currency
1:03:14 – Crypto Winter
1:04:02 – Pacific Bitcoin Conference

#bitcoin #ethereum #crypto
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